Psych Levels, Pivots, and Trendlines - Resurrected | Page 196 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Adr, psych levels, demand & supply trading 15 replies

Standard Pivots and Fibonnaci Pivots? 9 replies

EUR/USD 5min - Trendlines and Pivots 379 replies

Important psych levels 1 reply

Too many drawn Trendlines all same look: how to draw Trendlines with different look? 2 replies

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

Psych Levels, Pivots, and Trendlines - Resurrected

  • #3,901
  • Sep 16, 2009 7:28pm Sep 16, 2009 7:28pm
Good Morning all

Nice asian session, Cadjpy long trade. Pinbar above PP, 85.00 and intraday trendline. TP below psycho level 85.50.
Attached Images
  • #3,902
  • Sep 16, 2009 7:32pm Sep 16, 2009 7:32pm
another textbook trade

long AUDJ, price above PP and 79.50
Attached Image
  • #3,903
  • Sep 16, 2009 7:40pm Sep 16, 2009 7:40pm
Will GU has energy to move in asian session?

I don't know. But I'll wait if price break triangle and psycho 6500 (aqua check sign)

Let's see what happen at that level.
Attached Image
  • #3,904
  • Sep 16, 2009 8:18pm Sep 16, 2009 8:18pm
I attach pivot mid-levels indicator. I never use it at 15min chart. Maybe 5min TF it's work well.

Also weekly and monthly pivot. I found this indicator from this forum. I'm forget who's indis creator.
Attached File(s)
File Type: mq4 Pivot Mid-Levels.mq4   14 KB | 416 downloads
File Type: mq4 P-Weekly.mq4   5 KB | 396 downloads
File Type: mq4 P-Monthly.mq4   5 KB | 339 downloads
  • #3,905
  • Sep 16, 2009 10:59pm Sep 16, 2009 10:59pm
Quoting masut
Will GU has energy to move in asian session?

I don't know. But I'll wait if price break triangle and psycho 6500 (aqua check sign)

Let's see what happen at that level.

Upss... I did it again... Scalp it 10pips
Attached Image
  • #3,906
  • Sep 16, 2009 11:24pm Sep 16, 2009 11:24pm
TF Daily price bounce fibo 50% and there's any inside bar (IB) that if price breaks previous high, will continue bullish movement.

But, trade what u see not what u think
Attached Image
  • #3,907
  • Sep 16, 2009 11:36pm Sep 16, 2009 11:36pm
Reenter GU long here.

Price break R1 TP at psycho level.
Attached Image
  • #3,908
  • Sep 16, 2009 11:51pm Sep 16, 2009 11:51pm
Quoting masut
Reenter GU long here.

Price break R1 TP at psycho level.
You're doing better than me today. I got in front of screen too late for the last hl close around 1.65 and with all the shooting stars struggled for a buy entry I like. Missed out on move up.
Attached Image
  • #3,909
  • Sep 17, 2009 12:04am Sep 17, 2009 12:04am
Quoting Vantage
You're doing better than me today. I got in front of screen too late for the last hl close around 1.65 and with all the shooting stars struggled for a buy entry I like. Missed out on move up.
Prefer lose opportunity than lose money
  • #3,910
  • Sep 17, 2009 12:07am Sep 17, 2009 12:07am
Quoting Vantage
You're doing better than me today. I got in front of screen too late for the last hl close around 1.65 and with all the shooting stars struggled for a buy entry I like. Missed out on move up.
watching EU & Swisssy as well. EU shooting stars may be selling by big dogs. Opposite in Swissy so GU may stall
  • #3,911
  • Sep 17, 2009 4:40am Sep 17, 2009 4:40am
A trade completed just now on 5m eur/jpy.

This time, I used the 13/34ema combination as a visual aid whilst watching the pull-back to the M3 line which, coincidentally, formed a confluence with the 13ema. After price started rising, I waited for a breach of the xx50 psych-line, and any possible retrace to said line, before entering above the high of the retrace candle. Exit as price started pulling back from the xx50 psych-line.
Attached Image
  • #3,912
  • Sep 17, 2009 5:56am Sep 17, 2009 5:56am
Quoting eyevoltage
A trade completed just now on 5m eur/jpy.

This time, I used the 13/34ema combination as a visual aid whilst watching the pull-back to the M3 line which, coincidentally, formed a confluence with the 13ema. After price started rising, I waited for a breach of the xx50 psych-line, and any possible retrace to said line, before entering above the high of the retrace candle. Exit as price started pulling back from the xx50 psych-line.
nice trade EV

i missed that move
  • #3,913
  • Sep 17, 2009 6:13am Sep 17, 2009 6:13am
Quoting eyevoltage
A trade completed just now on 5m eur/jpy.

This time, I used the 13/34ema combination as a visual aid whilst watching the pull-back to the M3 line which, coincidentally, formed a confluence with the 13ema. After price started rising, I waited for a breach of the xx50 psych-line, and any possible retrace to said line, before entering above the high of the retrace candle. Exit as price started pulling back from the xx50 psych-line.
do you ever get a losing trade? Maestro.

Ive just got back in after a couple of hours. Didnt like GU. Still dont. Coincidentally I did have a look at other currencies when I returned & saw this trade. I know you dont look into vol much but the doji at 12.50 was v low vol & the next bar that was lower was smaller vol still, so it looked like a good trade entry at 133.90, although I can understand waiting until 00 psych passed & confirmed.

At same time on UJ, similar setup but perhaps even clearer entry! 45 points up to retrace just short of R1.

Would have been worth a chart here for comments. However, I still dont know how to do this. D'oh! Can you please let me know asap & also how to add arrows/comments. Ta.
  • #3,914
  • Sep 17, 2009 6:31am Sep 17, 2009 6:31am
Quoting Barry Cade
do you ever get a losing trade? Maestro.

Yes, but not too many....purely and simply, because I wait for what I judge to be really high-probability set-ups.

Would have been worth a chart here for comments. However, I still dont know how to do this. D'oh! Can you please let me know asap & also how to add arrows/comments. Ta.

[color=Red]I trust you use MT4 charts, Barry?...
Cheers
  • #3,915
  • Sep 17, 2009 6:32am Sep 17, 2009 6:32am
I trust you use MT4 charts, Barry? Right click and hit "Save as picture" and save it to your chosen file. Then post your message, and before sending it, scroll down to where it says "Manage Attachments". In the resulting pop-up window, hit "Browse" and select your chart. Hit "Upload" and wait for "current attachments" (which will contain your chart reference) to appear, then hit "Close this window" at the top. Then it's just a case of hitting "Submit Reply".
Hope that's clear, mate.


Cheers

Edit: I tried to get this in the last post to you, but I buggered it up!!
  • #3,916
  • Sep 17, 2009 6:38am Sep 17, 2009 6:38am
interesting on GU. 1 hr rising channel that I referred to yesterday is now at 6487. Daily rising channel still repelling at 6471. Now we have 5 min channel. Low was breached at 1.30 is, & now acting as resistance. Currently at 6518.

However with psych 500 between, unless £ has an enema & suddenly falls thro, we may be sideways for a while & have little to trade, unless bouncing down from trend line to raid 15-20 pips. TWT (is that the right phrase?)
  • #3,917
  • Edited 6:56am Sep 17, 2009 6:43am | Edited 6:56am
Quoting eyevoltage
[color=Red][color=Black]I trust you use MT4 charts, Barry?...
save as "active chart" or "active chart as is". If the former, what pixels recommended? Ive also seen on another thread someone added chart that buggered up whole page as too wide. How do you adjust this?

ps yes on MT4 but my trend lines are on other computer on different platform using IQFeed

pps just found out where to find arrows & insert text. Ha. Not difficult is it?
  • #3,918
  • Sep 17, 2009 7:03am Sep 17, 2009 7:03am
Quoting Barry Cade
save as "active chart" or "active chart as is". If the former, what pixels recommended? Ive also seen on another thread someone added chart that buggered up whole page as too wide. How do you adjust this?

ps yes on MT4 but my trend lines are on other computer on different platform using IQFeed
"Active Workspace" means taking a picture of the whole chart, including all toolbars etc. Everything YOU see, your eager public will see!!

"Active Chart (as is)" means just the chart area.

"Active Chart" means you can adjust the size by altering the pixels. I generally use 500 x 500, but 600 x 600 occasionally. Have a play around with it and see what you prefer, but as you mentioned, don't make it too big. Nothing more annoying than a HUGE chart on the thread where you have to scroll from side to side to see it!!

By the way, I've attached a chart showing you where the indicators are for arrows and text. The blue arrow is where you can attach arrows (!), price labels, ticks etc. The red arrow shows you where can provide text on the chart. I've indicated the letter "A", because this enters text that moves sideways with the chart. The letter "T", next to it, provides text that stays static as the chart moves.

My sincere apologies to other thread users for the off-topic info.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy060.gif Size: 45 KB
  • #3,919
  • Sep 17, 2009 7:06am Sep 17, 2009 7:06am
Long EU, after rebound pivot and psycho 4700

great trade
Attached Image
  • #3,920
  • Sep 17, 2009 7:08am Sep 17, 2009 7:08am
Same case like EU

long GU after rebound PP and psycho level 6500
Attached Image
4 traders viewing now