Psych Levels, Pivots, and Trendlines - Resurrected | Page 238 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #4,741
  • Dec 18, 2009 1:17am Dec 18, 2009 1:17am
Lower high in downtrend, fall below the 75 level M S1. Exit +30 when 6135-ish held for 2nd time.
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  • #4,742
  • Dec 18, 2009 1:58am Dec 18, 2009 1:58am
Quoting Islander
I had limit orders set and so I'm short actually at the high a couple of hours ago when price spiked up above the 6200 level and then made a Lower High
I got out in the spike under the days open / 6150 levels .....it actually held at the 61.8% retrace of the last rally....
Trading Levels with WRBs
  • #4,743
  • Dec 18, 2009 2:01am Dec 18, 2009 2:01am
Quoting Vantage
Lower high in downtrend, fall below the 75 level M S1. Exit +30 when 6135-ish held for 2nd time.
Nicely done V.....the **35 level often acts like a sweet spot...http://cdn.forexfactory.com/images/icons/icon12.gif

BTW, I also bought the HL off the 1 min and then 5 min charts.....just exited at the DP.......http://cdn.forexfactory.com/images/icons/icon6.gif
Trading Levels with WRBs
  • #4,744
  • Dec 18, 2009 2:06am Dec 18, 2009 2:06am
Quoting Islander
Nicely done V.....the **35 level often acts like a sweet spot...http://cdn.forexfactory.com/images/icons/icon12.gif

BTW, I also bought the HL off the 1 min and then 5 min charts.....just exited at the DP.......http://cdn.forexfactory.com/images/icons/icon6.gif
3 reasons we got out. Overnight family visitors leaving, hit the Asian low (apart from the spike down that was quickly rejected) clearly seen on this 1hr and I'm shortly off out to the shops. Oh number 4 crazy hol pa!!!!!!!!
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  • #4,745
  • Dec 18, 2009 2:18am Dec 18, 2009 2:18am
This is set up I'm getting to like more and more. Vol off 15 min chart and candle analysis.

To left of red up arrow on 15 min a hammer of sorts but a decent lower wick with good vol so someones getting interested. Then a doji on decent vol so sellers struggling.

Move over to 5 min, nice higher low (blue arrow up) entry taken when 6150 tested + rejected moving up. Exit at 6200 (early it seems).

My session target (50 pips) has been hit so I'm happy. Off to shops any minute now and we have people over for lunch and then a friendly game of poker (a game of probabilities like trading).
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  • #4,746
  • Dec 18, 2009 2:37am Dec 18, 2009 2:37am
Quoting Vantage
This is set up I'm getting to like more and more. Vol off 15 min chart and candle analysis.

To left of red up arrow on 15 min a hammer of sorts but a decent lower wick with good vol so someones getting interested. Then a doji on decent vol so sellers struggling.

Move over to 5 min, nice higher low (blue arrow up) entry taken when 6150 tested + rejected moving up. Exit at 6200 (early it seems).

My session target (50 pips) has been hit so I'm happy. Off to shops any minute now and we have people over for lunch and then a friendly game of poker...

Nice analysis V - and good pips banked too - I'm also finished for now, pips are slippery things and best kept safely in my bank http://cdn.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #4,747
  • Dec 21, 2009 9:02pm Dec 21, 2009 9:02pm
  •  Megara
  • | Joined Sep 2009 | Status: MOMENTUM'S THE GODFATHER OF TRADING | 759 Posts
I gaining knowledge from Masters here. From drawing TL, Fibo, candles patterns and how to analyse. Still reading at page 100. Keep this thread alive, Masters. and Merry Christmas and Happy Pipping Year Ahead and Happy Greatest 2010
Shake it off!Lick the Wound,Prey Again!
  • #4,748
  • Dec 22, 2009 4:22pm Dec 22, 2009 4:22pm
Pipmeisters; EV, Vantage & Islander, & any other regular contributors to this great thread - have a great Festive season.

You guys should look at share indices & use your trading & chart analysis for daily trades too. I suspect currency & share carnage in the New Year. Share indices may be bouncing off peaks now. Also waiting for a further gold pullback before takeoff. Could be hitting low now, but may fall to a longer term fib some 100 pips south. Once settled, it could go north 1000 pips but thats fundamentals. Worth checking & plotting lines though.

Have fun
  • #4,749
  • Dec 23, 2009 11:26am Dec 23, 2009 11:26am
To all who contribute to this great thread.....

A VERY MERRY CHRISTMAS TO YOU AND YOURS.

Cheers
  • #4,750
  • Dec 23, 2009 5:04pm Dec 23, 2009 5:04pm
Quoting Vantage
This is set up I'm getting to like more and more. Vol off 15 min chart and candle analysis.
What a clean chart! Im embarrased to show mine here. Very loud compared to these. May i ask what you use to show the S/R pivot levels? The indicator I use seems like it gets in the way with all the lines. thx and happy holidays to all!

bulls
Whats happening in EUR/USD should be happening to you!
  • #4,751
  • Dec 23, 2009 6:39pm Dec 23, 2009 6:39pm
Hi guys and the "regulars" (not that you are not guys )!

Merry Christmas and a very Happy New Year to you and your families! May 2010 be a good year for all of you.
One Chart is Worth Ten Thousand Words.
  • #4,752
  • Dec 24, 2009 3:41am Dec 24, 2009 3:41am
Hi EV, Islander, Forex007 and all the other regulars here...

I haven't posted on this thread for many months now (only because I haven't had enough time to trade the lower timeframes) but I do poke my head in from time to time and I'm glad to see everyone is doing great trading this excellent method. I still take the odd 5m/15m trade when I have time based on what I learned from you guys here.

I just wanted to say Merry Christmas and a Happy New Year to all you guys! Thanks for your guidance and I wish you all the best for 2010.

Regards,

Dan
  • #4,753
  • Dec 24, 2009 3:46am Dec 24, 2009 3:46am
Quoting BullsAndBear
What a clean chart! Im embarrased to show mine here. Very loud compared to these. May i ask what you use to show the S/R pivot levels? The indicator I use seems like it gets in the way with all the lines. thx and happy holidays to all!

bulls
On 15 min I use sdx sweet spots. On 5 min I use pivots (you can adjust the start time, I just happen to use fxpro midnight as my start) and for weekly/monthly pivot points multitime frame. All should be available as attachments on this thread see paper clip top right.
  • #4,754
  • Dec 24, 2009 3:50am Dec 24, 2009 3:50am
I'd also just like to thank all those that make this thread such a nice place to hang out.

Happy holidays, be safe, see you next year, cheers.

Mr + Mrs V.
  • #4,755
  • Dec 25, 2009 11:59am Dec 25, 2009 11:59am
Happy Holidays Everyone and may you have a GREAT NEW YEAR!
  • #4,756
  • Dec 25, 2009 1:22pm Dec 25, 2009 1:22pm

'Twas the night before Christmas in Brooklyn


'Twas the night before Christmas,
Da whole house was mellow,
Not a creature was stirrin',
(I had a gun unda my pillow.)

When up on da roof'
I heard somethin' pound,
I sprung to da window,
To scream, "Ay! Keep it down!"

When what to my
Wanderin' eyes should appear,
But dat hairy elf Vinny,
And eight friggin' reindeer.

Wit' a bad hackin' cough,
And da stencha burped beer,
I knew in a moment
Yo, da Kringle wuz here!

Wit' a slap to dere snouts,
And a yank on dere manes,
He cursed and he shouted,
And he called dem by name.

"Yo Tony, Yo Frankie,
Yo Sally, Yo Vito,
Ay Joey, Ay Paulie,
Ay Pepe, Ay Guido!"

As I drew out my gun
And hid by da bed,
Down came his friggin' boot
On da top a my head.

His eyes were all bloodshot,
His b.o. wuz scary,
His breath wuz like sewage,
He had a mole dat wuz hairy.

He spit in my eye,
And he twisted my head,
He soon let me know
I should consider myself dead.

Den pointin' a fat finga
Right unda my nose,
He let out some gas,
And up da chimney he rose.

He sprang to his sleigh,
Obscenities screaming,
And away dey all flew,
Before he troo dem a beatin'.

But I heard him exclaim,
Or better yet grump,
"Merry Christmas to all, and
Bite me, ya hump!"

Whats happening in EUR/USD should be happening to you!
  • #4,757
  • Dec 29, 2009 1:27am Dec 29, 2009 1:27am
Ho, Ho, Ho.....I hope that Santa has visited all of you guys - and gals - and brought you much Christmas Cheer......here's wishing everyone a Pip-Filled New Year too.....from a still recovering and soon to be dieting

Islander
Trading Levels with WRBs
  • #4,758
  • Dec 29, 2009 3:20am Dec 29, 2009 3:20am
First trade after Xmas was a sell at todays R2 level of 6064, first TP is R1 at 6031, next is the overnight high of 6013.....
Trading Levels with WRBs
  • #4,759
  • Dec 29, 2009 4:20am Dec 29, 2009 4:20am
Quoting Islander
First trade after Xmas was a sell at todays R2 level of 6064, first TP is R1 at 6031, next is the overnight high of 6013.....

The chart with this morning's signals says it all......as I'm still in post Xmas recovery mode, I was late and so only took the sells .....
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #4,760
  • Dec 30, 2009 2:07am Dec 30, 2009 2:07am
GM - I'm long off todays MS1 level of 584.


There was a Higher Low ~an hour before the Frankfurt Open after a small bounce, price pulled back to the MS1, creating another HL....

First target is the DP at 5945.....
Trading Levels with WRBs
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