Psych Levels, Pivots, and Trendlines - Resurrected

Two indecisive 5min candles... means something bound to happen here..

and found support...

Careful, ADP non farm out in 15 minutes.

Tricky one that one...

7R L/H at 75 level in the market... and under 50 level in the market after pull back...

S1 & triangle projection make this a sensible exit although it may well go further, I didn't pull the trigger because of news.

http://i288.photobucket.com/albums/l...f?t=1294236940

A quick 20 pips here on Aussie, exit was S1/parity confluence

http://i288.photobucket.com/albums/l...f?t=1294245274

Just attaching the chart of what I'm watching right now. A wedge on the 15m EJ running along a mid-point level. Which way will it go? TWT.

TWT favouring down though.

Yep, just what I was thinking, mate.

If gu can turn here theres another nice tl waiting to get broken, hit 5515 maybe just sweeping a few stops before a fall?

That's what I'm looking at Vantage, presuming your talking about the shorter TF, not totally sure about it though

http://i288.photobucket.com/albums/l...f?t=1294321996

Yes that and 15 min just as clear.

With reference to the above, price broke under the wedge and then returned to the mid-point level, and formed a type of shooting-star candle. I ran another TL (very short) and waited to see whether price would break properly this time. I know there was some news around this time, but as I always say, if you stay alert and keep your finger on the mouse, that shouldn't be a problem.
It's looking like I exited prematurely, but after all that waiting, wth.

Nice one. I took that trade too but got stopped out by a pip or two. If you zoom out, E/J has now broken a TL on the hourly, so may be worth holding.

Trade what you see, not what you think.

That gu possible sell, ha. UC was falling like a stone, eu and gu never followed through higher then after 20 mins gu did. I was asleep at the wheel.

UC moved first on the last fall also.

Oh well just + for the day. 2 big opp's missed.

So maybe I'll go watch some tv.

Some "ev-style" trading.

Entry after the pinbar at the 5500 psych-line, first trade stopped out -10 pips.
Second try after next pinbar. This time it worked out.
Entry @ 14, exit at 5550 psych line.

Hey, matsf.....nice trading, mate!

This one is off the 15m EJ chart. A shooting-star/doji type candle (lower shadow a little large though for this type of candle) formed (blue square) right on the main pivot point and was followed by a strong momentum bearish candle. My entry and exit as shown, target being the TL that I drew earlier. Good for a handy 14 pips.

EDIT: I took the 34ema off as it was moving sideways at this time, and I find it a distraction when undertaking trades like the one shown.

I wish I'd spotted this one. A lovely symmetrical triangle pattern and a break upwards. The small blue square highlights the slight retracement after the break and then price headed for the mid-point level before heading south again. Worth roughly 30 pips or so, and a lesson in keeping one's eye out for these opportunities.

Here´s another try.
Bullish engulfing pattern at 5500 psych-line and s/r-area.
Entry and exit as shown.

Hmm, i should work on my exits...
Price goes on and on and on...