Psych Levels, Pivots, and Trendlines - Resurrected | Page 192 | Forex Factory

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Attachments: Psych Levels, Pivots, and Trendlines - Resurrected
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Psych Levels, Pivots, and Trendlines - Resurrected

  • #3,821
  • Sep 14, 2009 4:28am Sep 14, 2009 4:28am
@islander & EV

nice trade both of you

i just open my chart..
  • #3,822
  • Sep 14, 2009 4:38am Sep 14, 2009 4:38am
this is my trade

short GU bellow psycho 6550, tp hit at S3
Attached Image
  • #3,823
  • Sep 14, 2009 5:15am Sep 14, 2009 5:15am
Quoting eyevoltage
Another smaller opportunity, this time after the Shooting Star formed right on the S2 line. I then had to wait for a bit of confirmation, and I finally entered under the low of the following Spinning-Top, before jumping quickly out as price touched the M0 line.
All good today (well apart from 1 blip from Mrs V who is sitting in the hot chair learning to press the right buttons. She took a none trade by having an itchy trigger finger pressed the button by complete mistake for -11. She is still alive and well, escaped without even a harsh word).

Daily showing a shooting star and we were all down through Asian session so we were in sell mode the whole time.

First 2 trades were small but the 3rd trade entered after the shooting star was the one that followed through nicely. All 3 trades were rejects of even number.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 5.gif Size: 16 KB
  • #3,824
  • Sep 14, 2009 5:15am Sep 14, 2009 5:15am
Quoting masut
this is my trade

short GU bellow psycho 6550, tp hit at S3
Nice one, masut. Do you use 15m exclusively? Or do you occasionally drop down to 5m?
  • #3,825
  • Sep 14, 2009 5:20am Sep 14, 2009 5:20am
Quoting Vantage
All good today (well apart from 1 blip from Mrs V who is sitting in the hot chair learning to press the right buttons. She took a none trade by having an itchy trigger finger pressed the button by complete mistake for -11. She is still alive and well, escaped without even a harsh word).

You are to be commended on your restraint, my friend, and I'm sure Mrs.V considers herself lucky to be still breathing!!
  • #3,826
  • Sep 14, 2009 5:36am Sep 14, 2009 5:36am
Quoting eyevoltage
Nice one, masut. Do you use 15m exclusively? Or do you occasionally drop down to 5m?
hi EV

i use 15m until now
but, maybe i will drop to 5m next time since i meet your 5m trade
  • #3,827
  • Sep 14, 2009 5:42am Sep 14, 2009 5:42am
i just break my rule (isn't textbook trade ... of course)

because i saw nice opportunity to buy GU here
Attached Image
  • #3,828
  • Edited 7:57am Sep 14, 2009 7:48am | Edited 7:57am
On 60min chart there is a rising channel thats been running since 2/9. At 6521 we hit the bottom of it. Bounced off it 3 times today. fyi top is 6780.

Actually there is a rising channel on 240min also, from 9/6. Bottom at 6475. Its breached before but has also subsequently acted several times as resistance.

6502 is 38%fib from 1/9 low to 11/9 high.

Maybe too much resistance for further drop today?
  • #3,829
  • Sep 14, 2009 8:22am Sep 14, 2009 8:22am
Quoting Barry Cade
On 60min chart there is a rising channel thats been running since 2/9. At 6521 we hit the bottom of it. Bounced off it 3 times today. fyi top is 6780.

Actually there is a rising channel on 240min also, from 9/6. Bottom at 6475. Its breached before but has also subsequently acted several times as resistance.

6502 is 38%fib from 1/9 low to 11/9 high.

Maybe too much resistance for further drop today?
LOL Barry - have you been reading my posts elsewhere....

BTW.....I trust that you had a great vacation......

http://cdn.forexfactory.com/images/icons/icon1.gif GBPUSD Hourly Chart
So far the confluence of the 50% retrace of last week's ~429 pip range, today's pivot S3 level at 1.6528, the 525 level and the support line of the green Andrews PitchFork have held as support for the retracement.....we dont yet know if the NY traders will push cable further down to test the main support area of 6500 - 6475, but for now the 1 min and 5 min charts have rolled over to positive after the higher low an hour ago which put me into an initial small buy ahead of my limit order down around 6500.....
Attached Thumbnailshttp://cdn.forexfactory.com/attachme...1&d=1252931000
Trading Levels with WRBs
  • #3,830
  • Sep 14, 2009 8:50am Sep 14, 2009 8:50am
Quoting Islander
LOL Barry - have you been reading my posts elsewhere....

BTW.....I trust that you had a great vacation......

http://cdn.forexfactory.com/images/icons/icon1.gif GBPUSD Hourly Chart
[i]So far the confluence of the 50% retrace of last week's ~429 pip range, today's pivot S3 level at 1.6528, the 525 level and the support line of the green Andrews PitchFork have held as support for the retracement.....we dont yet know if the NY traders will push cable further down to test the main support area of 6500 - 6475,...
not seen your posts today. Blimey - I am on the right wavelength. Only looked at VSA & no comments all day! Theyre probably like me, bemused by drop to 6520 when it appeared like a lot of pro accummulation earlier. Anyway, rise was worth waiting for despite missing pips this morning in bears. 2 higher lows were a good sign & support below. I just waited a bit longer to make sure of uptrend.

Great hol thx
  • #3,831
  • Sep 14, 2009 9:54am Sep 14, 2009 9:54am
I was watching this one after the Harami formed just above the M3 line. After 2 small Spinning-Tops, I finally entered just above the high of them both, and exited as price retreated a little from the M4/xx50 psych-line confluence. A nice trade to round off the day, I think.
Attached Image
  • #3,832
  • Sep 14, 2009 10:02am Sep 14, 2009 10:02am
Quoting eyevoltage
I was watching this one after the Harami formed just above the M3 line. After 2 small Spinning-Tops, I finally entered just above the high of them both, and exited as price retreated a little from the M4/xx50 psych-line confluence. A nice trade to round off the day, I think.
Great trade.
Coincidentally Ive just had a look at EU. Theres been a few opportunities today, all missed whilst monitoring GU. One day I will be able to walk & chew gum at the same time.
  • #3,833
  • Sep 14, 2009 10:54am Sep 14, 2009 10:54am
Quoting Barry Cade
Great trade.
Coincidentally Ive just had a look at EU. Theres been a few opportunities today, all missed whilst monitoring GU. One day I will be able to walk & chew gum at the same time.
Take heart, mate. If you finally manage to master that, then you'll be one up on any politician in the world!

(And probably 10 up on the clowns we have in THIS country!)
  • #3,834
  • Sep 15, 2009 12:54am Sep 15, 2009 12:54am
This is my textbook trade
I saw pinbar above 6600, and pivot.
Attached Image
  • #3,835
  • Sep 15, 2009 1:01am Sep 15, 2009 1:01am
Same case EU
Attached Image
  • #3,836
  • Sep 15, 2009 1:03am Sep 15, 2009 1:03am
And another AUD
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  • #3,837
  • Sep 15, 2009 1:05am Sep 15, 2009 1:05am
Quoting masut
This is my textbook trade
I saw pinbar above 6600, and pivot.
TP hit below 6650
Attached Image
  • #3,838
  • Sep 15, 2009 1:40am Sep 15, 2009 1:40am
Quoting masut
Same case EU
get out with 15pips

AUD still run but i take partial lot.
  • #3,839
  • Sep 15, 2009 1:54am Sep 15, 2009 1:54am
Quoting masut
get out with 15pips

AUD still run but i take partial lot.
good start to the day Masut. (well its a good start if you are in UK) I guess you are 5 hours ahead?
  • #3,840
  • Sep 15, 2009 2:24am Sep 15, 2009 2:24am
Quoting Barry Cade
good start to the day Masut. (well its a good start if you are in UK) I guess you are 5 hours ahead?
Hi BC..

Yes, my day life in asian session open.
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