Psych Levels, Pivots, and Trendlines - Resurrected | Page 236 | 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

  • #4,701
  • Dec 14, 2009 1:51am Dec 14, 2009 1:51am
GM I see that mid way through the Asian Session there was a nice push down to just under the 6200 level - actually to S1 - where it remained for half an hour before exploding up in a 125 pip rally that stopped at the 6325 level, what a great opportunity for those that were awake...

Again it hung around that level for half an hour, before putting in a LH and so a sell signal 45 mins before FO......I duely got short a little late, but still banked good pips before price stopped at 6015 10 mins after FO.

After 15 mins of chop around this level there was a 1 min HL which I bought, looking for a retrace to the 30 ema which is currently at the DP....
Trading Levels with WRBs
  • #4,702
  • Dec 14, 2009 7:12am Dec 14, 2009 7:12am
The 6215 area has held four times since its first test early in Frankies Hour, but so far price has also held in a narrow range under the DP at 6264.

I took a buy off the HL that 20 mins ago held above the now rising 30ema....a classic signal....now to see if the NY traders agree....
Trading Levels with WRBs
  • #4,703
  • Dec 14, 2009 9:02am Dec 14, 2009 9:02am
Quoting Islander
The 6215 area has held four times since its first test early in Frankies Hour, but so far price has also held in a narrow range under the DP at 6264.

I took a buy off the HL that 20 mins ago held above the now rising 30ema....a classic signal....now to see if the NY traders agree....
LOL - well they have'nt yet....the DP held again and so I got out for a couple of pips

Now will the main NY markets start a move....TWT
Trading Levels with WRBs
  • #4,704
  • Dec 14, 2009 11:59pm Dec 14, 2009 11:59pm
After three D dojis finally an upday. 4hr TL held over Asian session.

I understand COT shows big dogs long US $ positions falling from +34% to +18%.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Dec. 15 07.50.gif Size: 27 KB
  • #4,705
  • Dec 15, 2009 12:59am Dec 15, 2009 12:59am
The Days Open level of 6311 held 3 times overnight, the last test was 2 hours ago, after which it dropped to the DP at 6274 which is currently acting as support.

My overnight limit sell just under yesterdays high of 6324 wasnt hit, so I've entered a short manually, expecting the DP to break - TWT and if I'm wrong, then I'll reverse to long on a confirmed break of the downward sloping 30 ema...
Trading Levels with WRBs
  • #4,706
  • Dec 15, 2009 1:13am Dec 15, 2009 1:13am
The DP held and so I took a long, just exited in the spike up to the days open....watching PA around this level for the next signal...
Trading Levels with WRBs
  • #4,707
  • Dec 15, 2009 1:21am Dec 15, 2009 1:21am
We got a buy in at 6285 on the close of the big engulfing (1min chart) candle. Exited just below 6300 when 4 hr upper TL held.

PA a bit wierd for us from Y we are trading one third normal lots.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 14 KB
  • #4,708
  • Dec 15, 2009 1:25am Dec 15, 2009 1:25am
Quoting Islander
The DP held and so I took a long, just exited in the spike up to the days open....watching PA around this level for the next signal...
I sold the break of the 6300 level, exiting partials at the 30 ema for a few more pips
Trading Levels with WRBs
  • #4,709
  • Edited 1:29am Dec 15, 2009 1:27am | Edited 1:29am
Quoting Vantage
We got a buy in at 6285 on the close of the big engulfing (1min chart) candle. Exited just below 6300 when 4 hr upper TL held.

PA a bit wierd for us from Y we are trading one third normal lots.
GM V - LOL, its a bit wierd for me too......lets hope todays data provides some direction and volatility....meanwhile I'm happy to bank 15 - 20 pips a go
Trading Levels with WRBs
  • #4,710
  • Dec 15, 2009 2:04am Dec 15, 2009 2:04am
Quoting Islander
GM V - LOL, its a bit wierd for me too......lets hope todays data provides some direction and volatility....meanwhile I'm happy to bank 15 - 20 pips a go

I sold after the fake-out of 10 pips above the days open level....
Trading Levels with WRBs
  • #4,711
  • Dec 15, 2009 2:08am Dec 15, 2009 2:08am
Quoting Islander
I sold after the fake-out of 10 pips above the days open level....

I set my TP a few pips above todays MS1 level of 6249.....The Brits pushed it down to 6250.....
Trading Levels with WRBs
  • #4,712
  • Dec 15, 2009 4:02am Dec 15, 2009 4:02am
Quoting Islander
I set my TP a few pips above todays MS1 level of 6249.....The Brits pushed it down to 6250.....
Nice one.

We had another buy after the hammer around 6294 and exited when W P at 6318 failed. Went out to shops after that just got back, and whilst its not much I might call it a day until after US tic data this pm.
  • #4,713
  • Dec 15, 2009 4:57am Dec 15, 2009 4:57am
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
Hello Trading Masters,
This is out of topic a little.
Do you always have connection problem with Oanda?
Asian session rarely but starting European and NY session seems always thru my own observation
Shake it off!Lick the Wound,Prey Again!
  • #4,714
  • Dec 15, 2009 6:47am Dec 15, 2009 6:47am
Hey V - its a pity we dont usually watch the Euro.....thos morning's leaked news gave some great entries....
Attached Image (click to enlarge)
Click to Enlarge Name: dec 15 eur 5m 1100 gmt.gif Size: 19 KB
Trading Levels with WRBs
  • #4,715
  • Dec 15, 2009 9:04am Dec 15, 2009 9:04am
Quoting Islander
Hey V - its a pity we dont usually watch the Euro.....thos morning's leaked news gave some great entries....
I've gotta put eu back up???
  • #4,716
  • Dec 16, 2009 12:59am Dec 16, 2009 12:59am
A narrow ranged Asian Session, with a small move up half an hour ago to test the top of the range at 6275. Support at 6250 and then just above the MS1 level of 6233.

I have a Buy off the 250 level / rising 30 ema.....lets see what The frankfurters do....
Trading Levels with WRBs
  • #4,717
  • Dec 16, 2009 1:23am Dec 16, 2009 1:23am
Quoting Islander
A narrow ranged Asian Session, with a small move up half an hour ago to test the top of the range at 6275. Support at 6250 and then just above the MS1 level of 6233.

I have a Buy off the 250 level / rising 30 ema.....lets see what The Frankfurters do....

LOL - not a lot and they only pushed it up a little to make a Lower High, so I banked a few pips and reversed to short after the Swissy got above its 400 level...

Its looking like it will be hard work squeezing pips from the market today....
Trading Levels with WRBs
  • #4,718
  • Dec 16, 2009 1:39am Dec 16, 2009 1:39am
Quoting Islander
LOL - not a lot and they only pushed it up a little to make a Lower High, so I banked a few pips and reversed to short after the Swissy got above its 400 level...

Its looking like it will be hard work squeezing pips from the market today....
LOL and it is hard work....I've closed that short and banked a few more pips after it stalled in the over-night range

Hit and run for 10 - 15 pips is all I can see for now...
Trading Levels with WRBs
  • #4,719
  • Dec 16, 2009 1:51am Dec 16, 2009 1:51am
im in long in pound/$ has broken the trendline with a strong bullish engulfing, here's the chart
Attached Image (click to enlarge)
Click to Enlarge Name: pivot gbp.gif Size: 24 KB
  • #4,720
  • Dec 16, 2009 2:07am Dec 16, 2009 2:07am
Quoting bksujal
im in long in pound/$ has broken the trendline with a strong bullish engulfing, here's the chart

I can see your bullish engulfing candle.....however, it didnt actually break out of the overnight range AND the following red candle had higher volume.

IMO I would value a break of the 6275 resistance area far more than a break of the rather short TL.....so far I have no opinion on the direction of this mornings move and I've made half of my minimum daily target just by trading the range that I mentioned in my first post.....I'm currently flat, waiting to see what The Brits do....

Good luck with your trade
Trading Levels with WRBs
4 traders viewing now