Psych Levels, Pivots, and Trendlines - Resurrected | Page 221 | 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

  • #4,401
  • Edited 1:21am Nov 17, 2009 12:56am | Edited 1:21am
6800 (well 6797) is also 38% retrace of y's range. 4hr chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 14 KB
  • #4,402
  • Nov 17, 2009 1:22am Nov 17, 2009 1:22am
1st trade of morning. A little late on entry after the hammer on 5 min, 6717, just exited when stalled at M R1. Perhaps early no doubt but hoping for retrace and a buy a little lower, we'll see. 1hr and 5 min attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5.gif Size: 17 KB
Click to Enlarge Name: 6.gif Size: 17 KB
  • #4,403
  • Nov 17, 2009 1:49am Nov 17, 2009 1:49am
Quoting Vantage
1st trade of morning. A little late on entry after the hammer on 5 min, 6717, just exited when stalled at M R1. Perhaps early no doubt but hoping for retrace and a buy a little lower, we'll see. 1hr and 5 min attached.
GM V - I saw that too as a HL and got my entry at 6810.....only in my early morning pre caffine fix state I hit the sell instead od buy...http://cdn.forexfactory.com/images/icons/icon11.gif - so I've kept that for now and also went long at 6820 - just closed

I'm looking for a pull back towards the 6825 / 5m 30ema or lower to get out for a small loss - with data and BOE this morning I rather not be holding underwater positions.....

PS Mrs I has just brought me my first coffee of the day - this will ensure a vast improvement in my trading ability....
Trading Levels with WRBs
  • #4,404
  • Nov 17, 2009 2:45am Nov 17, 2009 2:45am
Quoting Islander
I'm looking for a pull back towards the 6825 / 5m 30ema or lower to get out for a small loss - with data and BOE this morning I rather not be holding underwater positions.....
Bought 6835 after 5 min hammer but took out at BE. Will prob wait now till news for further trades, we'll see. Time for some tea!!

PS No biscuits diets working well!!
  • #4,405
  • Nov 17, 2009 2:49am Nov 17, 2009 2:49am
[quote=Islander;3238050]GM V - I saw that too as a HL and got my entry at 6810.....only in my early morning pre caffine fix state I hit the sell instead od buy...http://cdn.forexfactory.com/images/icons/icon11.gif - so I've kept that for now and also went long at 6820 - just closed

I'm looking for a pull back towards the 6825 / 5m 30ema or lower to get out for a small loss - with data and BOE this morning I rather not be holding underwater positions.....

PS Mrs I has just brought me my first coffee of the day - this will ensure a vast improvement in my trading ability....[/quote]

and it did......I sold the 1 min LH just after LO, exiting as price pushed down towards the days open level at 6817.....I'll now trade reduced size - if at all - until the data / BOE stuff's out....
Trading Levels with WRBs
  • #4,406
  • Nov 17, 2009 6:28am Nov 17, 2009 6:28am
After the data - which was in line with the estimates - there was a fakeout push up which failed to touch yesterdays high.

Then there was a clear double top on the 1 min chart which I sold before I went out. I put my TPO just above todays DP at 6787 and have just got back to find that I've banked some great pips.

Also, I see that the dollar aka Swissy is now almost 100 pips above its hourly high volume pivot that I discussed elsewhere, confirming the accumulation shown by the market profile indicator.....I'm seeing the bears awaking from their slumber.....
Trading Levels with WRBs
  • #4,407
  • Nov 17, 2009 6:32am Nov 17, 2009 6:32am
Quoting Islander
After the data - which was in line with the estimates - there was a fakeout push up which failed to touch yesterdays high.

Then there was a clear double top on the 1 min chart which I sold before I went out....
Hi Islander
thanks a lot for the template and the indicator..will check it out ur secret formula ...
thanks
  • #4,408
  • Nov 17, 2009 7:12am Nov 17, 2009 7:12am
Islander .. i just loaded the template for yours it comes with error that it cannot find T3MA indicator.. i downloaded that indicator from another thread but i can't see any moving avg both in 1m and 5m chart
would u mind what MA u r using in 1m chart and 5m chart the settings?

thanks
  • #4,409
  • Nov 17, 2009 7:14am Nov 17, 2009 7:14am
Quoting hoichoi
Islander .. i just loaded the template for yours it comes with error that it cannot find T3MA indicator.. i downloaded that indicator from another thread but i can't see any moving avg both in 1m and 5m chart
would u mind what MA u r using in 1m chart and 5m chart the settings?

thanks
See his posts 10 Nov for set up and what he looks for.

Great trade by the way Islander.
  • #4,410
  • Nov 17, 2009 7:21am Nov 17, 2009 7:21am
Quoting Vantage
See his posts 10 Nov for set up and what he looks for.

Great trade by the way Islander.
Thanks V and for the info its actually on Page 289 - loads of posts that covered most of what I do.......
Trading Levels with WRBs
  • #4,411
  • Nov 17, 2009 7:33am Nov 17, 2009 7:33am
I know the thread number but T3MA has two settings to put one is
which is
Periods
VolumeFactor


Islander metniond that he use Faster and slowerema .. just wondering what will be the settings for volume factor.. for faster and slower .. ..

thanks
  • #4,412
  • Nov 17, 2009 10:55am Nov 17, 2009 10:55am
Quoting hoichoi
I know the thread number but T3MA has two settings to put one is
which is
Periods
VolumeFactor


Islander metniond that he use Faster and slowerema .. just wondering what will be the settings for volume factor.. for faster and slower .. ..

thanks
I dont ever remember using / posting with a T3MA......I just use EMAs
Trading Levels with WRBs
  • #4,413
  • Nov 17, 2009 12:59pm Nov 17, 2009 12:59pm
Hey,


Just wanted to let you know that I now post some analysis & signals on my blog...I also provide some weekly lessons for free...

It's free......ad free, I'm making no money off it I just wish to help those that would like my help...

Check it out guys

http://kamikaze4forex.blogspot.com/

Cheers
  • #4,414
  • Nov 18, 2009 12:35am Nov 18, 2009 12:35am
Daily closed yesterday with a doji suggesting a fall. I have put in 3 psych levels that have proven important. Not shown is fibs from 12 Nov low to high and 6742 is 38% and lower TL is just about 50% retrace.

The high/double top will obviously be important and thereafter high at 7037.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
  • #4,415
  • Nov 18, 2009 12:39am Nov 18, 2009 12:39am
My 1 hr with todays pivots and weekly monthly pivots in. 4hr last closed candle was solid pos close with little upper wick and sitting on lower TL.

Looks like up still to me (despite the above doji on daily) so far but MPC minutes in 3 hours may be what moves market, we'll see. Damn crystal ball broke again.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 17 KB
  • #4,416
  • Nov 18, 2009 12:40am Nov 18, 2009 12:40am
Quoting Kamikaze456
Hey,


Just wanted to let you know that I now post some analysis & signals on my blog...I also provide some weekly lessons for free...

It's free......ad free, I'm making no money off it I just wish to help those that would like my help...

Check it out guys

http://kamikaze4forex.blogspot.com/

Cheers
Please post more of your pivot/supp res area trades here if you like.
  • #4,417
  • Nov 18, 2009 1:08am Nov 18, 2009 1:08am
GM all - another flat Asian Session. For cable, we currently have a buy from about 3 hours ago with a 5 min double bottom at the MS1 level of 6782. However, yesyerday the Euro was much better to trade with ~200 pip range vs cable at ~120 pips, so today I'll also trade € and that means looking at the Swissy which is just testing its DP.

I'm looking at selling € above 4900 and cable ~ its MR1 at 840....
Trading Levels with WRBs
  • #4,418
  • Nov 18, 2009 1:17am Nov 18, 2009 1:17am
Quoting Islander
GM all - another flat Asian Session. For cable, we currently have a buy from about 3 hours ago with a 5 min double bottom at the MS1 level of 6782. However, yesyerday the Euro was much better to trade with ~200 pip range vs cable at ~120 pips, so today I'll also trade € and that means looking at the Swissy which is just testing its DP.

I'm looking at selling € above 4900 and cable ~ its MR1 at 840....
I've taken both entries - small size as its against the rising 5m 30 emas and above their DPs http://cdn.forexfactory.com/images/icons/icon11.gif .......I'll add when these are broken....or my tight stops will get hit.....TWT
Trading Levels with WRBs
  • #4,419
  • Nov 18, 2009 1:32am Nov 18, 2009 1:32am
Quoting Islander
I've taken both entries - small size as its against the rising 5m 30 emas and above their DPs http://cdn.forexfactory.com/images/icons/icon11.gif .......I'll add when these are broken....or my tight stops will get hit.....TWT
Took my usual FH hit and run 20 pips out of cable and also exited € when it hit its 30 ema.......with the BOE in a couple of hours I wont be holding just pirating pips....
Trading Levels with WRBs
  • #4,420
  • Edited 1:55am Nov 18, 2009 1:46am | Edited 1:55am
Quoting Vantage
Please post more of your pivot/supp res area trades here if you like.

Oh of course Vantage...This is the place what I meant to say is that i will be posting trades here but also on my blog....Hopefully the weekly lessons that I give might help someone...

Talk about a trade I've seen a lovely tester happening wthin an esatblished trend....I've taken it... Not too sure but if I see an opposing tester of some sort I'll will get out, becuase of yesterdays harsh moves I doubt will see some heavy moves in the same direction...So theres really only two ways choppy or up....
(Unless the news messes it up)

TP+50-60 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 18th november analysis.gif Size: 37 KB
7 traders viewing now