Psych Levels, Pivots, and Trendlines - Resurrected

acumen, you´re so right.
I´d give him hundreds of vouchers, BUT I CAN´T !!!

Same as me.... I have no power to do it....

how does one get the power?? I also tried to leave a comment and that didn't go through either.

Did you say vouchers? http://www.forexfactory.com/userguide.php#wvs

You can't just leave a comment and be vouched for. You have to be useful in one way or the other.

But then again why do you want to be vouched for? Does it really matter... ?

GM all - wow - some move in the Asian Session - down to test the June low at the 5800 level. IF this breaks then the next support off the daily chart is around the 5100 area - the April high and just under the 50% retrace of the whole of this years rally.

For now, its sell the 5850 area - with the MS 2 at 857 and buy the 5800 area. Volumes are low, I guess waiting to see how The Brits react to the latest fall.....

I think that its a guide on the ammount of effort given in sharing useful information rather than the "I did this or that" type of posts.....this may clarify...

Wisdom Vouching System

The Wisdom Vouching System (WVS) is used to estimate the trading experience of individual FF members. Members vouch for others they feel are experienced and wise traders, and the number of vouchers a member has can be determined by an icon on their posts and member profile. For example, a member with one voucher will display http://www.forexfactory.com/images/misc/1kt.gif, a member with two vouchers will display http://www.forexfactory.com/images/misc/2kt.gif, and so on up to eleven where they'll display http://www.forexfactory.com/images/misc/10+kt.gif.

The integrity of the WVS is maintained by only allowing members with four or more vouchers to vouch for others. That means every vouch granted comes from a trader who is already considered experienced and wise by their FF peers.

Purpose of vouching

The WVS serves two main purposes. First, it allows you to quickly estimate the experience level of an FF member, lending important context to their opinions and advice. Secondly, the Thread Permissions feature allows thread-starters to limit their thread's participants based on the number of vouchers the member has. Therefore, your ability to post in certain threads can be limited by your number of vouchers.

Obtaining vouchers

The WVS is built on the premise that experienced traders and novices speak with distinctly different attitudes on trading, and a member's experience level can be accurately estimated by what they say and do. In other words, experienced traders can recognize other experienced traders by their attitude.

Persuading others to vouch for you is not easy - you'll have to prove you have significant trading experience throughout your exchanges at FF, such as your forum posts, news comments, and private exchanges. If you are truly experienced, members will recognize and naturally vouch for you. Remember, only members with four or more vouchers can vouch for others. To convince these traders you'll need to speak about trading on a high level, and that's difficult to do without years of experience.

Vouching for others

If you have four or more vouchers you can vouch for any FF member by clicking the link next to the icon on their member profile. When you vouch for someone, it means you believe they are an experienced and wise trader. Your definition of "experienced and wise" may differ from others, but that's alright, at least four other experienced traders trust your judgment. If you vouch for someone by mistake, or change your mind, you can undo your vouch by clicking the "(undo)" link next to your username in the member's voucher list on their profile page.

Vouching guidelines

The power to vouch for others should be taken very seriously as the integrity of the WVS is at stake with every vouch granted. The paramount expectation is that you vouch responsibly - this means that you're vouching for traders who are experienced and wise, and not for any other reason. Novice traders cannot accurately distinguish between experienced and inexperienced traders, and a single novice on a vouching-spree can discredit the entire system. That's why it's very important that you only vouch for traders who you're certain are experienced and wise - in other words, vouch responsibly every single time.

Additionally, you are expected to undo your vouch for any member who proves unworthy of the honor. For example, if a member you vouched for is not vouching responsibly, you should undo your vouch for that member as they cannot be trusted to uphold the integrity of the system. If everyone does the same, the irresponsible member will fall below the four-vouch hurdle and all of his vouchers will be erased, thus restoring the integrity of the system.

Last but certainly not least, members with many vouchers are expected to remain humble. Flaunting your badge is damaging to the entire system and reflects poorly on all members who have vouchers. Please do your best not to let your badge status influence your attitude on the forum - remember to always display the same humbleness that comes with trading experience.

Frequent questions

Who vouched for this member?

If a member has vouchers they'll be listed in the left column of the member's profile page. There you can see who vouched for the member and in what order, as well as an alphabetical list of who the member vouched for. If this section is not present it means the member has no vouchers.

I have four vouchers - why can't I vouch for others?

The WVS adjusts vouching permissions only a few times per day - it's not real-time. It can take as long as 24 hours after being granted four vouchers to be given the permissions. As soon as you obtain the permissions you'll be sent an email alerting you of your status.

I am http://www.forexfactory.com/images/icons/icon12.gif.....on the last two, price held at the 61% fibo / 5m 30 ema at the 5813 level and bounced back from there.....

GM - Islander. I am another one that appreciates your postings and a chart every now and then. I have a big file on my desk called "The Islander Project". Lots of your posts and comments go in there, and my objective is to trade like you. Guess a few more thousands of hours of chart time will help! Again, thanks for your posts.

LOL...

Thanks for your kind words - I'm glad that you find my posts helpful - and OK, its taken me more than 10,000 hours of screen time to get to my current level of trading ability, BUT I hope that by sharing, others will get there much more quickly......once you've mastered the basics, go live and trade minis or micros so that youre working "off the right" of the screen - that's the hard part!

Good luck

Islander

[quote=Islander;3097698]I am http://www.forexfactory.com/images/icons/icon12.gif.....on the last two, price held at the 61% fibo / 5m 30 ema at the 5813 level and bounced back from there.....[/quote]


The last bounce was in the candle before the London Open, and, as I'd hinted earlier, there was a change as with The Brits volume increased by over 60%, pushing price on up to the 875 level.

I was too ambitious with my limit sell at the earlier high at 885, so I've missed the traded from the 875 level and I'm now waiting for the next one......

[quote=Islander;3097811] The next one was a buy at a Higher Low - again off the rising 5m 30 ema, this time at 5835 - another of cable's favourite levels http://www.forexfactory.com/images/icons/icon12.gif

This bounce hit my earlier limit order at price hit cables other favourite level - the **85 level - so another short, now looking for the 850 / 30 ema confluence.......

.......and your 850/30 ema confluence trade has already produced pips!

Yes - and well done if you got on board too.....

Edit: now I'm thinking that we may test or even break the 5900 level....if we do, Fridays Low and a 50% fibo are at 5915.....

I took the earlier HL also - just micro lots, but it's all experience. Thanks.

I have no interest in someone vouching for me, but I feel there are folk on this thread who deserve to be vouched for. I have read the rules and realise I am still unable to do that.

Chart for this morning....all of these were potential entries / exits with more than 30 pips available in each move so that's at total of 300 + pips!

I've got plenty of those and my limit order short has now been triggered just under the red resistance area that I mentioned earlier - target is the rising 30 ema / 875 confluence......I'll leave this to run as I'm now taking a break until early NY open at 8am their time......BFN

Islander congrats on your stunning % for the month, nice one.

I also got some nice trades this morning.

All hammers. First ej, reject of D M1, waited for 130.50 to clear. Out in the chop below even number.

GU bought the big hammer push up from 50 level out for +8 when no follow through. Bought the small hammer that followed out at the reject of even number, should have had the intestinal fortitude to hold out for Fri's low but a pretty good morning so we made do.

Some great trading by Islander and Vantage this morning. Well done!
As for me.....I'm sort of on nodding terms with the computer this morning, being far too occupied with other matters domestically orientated, unfortunately.
Today's a write-off for me, I'm sorry to say, as I have to be out almost all afternoon.
But I'll keep monitoring until I go out. Nice to see so many people either lurking or contributing.
Cheers

My 5m short trade

Price below pivot, break intraday trendline and S1. Nice for 30pips quickly.