Psych Levels, Pivots, and Trendlines - Resurrected | Page 279 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #5,561
  • Edited 11:27am Dec 21, 2010 10:12am | Edited 11:27am
Here's a possible play I'm looking at. The problem is the channel is less than perfect, it has broken down a couple of times only to bounce up hard. That said it is still tempting if there is a clean break down. If it is a wimpy break then I would step aside.

http://i288.photobucket.com/albums/l...f?t=1292947941

This set up has now triggered and I'm in short.
  • #5,562
  • Dec 22, 2010 7:10am Dec 22, 2010 7:10am
Took this one after the rejection @ R1 a nice pin @ RN and the break of the TL.

Happy Christams to all of you.

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  • #5,563
  • Dec 22, 2010 7:15am Dec 22, 2010 7:15am
Sorry just saw that I didnīt mention wich chart it is M15 EUR/USD.
  • #5,564
  • Dec 22, 2010 7:26am Dec 22, 2010 7:26am
I had the same one, nice work

http://i288.photobucket.com/albums/l...f?t=1293024280

My Aussie set up last night failed though.
  • #5,565
  • Dec 22, 2010 8:13am Dec 22, 2010 8:13am
Quoting mysterio
I had the same one, nice work

http://i288.photobucket.com/albums/l...f?t=1293024280

My Aussie set up last night failed though.
Closed at 1.31 and took the bounce for few pips.

Cheers mate.
  • #5,566
  • Dec 22, 2010 8:33am Dec 22, 2010 8:33am
Another entry, lets see if we can make it to S1 at least.

http://i288.photobucket.com/albums/l...f?t=1293028417

Quote
Closed at 1.31 and took the bounce for few pips.

Great trading. Wish I had the nerve to do that!

Stop now at break even on the above trade, I'm going to let it run for a while and see if I get lucky. I have 1.3073 ish as support.
  • #5,567
  • Dec 22, 2010 8:43am Dec 22, 2010 8:43am
Got my few pips and got short again.
See what happens.
Good Luck.
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  • #5,568
  • Dec 22, 2010 8:50am Dec 22, 2010 8:50am
Just for fun here's my end of the year prediction, I don't think I've ever predicted anything on the longer time frames with any degree of accuracy though... !

http://i288.photobucket.com/albums/l...f?t=1293029400
  • #5,569
  • Dec 22, 2010 1:27pm Dec 22, 2010 1:27pm
Lost momentum, got stopped out.

Greed is a bad habit.
  • #5,570
  • Dec 22, 2010 3:01pm Dec 22, 2010 3:01pm
Rednose and mysterio........great stuff and very useful information for those of us who never stop learning!!

I've been out all afternoon, into the early evening, involved with the Christmas shopping madness. I guess I'll be too busy now until after the festive season, so I'll just wish you all a very happy and peaceful Christmas.
God bless you.
  • #5,571
  • Dec 22, 2010 3:15pm Dec 22, 2010 3:15pm
Quoting eyevoltage
Rednose and mysterio........great stuff and very useful information for those of us who never stop learning!!

I've been out all afternoon, into the early evening, involved with the Christmas shopping madness. I guess I'll be too busy now until after the festive season, so I'll just wish you all a very happy and peaceful Christmas.
God bless you.
Thank you very much EV!! God Bless you and your beloved ones.

Merry Christmas.
  • #5,572
  • Dec 22, 2010 4:51pm Dec 22, 2010 4:51pm
Rednose, I was stopped out (break even) too, I've not had much luck this week so time to relax and enjoy the Christmas period, I think i'll put my energies towards making mince pies instead.

Happy Christmas to you all and enjoy time with your families or whatever you plan on doing.

Looking forward to getting stuck in next year and sharing ideas. As someone who is fairly new to this game, around what date do volumes pick up and "normal activity" resume? 3rd of January or the week after perhaps?
  • #5,573
  • Dec 22, 2010 5:03pm Dec 22, 2010 5:03pm
Quoting mysterio
Rednose, I was stopped out (break even) too, I've not had much luck this week so time to relax and enjoy the Christmas period, I think i'll put my energies towards making mince pies instead.

Happy Christmas to you all and enjoy time with your families or whatever you plan on doing.

Looking forward to getting stuck in next year and sharing ideas. As someone who is fairly new to this game, around what date do volumes pick up and "normal activity" resume? 3rd of January or the week after perhaps?
Hello Mysterio,
This was a very challenging week in your own words I couldnīt have said it better. You are totally right, itīs time to enjoy our families and this wonderful journey called life.
Thank you for your good wishes, may God be with you and your Family.
  • #5,574
  • Dec 29, 2010 12:46pm Dec 29, 2010 12:46pm
Hello folks, I hope you all had a good one and are enjoying some time off.

I spotted this today, pick your exit.

http://i288.photobucket.com/albums/l...f?t=1293648336
  • #5,575
  • Dec 29, 2010 1:00pm Dec 29, 2010 1:00pm
Another trend line break with divergence, this pattern happens frequently. It is my favourite set up and I would go as far as saying it is over 85% effective.

http://i288.photobucket.com/albums/l...f?t=1293649148
  • #5,576
  • Dec 29, 2010 2:27pm Dec 29, 2010 2:27pm
Good stuff, mate, and I hope you had a good Christmas. I, on the other hand, ended up with a bad back and a frozen water pipe, but not necessarily in that order!!

Anyway, on to more serious matters.....this is a lovely bullish flag set-up that crops up time and time again. Additionally, it formed on a pivot mid-point level! Wonderful! Looks too simple to work, but work it does. As mysterio said earlier......pick your exit. A potential tally of anywhere between 30 to 70-odd pips.

And I was elsewhere, doing summat else!!

Good luck to us all in the new year.
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  • #5,577
  • Dec 29, 2010 2:44pm Dec 29, 2010 2:44pm
Hey guys! Nice to see you back, I hope you had a blessed Christmas full of love and Happiness.
oops! sorry to hear about your back, get well soon EV!
  • #5,578
  • Dec 29, 2010 3:52pm Dec 29, 2010 3:52pm
Quoting Rednose
Hey guys! Nice to see you back, I hope you had a blessed Christmas full of love and Happiness.
oops! sorry to hear about your back, get well soon EV!
Not so bad now, thanks, mate. Just one of those things that always happens at the worst time. I happened to be cooking Christmas dinner at the time!! Still, the meal turned out to be fine, but my back was hurting like hell until the evening of Boxing Day.
Plus a frozen water pipe. I must have pissed on a witch recently, but I can't for the life of me remember when!!
  • #5,579
  • Dec 29, 2010 3:59pm Dec 29, 2010 3:59pm
Quoting eyevoltage
Not so bad now, thanks, mate. Just one of those things that always happens at the worst time. I happened to be cooking Christmas dinner at the time!! Still, the meal turned out to be fine, but my back was hurting like hell until the evening of Boxing Day.
Plus a frozen water pipe. I must have pissed on a witch recently, but I can't for the life of me remember when!!
Good to hear it. Apply some warm on it. When such things happens they come all together. Well next year should be better!

Peace be with you brother.
  • #5,580
  • Dec 30, 2010 4:48am Dec 30, 2010 4:48am
Morning, folks.
This trade was initiated by a large harami candle forming (in the blue square) right on the confluence of the 34ema and the mid-point level. The small trendline was necessary to give me some point of reference regarding an entry point. The strong momentum candle didn't quite reach the pivot line, so after a short waiting period, I bailed out.
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