Psych Levels, Pivots, and Trendlines - Resurrected | Page 189 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #3,761
  • Sep 9, 2009 7:54am Sep 9, 2009 7:54am
Sell in progress, hope tp hit...
Attached Image
  • #3,762
  • Sep 9, 2009 8:05am Sep 9, 2009 8:05am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting eyevoltage
What prompted you to go short, mate?

Exactly what I saw at the time - see chart.

Biggest lesson here is to pay attention to the 13/34s... keep the probabilities on my side... stay with the trend!


Magnus


EDIT: forgot, key thing was these occurring at .25 level...
Attached Image
  • #3,763
  • Sep 9, 2009 8:14am Sep 9, 2009 8:14am
Quoting masut
Sell in progress, hope tp hit...
tp hit
Attached Image
  • #3,764
  • Sep 9, 2009 8:28am Sep 9, 2009 8:28am
Quoting Yuppie
Exactly what I saw at the time - see chart.

Biggest lesson here is to pay attention to the 13/34s... keep the probabilities on my side... stay with the trend!


Magnus


EDIT: forgot, key thing was these occurring at .25 level...
Magnus, that IS a Dark Cloud Cover.....there's no "almost" about it! Forget the shadows.....the bodies are the thing, mate!

The 13/34 emas are there to keep you on the right side, mate. Also, the two black candles were the retracement and the doji just after them signified a very likely trend continuance. Of course, there's nothing to stop you trading a retracement......just so long as you take note of what the candles are telling you.

Anyway, you know all this already, so I don't mind if you flame me!!
  • #3,765
  • Sep 9, 2009 8:29am Sep 9, 2009 8:29am
Nice trades, mate, plus clean and simple charts. Very nice.
  • #3,766
  • Sep 9, 2009 8:33am Sep 9, 2009 8:33am
Quoting eyevoltage
Nice trades, mate, plus clean and simple charts. Very nice.
yes, i love simple

maybe, reenter long GU
Attached Image
  • #3,767
  • Sep 9, 2009 8:43am Sep 9, 2009 8:43am
Quoting masut
yes, i love simple

maybe, reenter long GU

I sold the last lower high after a 5 min doji with average volume - small size as its above the flattening 5m 30ema which is now = 6525 level....waiting to see IF that breaks otherwise my trailing stop will take me out....

Edit: LOL - I forgot that I had a TP at the 25 level, so I'm out for + 22
Trading Levels with WRBs
  • #3,768
  • Sep 9, 2009 8:49am Sep 9, 2009 8:49am
Quoting Islander
I sold the last lower high after a 5 min doji with average volume - small size as its above the flattening 5m 30ema which is now = 6525 level....waiting to see IF that breaks otherwise my trailing stop will take me out....

Edit: LOL - I forgot that I had a TP at the 25 level, so I'm out for + 22


i just follow rule that price above pivot i will go long
  • #3,769
  • Sep 9, 2009 8:53am Sep 9, 2009 8:53am
Quoting masut
i just follow rule that price above pivot i will go long
then I hope that you did on that pull back and are 20+ pips in profit
Trading Levels with WRBs
  • #3,770
  • Sep 9, 2009 8:55am Sep 9, 2009 8:55am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting eyevoltage
Magnus, that IS a Dark Cloud Cover.....there's no "almost" about it! Forget the shadows.....the bodies are the thing, mate!

The 13/34 emas are there to keep you on the right side, mate. Also, the two black candles were the retracement and the doji just after them signified a very likely trend continuance. Of course, there's nothing to stop you trading a retracement......just so long as you take note of what the candles are telling you.

Anyway, you know all this already, so I don't mind if you flame me!!

Nah, it's all good EV.

I should have seen it was a simple retrace... especially with that large-wicked candle at around 10:00AM.


Magnus
  • #3,771
  • Sep 9, 2009 8:59am Sep 9, 2009 8:59am
Quoting Yuppie
Nah, it's all good EV.

I should have seen it was a simple retrace... especially with that large-wicked candle at around 10:00AM.


Magnus
Thanks for that, mate. There's none of us ever stop learning in this game! That's what's so good about it!!
  • #3,772
  • Sep 9, 2009 9:02am Sep 9, 2009 9:02am
Quoting Islander
then I hope that you did on that pull back and are 20+ pips in profit
congrats...
  • #3,773
  • Sep 9, 2009 9:36am Sep 9, 2009 9:36am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting eyevoltage
Thanks for that, mate. There's none of us ever stop learning in this game! That's what's so good about it!!

...and bad!...
  • #3,774
  • Sep 9, 2009 9:58am Sep 9, 2009 9:58am
Quoting masut
yes, i love simple

maybe, reenter long GU
great trade....

move SL to BE, tp1 20 pips
Attached Image
  • #3,775
  • Sep 9, 2009 10:04am Sep 9, 2009 10:04am
Finally another "textbook" trade, like masut says.
s/r-level at the "50".
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 15 KB
Don´t live for working, but work for living.
  • #3,776
  • Sep 9, 2009 10:04am Sep 9, 2009 10:04am
I've just sold the spike up to yesterdays high......earlier € hit and turned back from its 4600 level and Swissy's spiked under its 10400 level and now back at that level....a small size trade and I'll TP in the 6550 area and re-evaluate.....
Trading Levels with WRBs
  • #3,777
  • Sep 9, 2009 11:00am Sep 9, 2009 11:00am
Quoting Islander
I've just sold the spike up to yesterdays high......earlier € hit and turned back from its 4600 level and Swissy's spiked under its 10400 level and now back at that level....a small size trade and I'll TP in the 6550 area and re-evaluate.....
TP on partials at prior resistance ~ 6555 also 5m 30 ema - if it bounces I'll look to re-sell.....next traget the 525 area, also the 50% retrace of todays rally.....
Trading Levels with WRBs
  • #3,778
  • Sep 9, 2009 11:37am Sep 9, 2009 11:37am
Quoting matsf
Finally another "textbook" trade, like masut says.
s/r-level at the "50".
Agreed - a nice textbook trade - with the trend too! .....lets keep banking those pips.....
Trading Levels with WRBs
  • #3,779
  • Sep 9, 2009 11:50am Sep 9, 2009 11:50am
Quoting Islander
TP on partials at prior resistance ~ 6555 also 5m 30 ema - if it bounces I'll look to re-sell.....next traget the 525 area, also the 50% retrace of todays rally.....
I did at the mid point of the 50 / 75 levels.....now it needs to break the 550 area support.....TWT
Trading Levels with WRBs
  • #3,780
  • Sep 9, 2009 11:52am Sep 9, 2009 11:52am
Quoting eyevoltage
First, there was the red long-legged doji. Following that was a green hammer type candle. The body was probably slightly too big to be a "true" hammer, but it was a nice pin-bar, nevertheless. The BODY of said pin-bar also totally engulfed the BODY of the doji (shadows don't count), so in actual fact, you had two potential reversal signals in one.
Hope that explains things, mate.
Oops, forgot about the wicks Thank for the explanation, EV, very kind of you.
One Chart is Worth Ten Thousand Words.
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