Psych Levels, Pivots, and Trendlines - Resurrected | Page 203 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #4,041
  • Sep 28, 2009 5:36am Sep 28, 2009 5:36am
Let's see what happen next if price break trend line and S1.
Attached Image
  • #4,042
  • Sep 28, 2009 6:35am Sep 28, 2009 6:35am
Quoting Islander
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,...

Yes, I have to admit a pay more attention to FF members which have been vouched for than not. But I try not to as I can easily see who is serious and not.

Many of the members which have been vouched for doesn't deserve it. Not due to bad "forecasts" but bad behavior to the fellow trader without saying names.

But I would rather have this system than nothing at all.

Maybe there should be a VIP rom also?
  • #4,043
  • Sep 28, 2009 7:12am Sep 28, 2009 7:12am
Quoting Vantage
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.

Thanks V and Mrs V - nice trades from you guys too.....http://www.forexfactory.com/images/icons/icon6.gif
Trading Levels with WRBs
  • #4,044
  • Sep 28, 2009 7:59am Sep 28, 2009 7:59am
Early NY short off Lower High at 5892, looking for retest of lows.....
Trading Levels with WRBs
  • #4,045
  • Edited 8:47am Sep 28, 2009 8:14am | Edited 8:47am
Quoting Islander
Early NY short off Lower High at 5892, looking for retest of lows.....
Half off at mid morning lows ~5840 level - will resell on any bounce into fib zone 857 - 871

Edit: falling 5m 30ema now close to 50% retrace at 5864

Edit: stalled around 5812 with 2 attemps, so closed at 5820......todays 20% target now achieved.....
Trading Levels with WRBs
  • #4,046
  • Sep 28, 2009 11:05am Sep 28, 2009 11:05am
hi people. i've started to follow this thread and I think it is just awesome. I have traded with s&r some times now but I still have learned so much in very short time with reading this thread.

can some1 help me and tell me why my pivot and s&r lines are not at the same place than your orther's. for example my E/U daily pivot is at 1.4666 and S1 is at 1.4612. the indicator is FXI pivots ! hevent use that indicator before . Thank you very much .
  • #4,047
  • Sep 28, 2009 11:15am Sep 28, 2009 11:15am
What time zone are you in ?
You should use GMT for pivots...
Don´t live for working, but work for living.
  • #4,048
  • Sep 28, 2009 11:21am Sep 28, 2009 11:21am
Quoting matsf
What time zone are you in ?
You should use GMT for pivots...

of course ... thank you and sorry about the stupid question my time zone is +2 , but it seems that my daily pivot is really exact right now !
  • #4,049
  • Sep 28, 2009 2:22pm Sep 28, 2009 2:22pm
Quoting SankeX
of course ... thank you and sorry about the stupid question my time zone is +2 , but it seems that my daily pivot is really exact right now !

The originator of this thread, Acumen, found that US close was best for him, & he traded EU.

Ive set up using US close & found this works best for me on MT4 thro Alpari. You need to experiment with times & find which settings suit YOU best. It will vary depending on your platform & which indicator you use.
  • #4,050
  • Sep 29, 2009 12:50am Sep 29, 2009 12:50am
Quoting SankeX
of course ... thank you and sorry about the stupid question my time zone is +2 , but it seems that my daily pivot is really exact right now !
Use alpari or MIG mt4 platform.
  • #4,051
  • Sep 29, 2009 12:58am Sep 29, 2009 12:58am
Good day all

Nice move up and down EU pair asian session. Now, price almost touch intraday trendline.

I'll look for long opportunities if price break trendline and psycho level.
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  • #4,052
  • Sep 29, 2009 1:25am Sep 29, 2009 1:25am
GM all.

My first trade was a sell off the Lower High at the 5950 level just before FO - this was also the second small shooting star on my 15m chart...I had my TP at 5913 and this was a little early as price has now tested the 5900 level.

I've now taken a long looking for a retrace towards the 5925 area and the 30 ema.....this was after a hammer on the 5 min
Trading Levels with WRBs
  • #4,053
  • Sep 29, 2009 1:34am Sep 29, 2009 1:34am
Morning.

I got a little of that first move also, for slightly different reasons. Entry was at break of support on the M1 and exit at the xx25 psych level.
  • #4,054
  • Sep 29, 2009 1:53am Sep 29, 2009 1:53am
Quoting Islander
GM all.

My first trade was a sell off the Lower High at the 5950 level just before FO - this was also the second small shooting star on my 15m chart...I had my TP at 5913 and this was a little early as price has now tested the 5900 level.

I've now taken a long looking for a retrace towards the 5925 area and the 30 ema.....this was after a hammer on the 5 min

I finally exited this trade for about 10 pips at 5917 after too long with cable going sideways on low volume .....I'm now waiting for The Brits....

Edit: LOL - I should have waited - my TP just got hit...
Trading Levels with WRBs
  • #4,055
  • Sep 29, 2009 2:04am Sep 29, 2009 2:04am
I took a sell at the 5925 level / falling 5m 30 ema......tight stop as just before LO, so could go either way....

Edit: a nice drop on higher volume as The Brits came on board.....looking for support around the 5875 level - also todays pivot....
Trading Levels with WRBs
  • #4,056
  • Sep 29, 2009 2:21am Sep 29, 2009 2:21am
Quoting Islander
I took a sell at the 5925 level / falling 5m 30 ema......tight stop as just before LO, so could go either way....

Edit: a nice drop on higher volume as The Brits came on board.....looking for support around the 5875 level - also todays pivot....
Closed in the spike thru the 875 level as the two prior 5 min candles both had downside wicks, the first with high volume and the second lower volume - an indication of some profit taking....
Trading Levels with WRBs
  • #4,057
  • Sep 29, 2009 2:32am Sep 29, 2009 2:32am
The action so far......I'm currently flat.....UK news in an hour.....
Attached Image (click to enlarge)
Click to Enlarge Name: sep 29 cable 5m 0730 gmt.gif Size: 17 KB
Trading Levels with WRBs
  • #4,058
  • Sep 29, 2009 2:33am Sep 29, 2009 2:33am
Quoting Islander
I finally exited this trade for about 10 pips at 5917 after too long with cable going sideways on low volume .....I'm now waiting for The Brits....

Edit: LOL - I should have waited - my TP just got hit...
5925 is s/r showing on 1h as its psych & confluence of 162 fib from low 21/9 to high 23/9 plus M3 pp. Nice trade down from this from gravestone doji 7.55 to todays open 5883. Actually went further but I jumped out on hammer 8.05
  • #4,059
  • Edited 2:51am Sep 29, 2009 2:51am | Edited 2:51am
The last closed 5 min candle was a hammer just spiking under the 5850 with the highest volume so far this morning, so there must be some profit taking / buying taking place .....BUT whilst the Euro's still falling and Dollar via Swissy rising cable will find it difficult to bounce....
Trading Levels with WRBs
  • #4,060
  • Sep 29, 2009 4:00am Sep 29, 2009 4:00am
I am a bit disapointed at not making more pips today. There was a nice LH on cable M5 that proved itself at the 5900 psych level right at LO, and I just watched the market go south. Ah well.......... I hope at least Vantage traded that.
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