Psych Levels, Pivots, and Trendlines - Resurrected | Page 190 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #3,781
  • Sep 9, 2009 1:31pm Sep 9, 2009 1:31pm
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.....
and another TP, more pips pirated into my bank............I think I deserve a nice glass of Rioja.....BFN....
Trading Levels with WRBs
  • #3,782
  • Sep 10, 2009 4:14am Sep 10, 2009 4:14am
this is my AU short...

price break psycho and retrace

another perfect textbook trade.
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  • #3,783
  • Sep 10, 2009 4:31am Sep 10, 2009 4:31am
reenter
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  • #3,784
  • Sep 10, 2009 4:36am Sep 10, 2009 4:36am
Quoting masut
reenter
TP hit
  • #3,785
  • Sep 10, 2009 5:03am Sep 10, 2009 5:03am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting masut
TP hit

Hi masut,

This may have been asked of you before. But can you mark on your charts your entry, exit, etc.

I'm struggling to understand what you're posting.

Thanks,

Magnus
  • #3,786
  • Sep 10, 2009 5:06am Sep 10, 2009 5:06am
short GU here
Attached Image
  • #3,787
  • Sep 10, 2009 5:09am Sep 10, 2009 5:09am
Quoting Yuppie
Hi masut,

This may have been asked of you before. But can you mark on your charts your entry, exit, etc.

I'm struggling to understand what you're posting.

Thanks,

Magnus
hi magnus,

on my chart, both yellow dot lines are my entry and exit.

price below pivot, only sell
price above pivot, only buy

hope it help
  • #3,788
  • Sep 10, 2009 5:17am Sep 10, 2009 5:17am
Quoting Yuppie
Hi masut,

This may have been asked of you before. But can you mark on your charts your entry, exit, etc.

I'm struggling to understand what you're posting.

Thanks,

Magnus
chart
Attached Image
  • #3,789
  • Sep 10, 2009 5:30am Sep 10, 2009 5:30am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
Quoting masut
chart

Cheers masut...
  • #3,790
  • Sep 10, 2009 5:35am Sep 10, 2009 5:35am
Quoting masut
short GU here
price pullback hit my SL
Attached Image
  • #3,791
  • Sep 10, 2009 5:37am Sep 10, 2009 5:37am
Your SLs?
How did You manage that GBPUSD trade?
Cheers, NL
  • #3,792
  • Sep 10, 2009 5:42am Sep 10, 2009 5:42am
Quoting lacika
Your SLs?
How did You manage that GBPUSD trade?
Cheers, NL
usually if price move in my direction 15 pips, i 'll move sl 5 pips behind entry.

if price move 20 pips, set sl to BE.
  • #3,793
  • Edited 7:59am Sep 10, 2009 7:41am | Edited 7:59am
Went long on 5m cable, after a higher low off the confluence formed by the 1.6600 psych-line and R1. Entry perhaps a touch premature, but happily, it worked out and exit as shown as price started retreating before reaching the xx50 psych-line. Pivots, midpoints and xx00 and xx50 psych-lines only on this chart.

Edit: Correction - the dotted line under the 1.6600 psych-line signifies yesterday's high. Sorry about that.
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  • #3,794
  • Sep 10, 2009 7:51am Sep 10, 2009 7:51am
  •  Yuppie
  • Joined Jun 2007 | Status: ̿ ̿ ̿̿'̿̿\̵͇̿̿\=(•̪●)=/̵͇̿̿/'̿̿ ̿ | 2,727 Posts
I never traded this (I was busy taking an inferior setup on ES).

But everything lined up so well that it was too good a learning opportunity to not share with everyone.

EUR/USD.
Piercing Line Pattern on .50. Was also previous resistance level.


Magnus
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  • #3,795
  • Sep 10, 2009 8:02am Sep 10, 2009 8:02am
Quoting Yuppie
I never traded this (I was busy taking an inferior setup on ES).

But everything lined up so well that it was too good a learning opportunity to not share with everyone.

EUR/USD.
Piercing Line Pattern on .50. Was also previous resistance level.


Magnus
Now THAT'S what I call a great set-up!! Well spotted, mate!
  • #3,796
  • Sep 10, 2009 9:10am Sep 10, 2009 9:10am
A nice trade initiated by a doji forming right on the R1/1.6600 psych-line confluence. Entry just above the high of the doji and exit as price just pierced the M4 line. Nice and simple.
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  • #3,797
  • Sep 10, 2009 10:05am Sep 10, 2009 10:05am
This one took less than 10 minutes after price pushed through the 1.6650 psych-line. A breach of the R2 line followed, and I exited soon after, as price showed slight weakness. In and out....don't let a profit become a loss.
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  • #3,798
  • Sep 10, 2009 10:30am Sep 10, 2009 10:30am
Quoting eyevoltage
A nice trade initiated by a doji forming right on the R1/1.6600 psych-line confluence. Entry just above the high of the doji and exit as price just pierced the M4 line. Nice and simple.
good to see your trades again Captain.
Just catching up after Miami trip. Relaxed but no sleep 36hrs so NOT trading. More brain-dead than usual.

More contributors on thread too. Good stuff.

Unlikely to be trading much until mid next week as many biz issues to resolve, but will keep up to date with thread. Hope markets have yielded many pips to the fruit pickers here, despite the UK & US hols.
  • #3,799
  • Sep 10, 2009 10:25pm Sep 10, 2009 10:25pm
market move in asian session

nothing to do except buy textbook trade...

actually, i never trade euro asian session. trade with small lot.
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  • #3,800
  • Sep 11, 2009 1:04am Sep 11, 2009 1:04am
Quoting masut
market move in asian session

nothing to do except buy textbook trade...

actually, i never trade euro asian session. trade with small lot.
finally, tp hit
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