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Psych Levels, Pivots, and Trendlines - Resurrected

  • #6,661
  • Mar 28, 2011 10:15am Mar 28, 2011 10:15am
Quoting dan89
EV, anychance you could post up that FXI pivots indi. ive got one version but its points seem to be different to yours
Here you go.....
Attached File(s)
File Type: ex4 FXI Pivots.ex4   25 KB | 417 downloads
  • #6,662
  • Mar 28, 2011 10:18am Mar 28, 2011 10:18am
...........and, as an afterthought, you might want to try this as well.
Attached File(s)
File Type: ex4 Pivot Mid-Levels.ex4   5 KB | 357 downloads
  • #6,663
  • Mar 28, 2011 12:44pm Mar 28, 2011 12:44pm
thanks mate appreciate it
  • #6,664
  • Mar 29, 2011 1:45am Mar 29, 2011 1:45am
Quoting eyevoltage
I've no idea, mate. I use FXI Pivots and all I know is that they change over at midnight. Can anyone else out there shed any light?
Pivot levels are calculated based upon a 24-hour cycle ending at rollover (1700 EST / currently 2100 GMT).

If your MT4 broker doesn't already have the daily candles start/close at that time, you'll want to use an MT4 pivot indicator that allows for a GMT shift to correct it.
  • #6,665
  • Mar 29, 2011 2:09am Mar 29, 2011 2:09am
Have a look at higher low lower high thread, page 1 pivots indi has adjustable start time, mid pivots and a few other goodies (days open prev day high low, some fibs etc).
http://www.forexfactory.com/showthread.php?t=108544
  • #6,666
  • Mar 29, 2011 3:53am Mar 29, 2011 3:53am
Thanks to Trader KGB and Vantage for your help and info.
  • #6,667
  • Mar 29, 2011 7:26am Mar 29, 2011 7:26am
hi ev,

see any setups shaping up?

cheers.
  • #6,668
  • Mar 29, 2011 7:29am Mar 29, 2011 7:29am
thanks for the help V and Trader KGB.

Also, did anyone take or consider this trade ... i didnt take it myself i just noticed it and was wondering what your thoughts on this setup are.

aud/usd 5 min
evening star (not perfect) pattern in the MA zone and just below yesterdays low (brown line)

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-03-29_13-25_FxPro.jpg Size: 117 KB


any thoughts ?
  • #6,669
  • Mar 29, 2011 7:35am Mar 29, 2011 7:35am
Quoting dan89
thanks for the help V and Trader KGB.

Also, did anyone take or consider this trade ... i didnt take it myself i just noticed it and was wondering what your thoughts on this setup are.

aud/usd 5 min
evening star pattern in the MA zone and just below yesterdays low (brown line)

Attachment

any thoughts ?
No of late we just watch eur and gu.

We did get a sell at 5973, after the first shooting star that closed at 5957 price pulled back against the trend to the obvious S/R level 5975.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 17 KB
  • #6,670
  • Mar 29, 2011 7:44am Mar 29, 2011 7:44am
Quoting dan89
thanks for the help V and Trader KGB.

Also, did anyone take or consider this trade ... i didnt take it myself i just noticed it and was wondering what your thoughts on this setup are.

aud/usd 5 min
evening star (not perfect) pattern in the MA zone and just below yesterdays low (brown line)

Attachment

any thoughts ?
5 day ADR not yet hit. I love evening star patterns. Hindsight is a wonderful thing, if I had taken it I would have been mindful of the big divergence and the poss of a hl. 1hr had closed with a decent hammer.

I would prob have passed. I wouldn't have let a trade like this run and hit a 15-20 pip stop, thats for sure.
Attached Image (click to enlarge)
Click to Enlarge Name: 4.gif Size: 15 KB
  • #6,671
  • Mar 29, 2011 7:46am Mar 29, 2011 7:46am
took that falling wedge off __50, last wk's high (dash_dot violet line) and ma zone.

entry: 115.62
exit : 115.82
Attached Image (click to enlarge)
Click to Enlarge Name: 20110329-ej-01.gif Size: 26 KB
  • #6,672
  • Mar 29, 2011 7:53am Mar 29, 2011 7:53am
Great to see some action on here. I was slipping into a coma!
  • #6,673
  • Mar 29, 2011 8:41am Mar 29, 2011 8:41am
Quoting pgd
took that falling wedge off __50, last wk's high (dash_dot violet line) and ma zone.

entry: 115.62
exit : 115.82
what was your reason for exit point on this one mate ?
  • #6,674
  • Mar 29, 2011 10:43am Mar 29, 2011 10:43am
I hope someone got this nice little trade, because I didn't due to other commitments.
A really nice bullish flag right across the mid-point level, a break-out followed by a retrace before heading northwards. Probably worth around 15-16 pips, but still, a good example of a nice flag set-up.
Attached Image
  • #6,675
  • Mar 29, 2011 10:59am Mar 29, 2011 10:59am
Quoting eyevoltage
I hope someone got this nice little trade, because I didn't due to other commitments.
A really nice bullish flag right across the mid-point level, a break-out followed by a retrace before heading northwards. Probably worth around 15-16 pips, but still, a good example of a nice flag set-up.
nice setup EV. Ive been reading through all your posts with charts and i really like this effective yet simple way of trading. I still need to demo for a while before i go live though. Just out of interest ... do you have any loosing trades lol ? i cant find any charts of your which resulted in a loss
  • #6,676
  • Mar 29, 2011 11:55am Mar 29, 2011 11:55am
Quoting dan89
what was your reason for exit point on this one mate ?
dan,

I usually set an initial hard target of 20 pips and it got there pretty smoothly.

cheers.
  • #6,677
  • Edited 1:58pm Mar 29, 2011 1:37pm | Edited 1:58pm
Quoting dan89
nice setup EV. Ive been reading through all your posts with charts and i really like this effective yet simple way of trading. I still need to demo for a while before i go live though. Just out of interest ... do you have any loosing trades lol ? i cant find any charts of your which resulted in a loss
Dan, I'm glad you like this method of trading. Acumen was the guy who inspired me to copy his method, and all I've done along the way is do a little tweaking here and there to suit the way I like to do things!
As for losing trades......yes, I have my share, mate. I don't know why I don't post them.......maybe I haven't seen the value in showing the world a trade that bombed! Perhaps I should make that a priority. The set-ups I show are, as you say, simple, and clear to anyone who cares to look for them, but like any other method, they don't always work.
One thing's for sure, mate. I'm going to do my level best to keep things simple. I'm not a big fan of indicators, having tried a lot of them out, so my charts will always be concentrated mainly with what's happening with price action.
Thanks for your comments, Dan.
  • #6,678
  • Mar 30, 2011 1:55am Mar 30, 2011 1:55am
Islander,

GU:
wud u be looking for a short around LO?
  • #6,679
  • Edited 4:25am Mar 30, 2011 3:54am | Edited 4:25am
Took the bounce off R1 after bullish engulfing.

entry: 116.95
exit : 117.25
Attached Image (click to enlarge)
Click to Enlarge Name: 20110330-ej-01.gif Size: 30 KB
  • #6,680
  • Mar 30, 2011 4:02am Mar 30, 2011 4:02am
Quoting pgd
Took the bounce off R1 after bullish engulfing.

entry: 116.95
exit : 117.25
Nice trade, pg. I've sent you a PM.
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