Psych Levels, Pivots, and Trendlines - Resurrected | Page 230 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #4,581
  • Nov 26, 2009 2:44am Nov 26, 2009 2:44am
GM to all, I have a short question about the correct pivots being used. I have collected some pivot ex. indicators here on FF, but I need a definite precise GMT time / or adaptable one. What do you use ?

Islander or eyevoltage, it would be very nice if you could find the time to post your indicator, if possible not just showing daily PP, but weekly, monthly, and M and S/R lines.

Very good thread, thanks to all....

P.S. In the 1MIN chart above, which indicator is in use ?
Be like water.
  • #4,582
  • Nov 26, 2009 2:49am Nov 26, 2009 2:49am
Quoting msmarple
GM to all, I have a short question about the correct pivots being used. I have collected some pivot ex. indicators here on FF, but I need a definite precise GMT time / or adaptable one. What do you use ?

Islander or eyevoltage, it would be very nice if you could find the time to post your indicator, if possible not just showing daily PP, but weekly, monthly, and M and S/R lines.

Very good thread, thanks to all....

P.S. In the 1MIN chart above, which indicator is in use ?
This one is adjustable I use fxpro's midnight time works well for UK session. You can change for any start time you like. For weekly monthly I use pivots multitime. The 1 min is a Hull setting 24.
Attached File(s)
File Type: ex4 Pivots.ex4   22 KB | 322 downloads
File Type: ex4 Pivot Points Multitimeframe.ex4   50 KB | 350 downloads
File Type: ex4 HullMA Modified.ex4   7 KB | 316 downloads
  • #4,583
  • Nov 26, 2009 2:56am Nov 26, 2009 2:56am
OK sanity has prevailed we have come a long way to this lower TL so I am out of last sell +9. Can't expect this to go on forever.

A good morning so I might just go and put my feet up, have a nice cuppa tea and watch some telly.
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  • #4,584
  • Nov 26, 2009 3:02am Nov 26, 2009 3:02am
Quoting msmarple
Very interesting.... may I ask why you use specifically the 13 and 14 EMA`s, reading through many threads like THV or Trendman Scalping left the impression to me that trading on lower timeframes requires an almost high-tech multiindicator approach......

Any comment appreciated, I admire trading with simple but effective strategies....
You won't see much in the way of indicators on this thread. I do have the smcscalper signals on my charts. I don't use them specifically to trade but they do have audible alerts that I find useful and they often can have signals in and around areas I'm interested in.
  • #4,585
  • Nov 26, 2009 3:06am Nov 26, 2009 3:06am
Now that was a fast response.....great, thank you !

Be like water.
  • #4,586
  • Nov 26, 2009 3:09am Nov 26, 2009 3:09am
Quoting msmarple
Now that was a fast response.....great, thank you !

  • #4,587
  • Nov 26, 2009 3:15am Nov 26, 2009 3:15am
Islander said 6500, don't go against his comments in a hurry.

Surely we're stopping here!!!! Important level, 6500, S2, fib ext.
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  • #4,588
  • Nov 26, 2009 3:25am Nov 26, 2009 3:25am
Quoting Vantage
Islander said 6500, don't go against his comments in a hurry.

Surely we're stopping here!!!! Important level, 6500, S2, fib ext.
LOL - and yes the 6500 / S2 level .....and I couldnt resist a cheeky long and pirated a few more pips.....it really has been "one of those days" and quite deserving of a "Bravado" response......
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Trading Levels with WRBs
  • #4,589
  • Nov 26, 2009 3:31am Nov 26, 2009 3:31am
A couple of trades on cable this morning. Not often I can grab such opportunities first thing in the morning, so these came as a nice surprise.
Pretty self-explanatory really as I like to keep things as simple as possible!
Good stuff from Islander and Vantage again this morning. Always a pleasure to read.
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  • #4,590
  • Nov 26, 2009 3:41am Nov 26, 2009 3:41am
Nice trades EV always good stuff. Islander cheers man you're a freak of nature (I mean that in the nicest possible way).

OK guys I think I'm outta here, finally got round to that cuppa, a very nice morning indeed.

I have no idea what to expect from US session I'll leave charts up I think but doubt if I'll really take much interest.

Cheers, love this thread!! You might have guessed!!
  • #4,591
  • Nov 26, 2009 3:50am Nov 26, 2009 3:50am
Quoting Vantage
Nice trades EV always good stuff. Islander cheers man you're a freak of nature (I mean that in the nicest possible way).

OK guys I think I'm outta here, finally got round to that cuppa, a very nice morning indeed.

I have no idea what to expect from US session I'll leave charts up I think but doubt if I'll really take much interest.

Cheers, love this thread!! You might have guessed!!
Can we expect much activity on Thanksgiving? Any opinions?
  • #4,592
  • Nov 26, 2009 3:52am Nov 26, 2009 3:52am
Thanks EV - glad to see that you picked up some pips too....

Here's my chart - when you get super moves like this, the fast MA - here its the 30 EMA with the 5m 30 shown as the magenta 150 EMA - often acts to hold the move, so each grey area was around "a level" and price moved sideways, working off its short term oversold condition before continuing its move south.

The Angle indy stayed green - i.e. oversold for a long time and only become useful when it started to show bullish divergence as the momentum started to fall off...that can easily be seen by the smaller ammounts of the last three pushes down, the indy just draws attention to what the PA is showing.....
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Trading Levels with WRBs
  • #4,593
  • Nov 26, 2009 4:01am Nov 26, 2009 4:01am
Quoting eyevoltage
Can we expect much activity on Thanksgiving? Any opinions?
In spite of the big moves, I'm only seeing average volumes and I'd expect these to drop off after lunch. The hourly looks like closing as a graveyard doji and I'm thinking that a pull back to the 660 area is likely.

Eitherway, I'm finished for now and will pop by after lunch....
Trading Levels with WRBs
  • #4,594
  • Nov 26, 2009 4:21am Nov 26, 2009 4:21am
Quoting Islander
In spite of the big moves, I'm only seeing average volumes and I'd expect these to drop off after lunch. The hourly looks like closing as a graveyard doji and I'm thinking that a pull back to the 660 area is likely.

Eitherway, I'm finished for now and will pop by after lunch....
Islander, the hourly finished as a hammer with a very long lower shadow, which could confirm your theory about the pull-back to the 660 area, except that it has to get through a mid-point/psych-line confluence first. TWT.
Maybe CUL.
  • #4,595
  • Nov 27, 2009 12:12am Nov 27, 2009 12:12am
4hr shows some target areas 6348 and 6270/80, these general areas I also saw on daily as psych levels/turning points.
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  • #4,596
  • Nov 27, 2009 1:04am Nov 27, 2009 1:04am
1st trade of day, in downtrend lower high reject of 25 psych level, shooting star. We'll see what happens if we get to 6375.
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  • #4,597
  • Nov 27, 2009 1:41am Nov 27, 2009 1:41am
Exit 100+ at 62% ext of y's range just on the even number. We have people coming for the weekend so need to do some shopping etc etc.

Good luck for the rest of the days trading.
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  • #4,598
  • Nov 27, 2009 1:45am Nov 27, 2009 1:45am
Nice one V. Got late to my desk, saw cable tanking fast already 200+ pips today!
  • #4,599
  • Nov 28, 2009 1:44am Nov 28, 2009 1:44am
Quoting Vantage
4hr shows some target areas 6348 and 6270/80, these general areas I also saw on daily as psych levels/turning points.
We did turn at 6270 right on the W and M pivots and psych areas where price turned previously.
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  • #4,600
  • Nov 28, 2009 1:50am Nov 28, 2009 1:50am
Weekly finished on a classic doji. Daily a massive hammer closing on lower TL.

Obviously this can either be a test of TL and go lower Monday or a continuation up.

I favour up but Mondays PA will confirm one way or the other.
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