Psych Levels, Pivots, and Trendlines - Resurrected | Page 287 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #5,721
  • Jan 20, 2011 7:09am Jan 20, 2011 7:09am
Quoting sidefx
EV's wedge playing out, EU short trade plan kicking in now...15min closed right on 75 (Oanda), so further confirmation needed for the short.

Yeah, should have stuck with it, but kicked it into touch instead. See your flag break was halted by the xx00, mate. BIG resistance!
  • #5,722
  • Jan 20, 2011 7:12am Jan 20, 2011 7:12am
Quoting eyevoltage
Yeah, should have stuck with it, but kicked it into touch instead. See your flag break was halted by the xx00, mate. BIG resistance!
Yes mate, was quick to b/e that one.
  • #5,723
  • Jan 20, 2011 7:26am Jan 20, 2011 7:26am
COT data showing big boys are long US$ and short eur so they prob don't want eu going up from here no doubt as some stops could get triggered. TWT.
  • #5,724
  • Jan 20, 2011 7:27am Jan 20, 2011 7:27am
Quoting Vantage
COT data showing big boys are long US$ and short eur so they prob don't want eu going up from here no doubt as some stops could get triggered. TWT.
cheers Vantage, which source do you use for COT?...good job i'm short now Edit: EU just delivered +14 at the DP.
  • #5,725
  • Jan 20, 2011 7:33am Jan 20, 2011 7:33am
Quoting sidefx
cheers Vantage, which source do you use for COT?...good job i'm short now Edit: EU just delivered +14 at the DP.
See under useful links in blog.
  • #5,726
  • Jan 20, 2011 7:36am Jan 20, 2011 7:36am
Quoting Vantage
See under useful links in blog.
.
  • #5,727
  • Jan 20, 2011 7:41am Jan 20, 2011 7:41am
Quoting sidefx
GU short is what i'm seeing setting up next....15min 123, below the DP and 75psych. Initial target S1 conf with 50psych.
...on way to tgt now. edit: all out for +17.3.
  • #5,728
  • Edited 8:00am Jan 20, 2011 7:48am | Edited 8:00am
Quoting sidefx
looks bullish to me, could be on for a measured move type target. How's the ADR looking there atm?...usual disclaimers apply etc!
Quoting eyevoltage
Looks good for a modest rise, but earlier resistance at around xx68 plus the pivot mid-level line might stop it.
sidefx, ev

thanks for your views guys.

took the gbpjpy long at 131.54

sweated out the huge resistance at 131.60 for over an hour.
ultimately pulled out with +5 pips.
now, it's forged ahead to 132.00 !!
a little patience would have seen another 40 pips!

incidentally, the ADR is about 105 and was close to exhaustion at entry, now today's range is 130.

cheers.
  • #5,729
  • Jan 20, 2011 8:01am Jan 20, 2011 8:01am
. watching this
Attached Image (click to enlarge)
Click to Enlarge Name: 20th Jan GU Hrly.PNG Size: 31 KB
  • #5,730
  • Jan 20, 2011 8:04am Jan 20, 2011 8:04am
Quoting pgd
sidefx, ev

thanks for your views guys.

took the gbpjpy long at 131.54

sweated out the huge resistance at 131.60 for over an hour.
ultimately pulled out with +5 pips.
now, it's forged ahead to 132.00 !!
a little patience would have seen another 40 pips!

incidentally, the ADR is about 105 and was close to exhaustion at entry, now today's range is 130.

cheers.
The news at 13:30 was definitely on your side, mate. A crystal ball would have come in handy!!
  • #5,731
  • Jan 20, 2011 9:14am Jan 20, 2011 9:14am
...if we get a close below the DP
Attached Image (click to enlarge)
Click to Enlarge Name: 20th Jan EU Piv 2.PNG Size: 27 KB
  • #5,732
  • Jan 20, 2011 9:44am Jan 20, 2011 9:44am
edit: decided to TP around the RN. +42.
Attached Image
  • #5,733
  • Jan 20, 2011 9:59am Jan 20, 2011 9:59am
Must thank you more experienced guys, first full day of using the Acumen/EV approach and from a slow start took 73 pips in total and relatively stress free...it feels like i'm finally trading a decent plan.
  • #5,734
  • Jan 20, 2011 10:03am Jan 20, 2011 10:03am
Quoting sidefx
edit: decided to TP around the RN. +42.
Nice trade, sidefx. You really like the fibs, don't you? There've been various examples of fib trades on this thread, although to see them, one has to journey back in time, so to speak. I really don't know why we don't see more examples like this one, and I'm as much to blame as anybody else, because I see fib possibilities and then get distracted by other approaches.

Keep 'em coming, mate.
  • #5,735
  • Jan 20, 2011 10:08am Jan 20, 2011 10:08am
Quoting eyevoltage
You really like the fibs, don't you?
... i'll fib anything that swings! It will be a pleasure to keep posting the setups i see, when time allows, I work fulltime too. I only trade EU & GU.
  • #5,736
  • Jan 20, 2011 10:12am Jan 20, 2011 10:12am
Quoting sidefx
... i'll fib anything that swings! It will be a pleasure to keep posting the setups i see, when time allows, I work fulltime too. I only trade EU & GU.
Whenever you get the time, mate.

  • #5,737
  • Edited 5:13pm Jan 20, 2011 10:43am | Edited 5:13pm
...which is also the 38.2 retrace of the last swing (on the 15) Haven't taken this one, just watching and getting more used to the plan.

edit:...batted back by MR1, will it hold price off? probably not...higher price needed for the next leg down...but you never know.
edit: fwiw tgt confluence hit. The plan can still deliver in the 'quieter' times...i've noticed EU during Asia churning out pips albeit much slower PA, but then it's an easier read.
Attached Image (click to enlarge)
Click to Enlarge Name: 20th Jan GU Piv 2.PNG Size: 35 KB
  • #5,738
  • Jan 20, 2011 11:32am Jan 20, 2011 11:32am
Quoting sidefx
...which is also the 38.2 retrace of the last swing (on the 15) Haven't taken this one, just watching and getting more used to the plan.

edit:...batted back by MR1, will it hold price off? probably not...higher price needed for the next leg down...but you never know.
with ADR at 172 for today and a lot of pivots, 23 & 34 fib, 13EMA, 5900 psych around, at this time of day I cant see any more energy in any direction so am shutting down. A lot of time needed for what I believe will be small pips. Too risky after a good day!
  • #5,739
  • Jan 20, 2011 11:42am Jan 20, 2011 11:42am
Quoting Barry Cade
with ADR at 172 for today and a lot of pivots, 23 & 34 fib, 13EMA, 5900 psych around, at this time of day I cant see any more energy in any direction so am shutting down. A lot of time needed for what I believe will be small pips. Too risky after a good day!
Yup, agreed.
  • #5,740
  • Jan 21, 2011 4:05am Jan 21, 2011 4:05am
Out of EU & GU this morning, i'm favouring GU. Interesting hrly pattern and below the DP on the 15, so i'm watching for the short setup.
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Jan GU Hrly.PNG Size: 34 KB
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