Psych Levels, Pivots, and Trendlines - Resurrected | Page 364 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #7,261
  • Edited 3:14am Jun 13, 2011 3:03am | Edited 3:14am
its been kinda quiet in here lately ...

Anyone looking at cable atm ... just hit daily pivot/.75
  • #7,262
  • Jun 13, 2011 3:40am Jun 13, 2011 3:40am
Quoting dan89
its been kinda quiet in here lately ...

Anyone looking at cable atm ... just hit daily pivot/.75
....after a nice move up to the Main Pivot line from a symmetrical triangle which formed right on the xx50 psych-line.
Another one I missed.
  • #7,263
  • Jun 13, 2011 3:49am Jun 13, 2011 3:49am
Quoting eyevoltage
....after a nice move up to the Main Pivot line from a symmetrical triangle which formed right on the xx50 psych-line.
Another one I missed.
That trade I liked, didn't get the triangle fall on eur from 4355. Candles for me on 1hr and 15 min too iffy. There wasn't a pivot or anything I saw at 4368 that would make it stop and turn there. Perhaps a fib, haven't looked.
  • #7,264
  • Jun 13, 2011 6:24am Jun 13, 2011 6:24am
Falling wedge into the MA zone, with price failing to retest the Main Pivot line for support. Target was the mid-point level/xx00 psych-line confluence, but price just blew straight through that. Exit as shown.
Attached Image
  • #7,265
  • Jun 13, 2011 6:27am Jun 13, 2011 6:27am
Quoting eyevoltage
Falling wedge into the MA zone, with price failing to retest the Main Pivot line for support. Target was the mid-point level/xx00 psych-line confluence, but price just blew straight through that. Exit as shown.
I took that flag just before the setup you mentioned at exited at BE. Were you looking at this trade also by any chance ?

Dan
  • #7,266
  • Jun 13, 2011 6:36am Jun 13, 2011 6:36am
Quoting dan89
I took that flag just before the setup you mentioned at exited at BE. Were you looking at this trade also by any chance ?

Dan
I was considering it, but got called away before I could do anything about it. By the time I got back, the wedge was well into its stride.
  • #7,267
  • Jun 13, 2011 7:48am Jun 13, 2011 7:48am
...and another falling wedge, with price breaking out at the mid-point level/13ema confluence.
Attached Image
  • #7,268
  • Jun 13, 2011 8:24am Jun 13, 2011 8:24am
ev,

great to see you back in action and raking it in...

  • #7,269
  • Jun 13, 2011 8:27am Jun 13, 2011 8:27am
Quoting pgd
ev,

great to see you back in action and raking it in...


Yep I'll 2nd that, nice stuff as usual EV.
  • #7,270
  • Jun 13, 2011 8:46am Jun 13, 2011 8:46am
Just the usual simple stuff, fellers. Trying hard not to complicate matters.

Vantage, I see your thread's been very busy lately. Great to see.

Pg....I also see you're spending a lot of time over there! You're in great company, mate, I kid you not.

  • #7,271
  • Jun 13, 2011 8:50am Jun 13, 2011 8:50am
Quoting eyevoltage
Just the usual simple stuff, fellers. Trying hard not to complicate matters.

Vantage, I see your thread's been very busy lately. Great to see.

Pg....I also see you're spending a lot of time over there! You're in great company, mate, I kid you not.

My charts are getting seriously close to looking like yours, perhaps the odd line here and there extra!! KISS rules.
  • #7,272
  • Jun 13, 2011 9:18am Jun 13, 2011 9:18am
Quoting Vantage
My charts are getting seriously close to looking like yours, perhaps the odd line here and there extra!! KISS rules.
Yes, I had noticed, V. Less is more, as they say!
  • #7,273
  • Jun 14, 2011 2:41am Jun 14, 2011 2:41am
7:30 UK price founded supp around Yesterday's H .
Before london opened price founded supp around EMA13 .
Waited for London to open... and 2 min after price cross 116.00
I entered Long .
Entry & Exit as shown.
Attached Image (click to enlarge)
Click to Enlarge Name: ey 14jun.jpg Size: 151 KB
  • #7,274
  • Jun 14, 2011 3:23am Jun 14, 2011 3:23am
Quoting eyevoltage
Just the usual simple stuff, fellers. Trying hard not to complicate matters.

Vantage, I see your thread's been very busy lately. Great to see.

Pg....I also see you're spending a lot of time over there! You're in great company, mate, I kid you not.

yes, ev. the 2 threads complement each other so well that quite often you see the same 'faces' at both.

been trying to understand and imbibe vantage's hl_lh system -- which i call the mtf approach to price action. does keep one out of iffy trades. looking at 3 charts had always been a problem for me as I use 1 screen. so i was not getting deeper into it though I read all of vantage's posts here and most at his thread. now, I'm trying out the CustomCandle indi which shows the h1, m15 candles in the background of the m5 chart. got a bit crowded with overlapping colours/candles but once i got used to them, they stood out quite distinctly and started 'talking' to me. been chewing vantage's head over last couple of days posting scenarios to understand what exactly constituted 100% system entries and he's been compassionately, patiently and promptly explaining just the way islander, medici and you do. so, picking up another loose thread... (pun intended)

thank you, guys.

PS
by the way, where's islander? he's not to be seen these days. hope he's fine.
  • #7,275
  • Jun 14, 2011 4:17am Jun 14, 2011 4:17am
Quoting david4u
7:30 UK price founded supp around Yesterday's H .
Before london opened price founded supp around EMA13 .
Waited for London to open... and 2 min after price cross 116.00
I entered Long .
Entry & Exit as shown.
Nice trade, David. Spot on!
  • #7,276
  • Jun 14, 2011 5:51am Jun 14, 2011 5:51am
Quoting pgd
yes, ev. the 2 threads complement each other so well that quite often you see the same 'faces' at both.

been trying to understand and imbibe vantage's hl_lh system -- which i call the mtf approach to price action. does keep one out of iffy trades. looking at 3 charts had always been a problem for me as I use 1 screen. so i was not getting deeper into it though I read all of vantage's posts here and most at his thread. now, I'm trying out the CustomCandle indi which shows the h1, m15 candles in the background of the m5 chart. got a bit crowded with...
Yes, the two methods do seem to run "side by side", so to speak. I read V's thread every day, and I've noticed how you've been grilling him pretty thoroughly over the last week or so. He's certainly had to work hard to keep up with your questions, mate! However, that's what this forum is all about really....helping other people along (or, at least, it should be). Vantage, Islander, Medici and myself all have the same attitude, and that's to lend a helping hand whenever it's needed, but I've seen one or two other threads which don't seem to have that same object somehow.

Don't know where Islander has gone. Probably taking a cruise around the Med for a few weeks, I shouldn't wonder!
  • #7,277
  • Jun 14, 2011 6:00am Jun 14, 2011 6:00am
I'm very impressed by this method of trading, EV's chart examples in particular are an inspiration!

But I struggle with it, I think due to the required judgement calls. I lack the discipline to get out of a bad trade quickly as I feel that I've made the wrong call (which of course I have)

I need to rely on a purely mechanical trading system, with a specific TP and SL, and then I can keep my emotions in check

So even though I can't use this system, I always check the posts here to see the great work you guys are doing

Andy
  • #7,278
  • Jun 15, 2011 8:30am Jun 15, 2011 8:30am
any trades taken today guys ?
  • #7,279
  • Jun 15, 2011 8:39am Jun 15, 2011 8:39am
Quoting dan89
any trades taken today guys ?
Just these two earlier, dan. Too busy otherwise to trade or post. Waiting to see if anything else crops up during the afternoon.
  • #7,280
  • Jun 15, 2011 8:39am Jun 15, 2011 8:39am
Quoting dan89
any trades taken today guys ?
I see so many opurtunities every day but just can't be concentrated on trading,my normal work is pretty hectic right now.
Hope to jump back in ASAP...
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