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

  • #7,421
  • Jul 26, 2011 12:29am Jul 26, 2011 12:29am
Quoting pgd

ev, why the change from ema34 to ema30?

cheers.
Purely experimental, brother. Absolutely no other reason.
  • #7,422
  • Jul 26, 2011 4:47am Jul 26, 2011 4:47am
Quoting eyevoltage
Morning, folks.
I wonder if anyone else picked up on this one? I missed it because of other commitments.
A large bullish flag pattern across the Main Pivot line, a break-out, then a retrace ending with a dragonfly doji touching the confluence of the flag and the 13ema. Price then continued north and is now testing MR1.

Edit: The heading should, of course, read 5m EU/CHF.
ev,

neat one!
with my short bias on this pair, i wasn't looking for longs.

in edit mode, if you click on the "Go Advanced" button, the heading and attachments will also become available for editing.
  • #7,423
  • Jul 26, 2011 5:04am Jul 26, 2011 5:04am
Quoting pgd
ev,

neat one!
with my short bias on this pair, i wasn't looking for longs.

in edit mode, if you click on the "Go Advanced" button, the heading and attachments will also become available for editing.
Thanks for that, pg. Something else about FF that I didn't know about! Another thing I haven't a clue how to do, is split somebody's post into sections, in order to comment after each one. I hope that makes sense!

Thanks again, pg.....
  • #7,424
  • Jul 26, 2011 5:18am Jul 26, 2011 5:18am
Quoting eyevoltage
Thanks for that, pg. Something else about FF that I didn't know about! Another thing I haven't a clue how to do, is split somebody's post into sections, in order to comment after each one. I hope that makes sense!

Thanks again, pg.....
At the beginning of what you want to quote should be the word quote in square brackets and at the end /quote in square brackets then say whatever you want to, then put the same thing in again for each part you want to quote.
  • #7,425
  • Jul 26, 2011 5:43am Jul 26, 2011 5:43am
Quoting ohammond
At the beginning of what you want to quote should be the word quote in square brackets and at the end /quote in square brackets then say whatever you want to, then put the same thing in again for each part you want to quote.
Thanks a lot for that, my friend. Another mystery solved!
Cheers!
  • #7,426
  • Jul 26, 2011 6:14am Jul 26, 2011 6:14am
Quoting eyevoltage
Thanks for that, pg. Something else about FF that I didn't know about! Another thing I haven't a clue how to do, is split somebody's post into sections, in order to comment after each one. I hope that makes sense!

Thanks again, pg.....
you're welcome, ev.

for splitting quoted text you need to break up the text under reply into blocks as desired and then wrap each quoted text block in quote tags as shown in the attached image. Then, type in the respective responses below each block.

hope clear.
Attached Image
  • #7,427
  • Jul 26, 2011 6:29am Jul 26, 2011 6:29am
Bearish flag at 113.00 triggered.
HnS at 112.90 just triggering.
target could be pivot and 112.50 area.

any views?
  • #7,428
  • Jul 26, 2011 6:49am Jul 26, 2011 6:49am
Quoting pgd
you're welcome, ev.

for splitting quoted text you need to break up the text under reply into blocks as desired and then wrap each quoted text block in quote tags as shown in the attached image. Then, type in the respective responses below each block.

hope clear.
Many thanks, pg..... ohammond just beat you to it!

Much appreciated, though.
  • #7,429
  • Jul 26, 2011 6:54am Jul 26, 2011 6:54am
Quoting pgd
Bearish flag at 113.00 triggered.
HnS at 112.90 just triggering.
target could be pivot and 112.50 area.

any views?
Hovering above MR1 right now. TWT.
  • #7,430
  • Jul 26, 2011 6:58am Jul 26, 2011 6:58am
Quoting eyevoltage
Many thanks, pg..... ohammond just beat you to it!
lol... ok.
hadn't noticed his post.
Quote
Much appreciated, though.
most welcome.
  • #7,431
  • Jul 26, 2011 8:00am Jul 26, 2011 8:00am
Quoting eyevoltage
Morning, folks.
I wonder if anyone else picked up on this one? I missed it because of other commitments.
A large bullish flag pattern across the Main Pivot line, a break-out, then a retrace ending with a dragonfly doji touching the confluence of the flag and the 13ema. Price then continued north and is now testing MR1.
Hi EV, Just wondering why you would of waited for the later entry compared to the one on my chart. If we were watching this in real time would you have still gone for the later entry on your chart ?

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-07-26_15-58_FxPro.jpg Size: 87 KB



Thanks
Dan
  • #7,432
  • Jul 26, 2011 10:33am Jul 26, 2011 10:33am
Quoting dan89
Hi EV, Just wondering why you would of waited for the later entry compared to the one on my chart. If we were watching this in real time would you have still gone for the later entry on your chart ?

Attachment


Thanks
Dan
I did say that I'd missed the opportunity due to other things, Dan. Plus, the potential trade that you highlighted occurred whilst I was still snoring my head off!!
However, regarding "real-time", I'm posting a chart like yours, to show you what my possible plan would have been. Because price was so close underneath the Main Pivot line, I would have wanted a really positive move up above that line before entering. It didn't happen. Five candles ran along the MPL, before a doji appeared and price sank back into the MA zone. I've marked with an arrow where I might have started to be interested, and it's where that little doji appeared. IN the MA zone, and just under the 13ema/MPL confluence. The candle after the doji was the confirmation candle, although it has to be said that it wasn't showing a lot of momentum. A possible entry would have been above the high of said confirmation candle, but as you can see, not with a very good result. Ideally, when price is hovering around the MPL in a case like this, you'd be looking for a strong move indicated by lots of momentum. However, I did say "ideally", and for sure it doesn't happen that often.
I hope this helps, mate.


Sorry for the delay, but I had to go out and I've been having my tea as well.
Attached Image
  • #7,433
  • Jul 26, 2011 10:58am Jul 26, 2011 10:58am
As with anything new, you’re likely to make mistakes, learn from them, and then improve. Many new traders risk too much of their account, and burn it out before learning anything. Money management is the “secret” to avoiding this fate. This abstract idea can go down to the 2% rule. Making 2% an overriding priority means no stop loss movements, using lower leverage, making a bigger initial deposit, having higher spreads, or anything, else that will keep the losses limited. Some things are more comfortable to do than others, but keeping this rule will likely yield in better results for newbies in the long run - keep them away from burning their account.
  • #7,434
  • Jul 26, 2011 11:21am Jul 26, 2011 11:21am
Quoting mathtrader
As with anything new, you’re likely to make mistakes, learn from them, and then improve. Many new traders risk too much of their account, and burn it out before learning anything. Money management is the “secret” to avoiding this fate. This abstract idea can go down to the 2% rule. Making 2% an over[font=Helvetica][size=3][font=Helvetica][size=3]riding priority means no stop loss movements, using...
All good advice, but I get the feeling you meant to post this on another thread, perhaps?
  • #7,435
  • Jul 26, 2011 12:45pm Jul 26, 2011 12:45pm
I know it's forex factory but today was a bit of a shocker for me on the Euro, two breakevens and a loss, however a beautiful day on Dow index futures! Last trade still active. Of course, any idiot can short the Dow on a day like today!

http://i288.photobucket.com/albums/l...g?t=1311709514
  • #7,436
  • Edited 9:40pm Jul 26, 2011 9:07pm | Edited 9:40pm
Quoting mysterio
I know it's forex factory but today was a bit of a shocker for me on the Euro, two breakevens and a loss, however a beautiful day on Dow index futures! Last trade still active. Of course, any idiot can short the Dow on a day like today!
mysterio,

why didn't you take the breakout of the bear flag marked in red?
is that an M5 chart and an ema200 you are using?

thanks.
Attached Image (click to enlarge)
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  • #7,437
  • Jul 26, 2011 11:34pm Jul 26, 2011 11:34pm
took the break below the pivot.

entry 11290
exit 11265 (near mS1)
Attached Image (click to enlarge)
Click to Enlarge Name: 20110727-01-ej.gif Size: 22 KB
  • #7,438
  • Jul 27, 2011 12:00am Jul 27, 2011 12:00am
Quoting pgd
took the break below the pivot.

entry 11290
exit 11265 (near mS1)
Very nice pg, I took EU at same time (as posted in V's thread), all Eur pairs looked weak at FO.
Follow, don't anticipate.
  • #7,439
  • Jul 27, 2011 12:03am Jul 27, 2011 12:03am
Hi Guys - raining hard here, so today I'm shore-bound and have time for a couple of posts. Here's something I've been looking at in this thread:


http://www.forexfactory.com/showthread.php?t=304770

and I just posted this......an easy 25+ for you guys


The Frankfurt Open signals the start of the European Trading Day and is well known for its frequent short term reversals - and thus failures to follow through on breakouts!

So far this morning a well signalled Lower High aound FO gave a drop to the bottom of the current BO Box, with the actual low of this swing around mid FH, so a good time to bank some profits and wait for The Brits and the London Open......
Attached Thumbnailshttp://www.forexfactory.com/attachme...1&d=1311749774
Trading Levels with WRBs
  • #7,440
  • Edited 2:05am Jul 27, 2011 12:22am | Edited 2:05am
bounce off 50% retrace of last swing, asian low (white line) and 11275.
bearish engulfing pattern.

entry 11263
tp1 11250 (achieved)
bal at b/e
tp2 11235 (near S1)

edit:
tp2 achieved.
Attached Image (click to enlarge)
Click to Enlarge Name: 20110727-02-ej.gif Size: 37 KB
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