Psych Levels, Pivots, and Trendlines - Resurrected | Page 357 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #7,121
  • May 19, 2011 3:51am May 19, 2011 3:51am
Quoting eyevoltage
No, he was being sincere, pg......

You've certainly got your eye in for a good opportunity just lately
I know. I was just joking.
and thank you too, brother.
  • #7,122
  • Edited 4:05am May 19, 2011 3:53am | Edited 4:05am
I would bet huge money that I'm not the only one in here who got in on this one. Posted my M1 as well to show the beauty micro-trendline break and then retest before moving lower. Gotta be nimble at this 4210 level. Important support and a POC from five trading days ago. Some buying seen here so we shall see who wins the battle.

Edit: Oh, and has anyone mentioned the 20MA and trending moves before? Seems familiar...
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  • #7,123
  • May 19, 2011 3:56am May 19, 2011 3:56am
I took a small buy off the green spinning top HL off the MS 1 level, just in case the 4250 area got broken.

However, the pull back was weak and offered a classic continuation sell which has now retested yesterday afternoon's low - also a high activity area from Market Profile.....yesterday's low is at 4194
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Trading Levels with WRBs
  • #7,124
  • May 19, 2011 3:58am May 19, 2011 3:58am
Quoting Auron112
I would bet huge money that I'm not the only one in here who got in on this one. Posted my M1 as well to show the beauty micro-trendline break and then retest before moving lower. Gotta be nimble at this 4210 level. Important support and a POC from five trading days ago. Some buying seen here so we shall see who wins the battle.
Quoting Islander
I took a small buy off the green spinning top HL off the MS 1 level, just in case the 4250 area got broken.

However, the pull back was weak and offered a classic continuation sell which has now retested yesterday afternoon's low - also a high activity area from Market Profile.....yesterday's low is at 4194
Great minds, etc.
  • #7,125
  • May 19, 2011 4:07am May 19, 2011 4:07am
Quoting Auron112
Great minds, etc.
& I would bet huge money that I'm not the only one in here who got in on this one


Is that another beer you owe me
Trading Levels with WRBs
  • #7,126
  • May 19, 2011 4:11am May 19, 2011 4:11am
Quoting Islander
& I would bet huge money that I'm not the only one in here who got in on this one


Is that another beer you owe me
And here I was thinking I taught you everything you know...
  • #7,127
  • May 19, 2011 4:34am May 19, 2011 4:34am
Quoting pgd
Thanks, Vantage...
or was the for sarcasm?

Something you said a few days ago has stayed with me and i owe the "great trades" partly to that.
You'd said, "look for the level first, then the trade".

Thanks again.
Pure PA around levels as practiced by EV is all you need - MAs, CII are IMO just alerts and also help remind us of what is plain to see.....

Also, all of the posts in this thread help us to explore different ways of "seeing" the action and hopefully increasing our haul of pips http://www.forexfactory.com/images/icons/icon7.gif

As Auron has just mentioned, the 4212 area was worth watching......now has the European morning sell off completed..... eitherway, I'm finished for now....
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Trading Levels with WRBs
  • #7,128
  • May 19, 2011 5:03am May 19, 2011 5:03am
that's the bounce of the H4 bullish TL we're seeing.

Any indications that it will follow through to 14388 (38.2%) and onwards to 14493 (50%)?
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  • #7,129
  • Edited 5:30am May 19, 2011 5:13am | Edited 5:30am
Wonder if anyone got this one, 'cos I didn't! A really nice symmetrical triangle formed between the Main Pivot line and MS1. Price blew through the Main Pivot line and came to what looks like a temporary halt at the MR1. Probable entry and exit as shown.
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  • #7,130
  • Edited 5:53am May 19, 2011 5:20am | Edited 5:53am
Quoting eyevoltage
Wonder if anyone got this one, 'cos I didn't! A really nice symmetrical triangle formed between the Main Pivot line and MS1. Price blew through the
Main Pivot line and came to what looks like a temporary halt at the MR1. Probable entry and exit as shown.
Incidentally, I got that H4 TL bounce (ref. post #7128 above) of the M1 chart.
the support area I was watching (H4 TL - white line sloping up lazily at the bottom) was just below mS1 & __25.

entry and exit (Res. area -- Red band and __75 confluence) as marked.
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  • #7,131
  • May 19, 2011 5:40am May 19, 2011 5:40am
This one I managed to get, after seeing the ascending triangle forming from the Monthly S1. Entry and exit as indicated.


Edit:...Sorry, the title bar should read "5m EJ".
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  • #7,132
  • May 19, 2011 6:09am May 19, 2011 6:09am
This one is a regular "pivot point" type trade. Price poked through the MPP, retraced back, and then carried on up, before stalling at the xx00 psych-line.
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  • #7,133
  • May 19, 2011 6:10am May 19, 2011 6:10am
Quoting pgd
that's the bounce of the H4 bullish TL we're seeing.

Any indications that it will follow through to 14388 (38.2%) and onwards to 14493 (50%)?
Have a look at this W chart, we are right on an important level clearly seen going back to Oct.
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  • #7,134
  • May 19, 2011 6:24am May 19, 2011 6:24am
And back in for a quick 10 pips or so after a large bearish engulfing candle across the xx00 psych-line.
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  • #7,135
  • May 19, 2011 7:18am May 19, 2011 7:18am
Plenty of Pip Plundering going on

I did take some out of the last rally before I had to go out and have now bought after the pull back into NYO.....remembering that there's data in 15m and later too....
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Trading Levels with WRBs
  • #7,136
  • May 19, 2011 7:28am May 19, 2011 7:28am
retrace to 61.8 of last intraday swing & pivot.
high volume hammer followed by another.
osc. divergence.

entry and exit (mR1) as shown.
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  • #7,137
  • May 19, 2011 7:48am May 19, 2011 7:48am
Quoting pgd
retrace to 61.8 of last intraday swing & pivot.
high volume hammer followed by another.
osc. divergence.

entry and exit (mR1) as shown.

......and the pupil comes of age.....excellent trading......
Trading Levels with WRBs
  • #7,138
  • Edited 9:14am May 19, 2011 8:24am | Edited 9:14am
Quoting Islander
......and the pupil comes of age.....excellent trading......
I have the good fortune as one being in a shaolin chamber with not one but several great masters, all abundantly skilled and compassionate!

Humble thanks, all.
  • #7,139
  • May 19, 2011 8:39am May 19, 2011 8:39am
Been lots of opportunities today so far. This one on the EJ was as a result of a rather wide falling wedge forming on the Monthly S1. Entry and exit as indicated.
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  • #7,140
  • May 19, 2011 9:09am May 19, 2011 9:09am
This one's a thanks to EV for keeping us all on the KISS path

Partial in front of Data, balance looking for R1 area....
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Trading Levels with WRBs
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