Last one for the day. A nice ascending triangle pattern forming around both MA's and the mid-point level. A clean break and entry and exit as shown. It's looking like I exited prematurely, actually, but what I've got will do fine! 
Psych Levels, Pivots, and Trendlines - Resurrected
- #7,321
- Jun 29, 2011 10:26am Jun 29, 2011 10:26am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
- #7,322
- Jun 30, 2011 4:43am Jun 30, 2011 4:43am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
I missed this one due to other duties. After the dramatic drop southwards, price pulled back, forming a bearish flag which straddled the mid-point line. Price then broke downwards and just coasted through the S1/xx00 psych-line confluence and came to a grinding halt at the xx75 psych-line. A lovely set-up which would have yielded around 30 pips or so. I hope someone managed to get it.
- #7,323
- Edited 9:55pm Jul 5, 2011 9:52pm | Edited 9:55pm
- Joined Jun 2009 | Status: Trader | 7,795 Posts
I missed this one due to other duties. After the dramatic drop southwards, price pulled back, forming a bearish flag which straddled the mid-point line. Price then broke downwards and just coasted through the S1/xx00 psych-line confluence and came to a grinding halt at the xx75 psych-line. A lovely set-up which would have yielded around 30 pips or so. I hope someone managed to get it.
I think your very clear explanation of this method is pure BLDY G..genius.. With a capital G..Please keep it up..
And may the Peace be with u and your mob..2
- #7,324
- Jul 6, 2011 7:47am Jul 6, 2011 7:47am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
EyeVoltage..been reading this thread and all your posts in paticular and just want to tell u how i am going with this.. Been using a combination of your stuff and Vantages exellent method..My main time is the Aussie opebn up till about 2 hrs after the Jpy open.. I do keep my eye on the EU open as well.. Yer day 4 hits on the Aussie/jy open.. for 4 nice little drinks.. went to bed last nite with shorts on the Cable and EU.. tight stops small possies woke thismorning to 2 more nice little drinks.. This morning.. here in Aussie just closed Cable and...
Cheers for now.
- #7,326
- Jul 7, 2011 1:57am Jul 7, 2011 1:57am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Hi
I have studied many charts from this great thread. Big thank you to everyone who has contributed, especially eyevoltage.
Here is a trade i took today.
Yes, that bearish engulfing pattern occurred right on the MS2 line on my chart, and was a nice set-up.
Good one!
- #7,328
- Jul 7, 2011 8:16am Jul 7, 2011 8:16am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
after a bounce below pivot and 4350, eu developed a bearflag retracing across 4300 to today's open, 4325 and ma zone.
break from flag and below 4300 initiated a decent short.
entry : 14298 (below 4300)
exit-1: 14277 (above 4275)
exit-2: 14252 (above 4250)
Spot on, pg.......
I haven't been trading lately due to being busy in other areas, but I've been monitoring the situation at the same time, on and off.
Really nice trade, mate.
after a bounce below pivot and 4350, eu developed a bearflag retracing across 4300 to today's open, 4325 and ma zone.
break from flag and below 4300 initiated a decent short.
entry : 14298 (below 4300)
exit-1: 14277 (above 4275)
exit-2: 14252 (above 4250)
I took a similar trade but based my tech on the flag from 30m chart.
(hope the format of the chart is ok EV)
- #7,332
- Jul 7, 2011 8:34am Jul 7, 2011 8:34am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
a spinning top followed by a hv hammer rising to 4250 gave a quick follow-up counter trend trade.
entry: 42585 upon break above hammer
exit : 4300
Anything to do with candles, psychs, pivots, TL's, patterns....no problem.
I don't think acumen included volume in his original method, so I never bother with it.
- #7,333
- Jul 7, 2011 8:49am Jul 7, 2011 8:49am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Nice trade mate.
I took a similar trade but based my tech on the flag from 30m chart.
(hope the format of the chart is ok EV)
Attachment
Nice trade mate.
I took a similar trade but based my tech on the flag from 30m chart.
(hope the format of the chart is ok EV)
Attachment
takes a lot of focus to spot a flag that spans over 20 hours of pa...
the flag flutters on...
Another nice one, mate, but strictly speaking, volume doesn't come into this method at all.
Anything to do with candles, psychs, pivots, TL's, patterns....no problem.
I don't think acumen included volume in his original method, so I never bother with it.
however, mentioned it only because had it been low on that one, i wouldn't have taken it.
- #7,337
- Jul 9, 2011 12:41pm Jul 9, 2011 12:41pm
- Joined Nov 2009 | Status: ŻŻŻŻŻŻŻŻŻŻ | 1,339 Posts
Can't believe I missed this thread.
Looks like there are some great traders in here and look forward to posting some charts on monday.
Looks like there are some great traders in here and look forward to posting some charts on monday.
- #7,339
- Jul 11, 2011 2:49am Jul 11, 2011 2:49am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
after one touch of the pivot (not visible in chart), price didn't quite make it there again.
3 dojis followed by a solid close down gave a short:
entry: 129.32
exit :129.13 (near mS1)
a bear flag gave another short:
entry: 129.14
TP : 128.90 (friday / weekly low)
BUT
exit: 129.00 (when price stalled with a spinning top closing up)
- #7,340
- Jul 11, 2011 6:03am Jul 11, 2011 6:03am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
