Psych Levels, Pivots, and Trendlines - Resurrected | Page 199 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #3,961
  • Sep 22, 2009 5:57am Sep 22, 2009 5:57am
30ema now crossed 50 ema which are both at the previous trendline, so now lots of resistance. Time to sell on a high methinks
  • #3,962
  • Sep 22, 2009 6:32am Sep 22, 2009 6:32am
well we are at the high I wanted! Not sure theres been enough of a sweep yet.

Anyway, the high of the rising upper trendline now at 6346 has a parallel low from 10.05 formed by the recent pa now at 6316. Maybe sideways for some time instead of sweeping? Also last couple of 5 min bars bouncing off original trendine low now at 6333. Strange.
  • #3,963
  • Sep 22, 2009 6:48am Sep 22, 2009 6:48am
Quoting Barry Cade
well we are at the high I wanted! Not sure theres been enough of a sweep yet.

Anyway, the high of the rising upper trendline now at 6346 has a parallel low from 10.05 formed by the recent pa now at 6316. Maybe sideways for some time instead of sweeping? Also last couple of 5 min bars bouncing off original trendine low now at 6333. Strange.
Any chance of you posting a chart, mate, in order to illustrate your above thinking?
  • #3,964
  • Sep 22, 2009 6:50am Sep 22, 2009 6:50am
I sold 6347 again, happy to -take 20/30 pips a time till the 30 ema rolls over properly.....
Trading Levels with WRBs
  • #3,965
  • Sep 22, 2009 6:55am Sep 22, 2009 6:55am
Quoting eyevoltage
Any chance of you posting a chart, mate, in order to illustrate your above thinking?
I would have attached but the trends are drawn on my other computer, which also calculates pps at a different time.

Lets see if I can quickly redraw on this computer & hopefully post
  • #3,966
  • Sep 22, 2009 7:13am Sep 22, 2009 7:13am
attached
Attached Image
  • #3,967
  • Sep 22, 2009 7:19am Sep 22, 2009 7:19am
different settings - done on auto this time & it appears to have more width & less height.

Anyway. This could be the sweep for stop losses before down move that I was referring to
Attached Image (click to enlarge)
Click to Enlarge Name: 15min 22sept.gif Size: 26 KB
  • #3,968
  • Sep 22, 2009 7:21am Sep 22, 2009 7:21am
Quoting Barry Cade
attached
Cheers, mate, ta very much.
  • #3,969
  • Edited 5:14pm Sep 22, 2009 5:07pm | Edited 5:14pm
Good Morning all

Came back after 2days off.

Nice trade AUDUSD, long after break psycho 50, retrace, and continuation. TP below R1.
Attached Image
  • #3,970
  • Edited 11:41pm Sep 22, 2009 11:41pm | Edited 11:41pm
GM all - nice one masut.

I think cable will be choppy this morning, with loads of Euro news and then the BOE announcement, so I'm in "hit and run" mode for ~20 pips a trade.

First one completed was a sell off the rejection of the 6400 level 10 mins into Frankies Hour.

Now I'm looking to buy for a pull back to the 30 ema......
Trading Levels with WRBs
  • #3,971
  • Sep 23, 2009 12:03am Sep 23, 2009 12:03am
Long off the todays open level / hourly 20 ema at 6357 for expected pull back to 30 ema ~ 6385
Trading Levels with WRBs
  • #3,972
  • Sep 23, 2009 12:08am Sep 23, 2009 12:08am
Quoting Islander
GM all - nice one masut.

I think cable will be choppy this morning, with loads of Euro news and then the BOE announcement, so I'm in "hit and run" mode for ~20 pips a trade.

First one completed was a sell off the rejection of the 6400 level 10 mins into Frankies Hour.

Now I'm looking to buy for a pull back to the 30 ema......
nice trade islander.

This is my GU chart. H4 TF, Bearish Outside Bar, price bounce TL and confluence with PPZ (horizontal red line).
Just for overview.
Attached Image
  • #3,973
  • Sep 23, 2009 12:11am Sep 23, 2009 12:11am
Quoting Islander
Long off the todays open level / hourly 20 ema at 6357 for expected pull back to 30 ema ~ 6385
Chart pls
  • #3,974
  • Sep 23, 2009 12:19am Sep 23, 2009 12:19am
Quoting masut
Chart pls
coming......
Trading Levels with WRBs
  • #3,975
  • Sep 23, 2009 12:29am Sep 23, 2009 12:29am
Busy elsewhere.....I always like the 50% retrace, but I'll accept the 6375 level......http://www.forexfactory.com/images/icons/icon12.gif

Edit: buy was off confluence of todays open - dashed gold - and 6350 levels
Attached Image (click to enlarge)
Click to Enlarge Name: sep 23 5m cable 0725 gmt.gif Size: 17 KB
Trading Levels with WRBs
  • #3,976
  • Sep 23, 2009 1:05am Sep 23, 2009 1:05am
Quoting Islander
Busy elsewhere.....I always like the 50% retrace, but I'll accept the 6375 level......http://www.forexfactory.com/images/icons/icon12.gif

Edit: buy was off confluence of todays open - dashed gold - and 6350 levels

accepted - now I'll wait for the MPC minutes in half an hour.....
Trading Levels with WRBs
  • #3,977
  • Sep 23, 2009 2:16am Sep 23, 2009 2:16am
LOL - I couldnt resist and so traded the news spike for nice pips.....now short off todays R1 at 6434......back for NY open.....BFN
Trading Levels with WRBs
  • #3,978
  • Sep 23, 2009 2:25am Sep 23, 2009 2:25am
Hi, I am new to this thread and am thoroughly enjoying it.

Thank you
  • #3,979
  • Sep 23, 2009 2:30am Sep 23, 2009 2:30am
Quoting db-trader
Hi, I am new to this thread and am thoroughly enjoying it.

Thank you
Hi db......welcome to the thread. Hope you stick with it.
Cheers
  • #3,980
  • Sep 23, 2009 2:32am Sep 23, 2009 2:32am
Quoting eyevoltage
Hi db......welcome to the thread. Hope you stick with it.
Cheers
thank you eyevoltage, your proverbs quote hits the spot
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