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Psych Levels, Pivots, and Trendlines - Resurrected

  • #6,541
  • Mar 11, 2011 3:05am Mar 11, 2011 3:05am
Quoting Islander
Here's a link, please check it out and let us have your comments....

http://www.forexfactory.com/showthread.php?t=95917
there's a pdf attached to post #6 at the link you mentioned.
is that the one you referred to earlier?

thanks.
  • #6,542
  • Mar 11, 2011 3:07am Mar 11, 2011 3:07am
IMO this will effect the markets........its very bad.....

Japan tsunami


http://www.bbc.co.uk/news/world-asia-pacific-12709598
Trading Levels with WRBs
  • #6,543
  • Mar 11, 2011 3:09am Mar 11, 2011 3:09am
Lon morning session seems to be another freaky Fri. No trades that I liked.

GU around this important SR area.
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  • #6,544
  • Mar 11, 2011 3:10am Mar 11, 2011 3:10am
Quoting pgd
there's a pdf attached to post #6 at the link you mentioned.
is that the one you referred to earlier?

thanks.
I guess so - I'm rather busy right now to look!
Trading Levels with WRBs
  • #6,545
  • Mar 11, 2011 3:11am Mar 11, 2011 3:11am
Quoting Islander
IMO this will effect the markets........its very bad.....

Japan tsunami


http://www.bbc.co.uk/news/world-asia-pacific-12709598
I think I heard on Sky that the aftershocks might be the highest aftershock quakes recorded.
  • #6,546
  • Mar 11, 2011 4:07am Mar 11, 2011 4:07am
Those poor poor people.......God help them.
  • #6,547
  • Mar 11, 2011 4:26am Mar 11, 2011 4:26am
Absolutely crazy. It looks like the world is moving into some kind of crisis state.
Middle East, now Far East.
  • #6,548
  • Mar 11, 2011 4:45am Mar 11, 2011 4:45am
I was watching the tv, Mrs V got a sell at 3810 exit for +17. Her target the prev lows around 3790.

1hr pos close was basically all from 1 5 min candle, that push up had no follow through so it was a matter of waiting for the turn around. Lots of 15 min upper wicks, had 15 min neg close, 5 min lh little/no lower wick so a relatively straight forward decision.
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  • #6,549
  • Edited 7:49am Mar 11, 2011 5:47am | Edited 7:49am
30 pips down in FH, then back up in the 35 mins after LO - after the WR green marubozo, note the narrow candles (also on lower volume) http://www.forexfactory.com/images/icons/icon12.gif

Just trailing a stop behind each reasonable candle kept you in all the way to the minor support level http://www.forexfactory.com/images/icons/icon6.gif

Edit: I have a green support area just off the screen shot at todays MS2 level of 5962. IF I wasnt going out for a Menu del Dia, I'd be holding a partial for that area....
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Trading Levels with WRBs
  • #6,550
  • Mar 14, 2011 12:54am Mar 14, 2011 12:54am
gm all.

1st one for the day:

4th rejection of fri's high forming hammer & HL.
breach of bearish TL
entry: 1.3928 (as shown)
target: 1.3950
price stalled.
exit: 1.3940
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  • #6,551
  • Mar 14, 2011 5:48am Mar 14, 2011 5:48am
Morning, folks, and pg starts early with a nice trade.

This one is a falling-wedge break-out, with a harami candlestick forming just before said B/O right on the xx50. Entry as shown and TP achieved at just above xx75.
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  • #6,552
  • Edited 7:36am Mar 14, 2011 7:18am | Edited 7:36am
In contrast to my earlier trade on EU, this one's from a rising wedge, in which a doji formed right on the xx50. Entry after waiting for a confirming candle which proved to have strong momentum. Exit after watching price dither for a bit just above the xx00.
Attached Image
  • #6,553
  • Mar 15, 2011 4:42am Mar 15, 2011 4:42am
Hi eyevoltage,

I've had to change my mt4 feed to a different broker because my earlier one got too sluggish and was using over 60% cpu at most times.

just to verify if my daily close matches the one we all use on this thread, could you please post your today's main pivot & S/R levels.

thanks.
  • #6,554
  • Mar 15, 2011 5:25am Mar 15, 2011 5:25am
Hi Barry,

could you please provide me with the info requested of ev in the post above. ev doesn't seem to be around.

thanks.
  • #6,555
  • Mar 15, 2011 5:26am Mar 15, 2011 5:26am
Quoting pgd
Hi eyevoltage,

I've had to change my mt4 feed to a different broker because my earlier one got too sluggish and was using over 60% cpu at most times.

just to verify if my daily close matches the one we all use on this thread, could you please post your today's main pivot & S/R levels.

thanks.
Sorry for the delay......I had one or two computer problems myself just now.....I'll get back to you with my pivots in a jif.
  • #6,556
  • Mar 15, 2011 5:27am Mar 15, 2011 5:27am
Quoting pgd
Hi eyevoltage,

I've had to change my mt4 feed to a different broker because my earlier one got too sluggish and was using over 60% cpu at most times.

just to verify if my daily close matches the one we all use on this thread, could you please post your today's main pivot & S/R levels.

thanks.
Hi PGD.

I am not trading this week as too much going on with property repairs (my main income is property refurb & rentals) & going away for 2 weeks at the end of this week. This is just a quick check in, & see you need a quick help. PP on my chart for GU is 16132. S1 is 16066, R1 is 16237. However I have made no adjustment for US moving clocks forward 1 hr at the weekend.
  • #6,557
  • Mar 15, 2011 5:27am Mar 15, 2011 5:27am
Quoting eyevoltage
Sorry for the delay......I had one or two computer problems myself just now.....I'll get back to you with my pivots in a jif.
What pair, by the way?
  • #6,558
  • Mar 15, 2011 5:30am Mar 15, 2011 5:30am
R3 6406 r2 6302 r1 6236 pp 6132 s1 6066 s2 5962 s3 5896
  • #6,559
  • Mar 15, 2011 5:36am Mar 15, 2011 5:36am
Quoting eyevoltage
R3 6406 r2 6302 r1 6236 pp 6132 s1 6066 s2 5962 s3 5896
blimey, nearly a perfect match.
  • #6,560
  • Mar 15, 2011 6:14am Mar 15, 2011 6:14am
thanks ev, barry

for cable, mine are:

r3 6410
r2 6304
r1 6238
P 6132
s1 6066
s2 5960
s3 5894

pivot is the same bit i see small differences in the s/r levels.

perhaps, i could download and use the same mt4 are you if u tell me your brokers' names.

thanks.
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