Psych Levels, Pivots, and Trendlines - Resurrected | Page 288 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #5,741
  • Jan 21, 2011 4:11am Jan 21, 2011 4:11am
Theres a nice tl break on eur lining up, Y's high + 75 level proving tough atm. Easily seen on your 15 min.
  • #5,742
  • Jan 21, 2011 4:22am Jan 21, 2011 4:22am
Quoting Vantage
Theres a nice tl break on eur lining up, Y's high + 75 level proving tough atm. Easily seen on your 15 min.
.

Do you mean this one?...
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Jan EU 15m TLB.PNG Size: 38 KB
  • #5,743
  • Jan 21, 2011 4:26am Jan 21, 2011 4:26am
Quoting sidefx
.
Sell stop at 20.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 17 KB
  • #5,744
  • Jan 21, 2011 4:28am Jan 21, 2011 4:28am
Quoting Vantage
Sell stop at 20.
cheers mate, got it ...i've not been using TLs much, another tool in the bag for the plan
  • #5,745
  • Jan 21, 2011 4:28am Jan 21, 2011 4:28am
Quoting Vantage
Sell stop at 20.
Upper back of tl break has been tested already, we are on 5 min lh so stop is pretty tight.
  • #5,746
  • Jan 21, 2011 4:35am Jan 21, 2011 4:35am
Quoting Vantage
Upper back of tl break has been tested already, we are on 5 min lh so stop is pretty tight.
But we are getting into poss quiet time so if nothing happens soon I'll delete sell stop.
  • #5,747
  • Jan 21, 2011 4:36am Jan 21, 2011 4:36am
Quoting Vantage
Upper back of tl break has been tested already, we are on 5 min lh so stop is pretty tight.
...am i right in thinking your 5min entries are usually at market rather than stops?...seem to remember you like to make sure the 5m entry candle 'fits'
  • #5,748
  • Jan 21, 2011 4:41am Jan 21, 2011 4:41am
..EU 'helicopter view'...fibs again ...bullish until 38.2 broken (hrly close below).
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Jan EU Hrly.PNG Size: 33 KB
  • #5,749
  • Jan 21, 2011 4:42am Jan 21, 2011 4:42am
Quoting sidefx
...am i right in thinking your 5min entries are usually at market rather than stops?...seem to remember you like to make sure the 5m entry candle 'fits'
Yes correct.

We have had extremely poor platform performance very slow. Thought it was internet connection but spent yesterday re-loading everything and it looks like I had downloaded some or other indi computer didn't like. Anyway I was having to use pending orders.

Now platform is working 100% again.

Sell stop going to be deleted now.
  • #5,750
  • Jan 21, 2011 4:52am Jan 21, 2011 4:52am
Quoting Vantage
Yes correct.

We have had extremely poor platform performance very slow. Thought it was internet connection but spent yesterday re-loading everything and it looks like I had downloaded some or other indi computer didn't like. Anyway I was having to use pending orders.

Now platform is working 100% again.

Sell stop going to be deleted now.
...technology Glad you're sorted now.
  • #5,751
  • Edited 7:17am Jan 21, 2011 6:59am | Edited 7:17am
...really liked the look of the harami around the RN and fib confluence for entry and then drilled down on PA around the potential barriers (exclamation marks in chart). Lunchtime.
Attached Image (click to enlarge)
Click to Enlarge Name: 21st Jan GU Piv 1.PNG Size: 31 KB
  • #5,752
  • Jan 24, 2011 4:53am Jan 24, 2011 4:53am
...i took a snapshot of EU earlier for my personal trading log, to capture some reasoning for not taking a weaker looking setup...DP harami but prints indecision on close, psych line barrier (75) not too far away and S/R switch zone not far beyond towards the round number...i'd have been more tempted to enter (smaller stakes) if the harami had been more bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: 24th Jan EU Piv 1.PNG Size: 34 KB
  • #5,753
  • Jan 24, 2011 5:15am Jan 24, 2011 5:15am
Quoting sidefx
...i took a snapshot of EU earlier for my personal trading log, to capture some reasoning for not taking a weaker looking setup...DP harami but prints indecision on close, psych line barrier (75) not too far away and S/R switch zone not far beyond towards the round number...i'd have been more tempted to enter (smaller stakes) if the harami had been more bullish.
I too have been watching that, and it was the xx75 psych-line that stopped me getting in after the harami. Then came a spinning-top which formed, like the harami earlier, right on the Main Pivot line, but again, the xx75 stopped anything developing.
There'll be a break one way or another, but how soon that'll be is anybody's guess.
Attached Image
  • #5,754
  • Jan 24, 2011 6:02am Jan 24, 2011 6:02am
...if i remember correctly, Acumen introduced stochs into his setup at some point...interesting to see the stoch divergence developing now in support of an upside move...we'll see.
Attached Image (click to enlarge)
Click to Enlarge Name: 24th Jan EU Piv 1 stoch.PNG Size: 37 KB
  • #5,755
  • Jan 24, 2011 6:39am Jan 24, 2011 6:39am
Quoting sidefx
...if i remember correctly, Acumen introduced stochs into his setup at some point...interesting to see the stoch divergence developing now in support of an upside move...we'll see.
Now you mention it, I do seem to remember acumen mentioning stochastics. It's probably the best oscillator, if you're going to use one. It's an excellent OB, OS and Divergence indicator.

Even I'M tempted to use it on occasion!!
  • #5,756
  • Jan 24, 2011 7:18am Jan 24, 2011 7:18am
...let me know if I should shut up, conscious i'm a bit 'keen' around here

I use an hourly chart to get a feel for where the week is heading and fibs (Bobokus style) in particular. Both EU & GU are now at important retrace levels from swings developed late last week, time for the next leg up perhaps....who knows.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 24th Jan GU hrly.PNG Size: 36 KB
Click to Enlarge Name: 24th Jan EU hrly.PNG Size: 34 KB
  • #5,757
  • Jan 24, 2011 7:24am Jan 24, 2011 7:24am
Quoting sidefx
...let me know if I should shut up, conscious i'm a bit 'keen' around here
Never mind "shutting up", mate. Just keep 'em coming.......the more the merrier!

We never stop learning.
  • #5,758
  • Jan 24, 2011 7:25am Jan 24, 2011 7:25am
Hi Guys - just passing by and thought this chart might be helpful.......the confluence of the 3550 level, MS1 and 50% fib turned € north......will this carry on in the US session??......TWT

Medici and I have found the CII indy to be good at picking up divergance, here very clear.....
Attached Image (click to enlarge)
Click to Enlarge Name: jan 24 eu 15m 1420 esp.gif Size: 18 KB
Trading Levels with WRBs
  • #5,759
  • Jan 24, 2011 7:37am Jan 24, 2011 7:37am
Quoting Islander
Hi Guys - just passing by and thought this chart might be helpful.......the confluence of the 3550 level, MS1 and 50% fib turned € north......will this carry on in the US session??......TWT

Medici and I have found the CII indy to be good at picking up divergance, here very clear.....

Nice to see you again, Islander. Many thanks for the contrib. Hope all is well with you and yours. My best to Medici.
  • #5,760
  • Jan 24, 2011 7:38am Jan 24, 2011 7:38am
Quoting Islander
Hi Guys - just passing by and thought this chart might be helpful.......the confluence of the 3550 level, MS1 and 50% fib turned € north......will this carry on in the US session??......TWT

Medici and I have found the CII indy to be good at picking up divergance, here very clear.....
Thanks Islander!
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