Psych Levels, Pivots, and Trendlines - Resurrected | Page 226 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #4,501
  • Nov 22, 2009 10:16pm Nov 22, 2009 10:16pm
4hr upper TL holding so far but a strong move up closing just above the immediate range.
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  • #4,502
  • Nov 22, 2009 10:20pm Nov 22, 2009 10:20pm
1hr shows D P and 38% retrace Fri's range around 6540 and 50%, M W3 around the psych level 6575/upper TL, both could be good places to turn, TWT.
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  • #4,503
  • Nov 22, 2009 10:57pm Nov 22, 2009 10:57pm
GM EV - nice trade, V and all....I agree V, I have fibs at 6540, 6567 & 6592.

I've just sold at the DP after the small spike up to the 6550 level and will add if the current break of the 5m 30ema at 6535 is confirmed....
Trading Levels with WRBs
  • #4,504
  • Nov 22, 2009 11:40pm Nov 22, 2009 11:40pm
Quoting Islander
GM EV - nice trade, V and all....I agree V, I have fibs at 6540, 6567 & 6592.

I've just sold at the DP after the small spike up to the 6550 level and will add if the current break of the 5m 30ema at 6535 is confirmed....
That was a wash and I reversed to long when the DP held as support on the 1 min....I'm looking at the 6600 area as a prior support area and fib 38 off the complete fall at 6614......TWT
Trading Levels with WRBs
  • #4,505
  • Nov 23, 2009 12:08am Nov 23, 2009 12:08am
Gone long on cable +20 pips currently no past resistance in the air so it should be clear sailing....

Sailing.....Islander get it?!
  • #4,506
  • Nov 23, 2009 12:22am Nov 23, 2009 12:22am
Quoting Kamikaze456
Gone long on cable +20 pips currently no past resistance in the air so it should be clear sailing....

Sailing.....Islander get it?!
LOL -

I'm out and have reversed small size at the MR1 / top fib DZ at 6592.....I'm ready to add shorts either higher or lower, subject to PA....
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Trading Levels with WRBs
  • #4,507
  • Edited 1:01am Nov 23, 2009 12:36am | Edited 1:01am
Chart for trades so far with the red resistance area as shown on my 30 min chart.....I'm now waiting for the Swissy to get back above its 1.0100 level to confirm dollar strength and help turn cable south

Edit: I should point out that my 5 min EMAAngleZero turned red around mid FH, thus "allowing" me to take a small sized short - so I'm within my Trading Rules.....
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Trading Levels with WRBs
  • #4,508
  • Nov 23, 2009 12:38am Nov 23, 2009 12:38am
A series of buys, no losers so far, this was the last one just taken out at BE, moved stop there at +7.
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  • #4,509
  • Nov 23, 2009 1:19am Nov 23, 2009 1:19am
Quoting Vantage
A series of buys, no losers so far, this was the last one just taken out at BE, moved stop there at +7.

WTG V
Trading Levels with WRBs
  • #4,510
  • Nov 23, 2009 2:22am Nov 23, 2009 2:22am
Further to the above posts where I put up the daily and 4 hr charts etc. As expected from daily, 3 big down days hitting a key level at 6462 so a bounce could be expected.

1hr moved up to hit TL, 50% fib and M M3. It only had a very small move down (about 28 pips) from such a good confluence = more upside to come. Which of course it did.

Small rejects from key areas = move in original direction. Happens time and again and 1 of my fave trades.
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  • #4,511
  • Nov 23, 2009 2:27am Nov 23, 2009 2:27am
I'm out now pending US session.

4hr chart shows area 6612 W P to 6630 19th/20th Nov lots of lower wicks. Prev support now may well be res.
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  • #4,512
  • Nov 23, 2009 2:31am Nov 23, 2009 2:31am
Quoting Kamikaze456
Gone long on cable +20 pips currently no past resistance in the air so it should be clear sailing....

Sailing.....Islander get it?!
You see, this kind of joke could easily make me sick. See, sick get it.

Its all down hill from here, jokes wise.
  • #4,513
  • Nov 23, 2009 2:35am Nov 23, 2009 2:35am
Hi Islander
Missed the divergence sell on your EMA from the res area25 psych level.
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  • #4,514
  • Nov 23, 2009 3:16am Nov 23, 2009 3:16am
Quoting Vantage
Hi Islander
Missed the divergence sell on your EMA from the res area25 psych level.

LOL - I didnt....

I'm now also posting in The Dove Alliance's new thread - as you know, I really like his work which complements the ideas of this thread.....my post there...


"And here's this morning's action.....I'm now short from the push up to the area of the blue dotted R1 level.....interestingly, also in the same area there is a red high volume pivot line from last week......"
Trading Levels with WRBs
  • #4,515
  • Nov 23, 2009 3:25am Nov 23, 2009 3:25am
Quoting Vantage
You see, this kind of joke could easily make me sick. See, sick get it.

Its all down hill from here, jokes wise.
Avast there ye land lubbers no chance even for lilly livered creatures without salt in their veins..... its been like a mill pond here for the last 10 days, no SEAsickness in sight....
Trading Levels with WRBs
  • #4,516
  • Nov 23, 2009 8:13am Nov 23, 2009 8:13am
Came out of my Cable long feeling....well rather nice

+60 pips
  • #4,517
  • Nov 23, 2009 8:32am Nov 23, 2009 8:32am
Quoting Kamikaze456
Came out of my Cable long feeling....well rather nice

+60 pips
Well done - I sold after the housing data and have added when it failed to bounce up to the R1 level. Its been coiling for the past hour, so I have a TP on one position just above the R1 level (590) and will decide later about the other position....we need the dollar to move nort abouve the 100 level in Swissy.....
Trading Levels with WRBs
  • #4,518
  • Nov 23, 2009 9:05am Nov 23, 2009 9:05am
Quoting Islander
Well done - I sold after the housing data and have added when it failed to bounce up to the R1 level. Its been coiling for the past hour, so I have a TP on one position just above the R1 level (590) and will decide later about the other position....we need the dollar to move nort abouve the 100 level in Swissy.....

one position closed, I'm keeping the other open for now....
Trading Levels with WRBs
  • #4,519
  • Nov 23, 2009 9:24am Nov 23, 2009 9:24am
Quoting Islander
one position closed, I'm keeping the other open for now....

I don't really like to keep positions open after London Close

Dunno why....maybe I'm paranoid
  • #4,520
  • Nov 23, 2009 9:45am Nov 23, 2009 9:45am
Quoting Islander
one position closed, I'm keeping the other open for now....
closed half of that in the push to new lows (for this move) at the MR1 level of 6590......stop locking in good profits so I'll take a well earned beer....BFN
Trading Levels with WRBs
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