Psych Levels, Pivots, and Trendlines - Resurrected | Page 369 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Adr, psych levels, demand & supply trading 15 replies

Standard Pivots and Fibonnaci Pivots? 9 replies

EUR/USD 5min - Trendlines and Pivots 379 replies

Important psych levels 1 reply

Too many drawn Trendlines all same look: how to draw Trendlines with different look? 2 replies

Attachments: Psych Levels, Pivots, and Trendlines - Resurrected
Exit Attachments

Psych Levels, Pivots, and Trendlines - Resurrected

  • #7,361
  • Jul 13, 2011 11:50am Jul 13, 2011 11:50am
Quoting faizal82
Nice breakout from a bull flag on eur/usd.

Entry - 1.4098

Exit - 1.4155. (easily made it to daily R2 pivot, but i got too scared too hold it that long!)
Good one, Faizal.......nice clear chart, as well!
  • #7,362
  • Jul 13, 2011 5:03pm Jul 13, 2011 5:03pm
Quoting pgd
good one faizal!
nice and stress free.

how do you put those bold red arrows on your charts?
i don't see any such tool in mt4 or paint.
Its called jing. You can download the basic version for free. Its a good way of easily capturing any image on your screen.
  • #7,363
  • Jul 14, 2011 4:39am Jul 14, 2011 4:39am
Good morning (if your on GMT time)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_15m_flag_14.07.png Size: 43 KB
  • #7,364
  • Jul 14, 2011 5:33am Jul 14, 2011 5:33am
Quoting faizal82
Good morning (if your on GMT time)
Yep, a good 'un, faizal. The flag is more of a channel, to be honest, but the desired result was the same!
Like to know how you get those big red arrows. I've downloaded Jing, but still can't see how you got them. Any tips?
Cheers
  • #7,365
  • Jul 14, 2011 6:35am Jul 14, 2011 6:35am
Quoting eyevoltage
Yep, a good 'un, faizal. The flag is more of a channel, to be honest, but the desired result was the same!
Like to know how you get those big red arrows. I've downloaded Jing, but still can't see how you got them. Any tips?
Cheers
It's ok, faizal. I've figured it out.
  • #7,366
  • Jul 15, 2011 10:25am Jul 15, 2011 10:25am
A quick 10 pip counter trend trade, from M1, on b/o of falling wedge across 111.50 taking off with a pair of tweezers.
entry and exit as shown.
Attached Image
  • #7,367
  • Jul 18, 2011 3:15am Jul 18, 2011 3:15am
continuation in direction of asian move.

entry: 11114 (below TL break, ma zone and mS2)
exit1: 11102 (near 11100)
exit2: 11092 (near S2)

re-engaged on pb to 11100:

entry: 11087 (below break of IB, S2)
exit: 11070 (near mS3)
Attached Image (click to enlarge)
Click to Enlarge Name: 20110718-01-ej.gif Size: 39 KB
  • #7,368
  • Jul 18, 2011 4:25am Jul 18, 2011 4:25am
Quoting pgd
continuation in direction of asian move.

entry: 11114 (below TL break, ma zone and mS2)
exit1: 11102 (near 11100)
exit2: 11092 (near S2)

re-engaged on pb to 11100:

entry: 11087 (below break of IB, S2)
exit: 11070 (near mS3)
Nice trades, mate. Well thought out.
  • #7,369
  • Jul 18, 2011 5:41am Jul 18, 2011 5:41am
Quoting eyevoltage
Nice trades, mate. Well thought out.
thanks, brother.
u not posting.
busy raking it in?

cheers.
  • #7,370
  • Jul 18, 2011 7:44am Jul 18, 2011 7:44am
Quoting pgd
thanks, brother.
u not posting.
busy raking it in?

cheers.
Been laying off posting for the time being, pg...... It's a good job that you keep posting charts, mate, otherwise this thread would be dead. Don't worry, I'm not deserting you, just sitting on the sidelines to see if any of the regular "lurkers" finally decide to test the water, so to speak.
A thread needs interaction, mate, and there's been precious little of that lately.
  • #7,371
  • Jul 18, 2011 7:49am Jul 18, 2011 7:49am
Quoting eyevoltage
Been laying off posting for the time being, pg...... It's a good job that you keep posting charts, mate, otherwise this thread would be dead. Don't worry, I'm not deserting you, just sitting on the sidelines to see if any of the regular "lurkers" finally decide to test the water, so to speak.
A thread needs interaction, mate, and there's been precious little of that lately.
Hey EV, You still trading this method on a regular basis ? How many trades per day do you take roughly ? Im missing your charts lol

Dan
  • #7,372
  • Jul 18, 2011 7:58am Jul 18, 2011 7:58am
Quoting dan89
Hey EV, You still trading this method on a regular basis ? How many trades per day do you take roughly ? Im missing your charts lol

Dan
Yes, I'm still trading this method, Dan. How many trades a day? If there's plenty of volatility, I could end up with 3 or 4. If volatility is pretty slack, then I don't even bother, to be honest. A ranging day might find me switching to a 15m chart, ditching the MA's, and trying the "sell at high, buy at low" system, the pivot points providing said highs and lows.
  • #7,373
  • Jul 18, 2011 8:31am Jul 18, 2011 8:31am
Thanks for the reply EV. Just wondering, how do you gauge whether volatility is likely to be high or low for the day?

Dan
  • #7,374
  • Jul 18, 2011 9:01am Jul 18, 2011 9:01am
Quoting dan89
Thanks for the reply EV. Just wondering, how do you gauge whether volatility is likely to be high or low for the day?

Dan
Simply put, I don't, other than to look at the forthcoming news announcements. Trying to gauge if there'll be any volatility during the day seems to me to be rather like predicting the future. Therefore, I stick to watching for early signs of significant price moves as compared to what's happened before. I guess most traders have their own methods of trying to figure out what's going to happen, but really, as far as I'm concerned, I try to trade what I see, and not what I think will or won't happen. As I said, if there's signs of significant moves, then I concentrate on watching for any possible typical set-ups that have been demonstrated on here time after time.
Hope that helps.
  • #7,375
  • Jul 18, 2011 1:18pm Jul 18, 2011 1:18pm
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_5m_18.07.11.png Size: 57 KB
  • #7,376
  • Edited Jul 19, 2011 3:36pm Jul 18, 2011 6:33pm | Edited Jul 19, 2011 3:36pm
confluence of b/o of sym. |>, pivot and day's open:

entry: 1.0610
exit1 : 1.0625
tp2 : targeting 1.0650
s/l for bal. at b/e.

edit:
exited bal. at 1.0630 on a bearish pin bar appearing 3 bars later.
Attached Image (click to enlarge)
Click to Enlarge Name: 20110719-01-au.gif Size: 24 KB
  • #7,377
  • Jul 19, 2011 2:02am Jul 19, 2011 2:02am
falling wedge across mR1.
entry: 8187 (on b/o of wedge)
exit1 : 8200
exit2 : 8218 (R1)
Attached Image (click to enlarge)
Click to Enlarge Name: 20110719-02-usdchf.gif Size: 25 KB
  • #7,378
  • Jul 20, 2011 5:09am Jul 20, 2011 5:09am
Morning, folks......

Large bullish flag formed right across MR1, and price obligingly broke northwards. Meant to exit after first touch of yesterday's high, but I wasn't paying attention, so I waited to see if price would try again. Entry and exit as indicated.
Attached Image
  • #7,379
  • Jul 20, 2011 6:11am Jul 20, 2011 6:11am
Quoting eyevoltage
Morning, folks......

Large bullish flag formed right across MR1, and price obligingly broke northwards. Meant to exit after first touch of yesterday's high, but I wasn't paying attention, so I waited to see if price would try again. Entry and exit as indicated.
hi ev,

i wasn't looking at eu.
your post drew my attention to it.
thanks to you, i got a nice one off M1 soon after your exit.

bullish flag b/o above 14200.
entry: 14214
exit 1: 14225 (also near R1)
exit 2: 14234 (when those small iffy candles formed).
Attached Image
  • #7,380
  • Jul 20, 2011 6:17am Jul 20, 2011 6:17am
Quoting pgd
hi ev,

i wasn't looking at eu.
your post drew my attention to it.
thanks to you, i got a nice one off M1 soon after your exit.

bullish flag b/o above 14200.
entry: 14214
exit 1: 14225 (also near R1)
exit 2: 14234 (when those small iffy candles formed).
Good stuff, pg, and glad to be of service!!
8 traders viewing now