Psych Levels, Pivots, and Trendlines - Resurrected | Page 374 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #7,461
  • Jul 27, 2011 7:59am Jul 27, 2011 7:59am
Quoting mysterio
http://i288.photobucket.com/albums/l...f?t=1311769844
mysterio,

nice!

u are so attuned to TL's, i bet you can pick off trades without even drawing them!
  • #7,462
  • Jul 27, 2011 9:33am Jul 27, 2011 9:33am
break of TL, mS1:

entry: 11574.
exit : 11553 (near S1 and 11550).
Attached Image
  • #7,463
  • Jul 27, 2011 10:09am Jul 27, 2011 10:09am
Bounce off pivot.
then, break of TL and 14450.

entry: 14440
exit1: 14425
exit2: 14387 (became an 15-85 trade along the way)
Attached Image (click to enlarge)
Click to Enlarge Name: 20110727-04-eu.gif Size: 25 KB
  • #7,464
  • Jul 27, 2011 10:38am Jul 27, 2011 10:38am
a bearish harami below mS1 initiated this move resuming the downward direction for the day.

entry: 11247 (below 11250)
exit 1: 11225 (also yest's low)
exit 2: 11203 (near 11200 and mS2)

that was exhausting!
Attached Image (click to enlarge)
Click to Enlarge Name: 20110727-05-ej.gif Size: 36 KB
  • #7,465
  • Jul 27, 2011 3:09pm Jul 27, 2011 3:09pm
Watching this at the moment but not trading it. TL breaks seem more reliable in the London session, quite often price will move horizontally during slow times then resume the trend during the next session.

That said USDX has just broken a bullish wedge indicating dollar strength so I think this has some chance of dropping. Aussie TL breaks haven't worked particularly well for me over the last few months so i'm still staying out

http://i288.photobucket.com/albums/l...f?t=1311797078
  • #7,466
  • Jul 28, 2011 1:32am Jul 28, 2011 1:32am
Quoting eyevoltage
Good to see so much activity on here this morning. Good morning, Islander. Long time, no see. Hope all is well with you and yours.
Hi EV - thanks, all's well with us, just busy with our summer season, so little opportunity for posting. Good to see that you and other old friends are keeping this great thread active
Trading Levels with WRBs
  • #7,467
  • Jul 28, 2011 3:13am Jul 28, 2011 3:13am
Morning, folks.

A TL break that led to a rather surprising push up the chart, and I jumped out at the MPL. Anyone know what prompted this rush of activity?
Attached Image
  • #7,468
  • Jul 28, 2011 5:23am Jul 28, 2011 5:23am
this pair continues its downward journey.

entry: 1.1498
s/l : above 1.1450

edit:
while i wrote the post, pair made a bullish hammer at 13:00 and entered consolidation. another hammer at 13:15. I'm out.

exit: 1.1433
Attached Image (click to enlarge)
Click to Enlarge Name: 20110728-01-ech.gif Size: 22 KB
  • #7,469
  • Jul 28, 2011 5:33am Jul 28, 2011 5:33am
Quoting eyevoltage
Morning, folks.

A TL break that led to a rather surprising push up the chart, and I jumped out at the MPL. Anyone know what prompted this rush of activity?
yeah!
that's what happens when ev buys
  • #7,470
  • Jul 28, 2011 5:46am Jul 28, 2011 5:46am
Quoting pgd
yeah!
that's what happens when ev buys


Nice trade, pg......you sure picked that one off very nicely indeed!!
  • #7,471
  • Jul 28, 2011 6:12am Jul 28, 2011 6:12am
Quoting eyevoltage
lol
Quote
Nice trade, pg......you sure picked that one off very nicely indeed!!
thank you, ev.
  • #7,472
  • Jul 28, 2011 1:42pm Jul 28, 2011 1:42pm
http://i288.photobucket.com/albums/l...f?t=1311878501

Nice set up on Cable

And in case anyone was wondering about yesterdays Aussie cliffhanger, here's how it panned out. Glad I stayed out, not enough volume for a proper breakout. But look where the top is, a confluence of the all time high, the trend line and R1.

http://i288.photobucket.com/albums/l...f?t=1311878898
  • #7,473
  • Jul 29, 2011 4:42am Jul 29, 2011 4:42am
good morning, folks!

got up pretty late this morning and missed what gu, ej and ech offered.
EU is now near 4300 sup turned res area. so is UJ near 77.65, again sup turned res.
could be shorts shaping up?

cheers.
  • #7,474
  • Jul 29, 2011 5:53am Jul 29, 2011 5:53am
One of Mysterio's TL's where price broke, retraced and then plunged down. Original target was S1, but price broke that, as well as the xx50 psych-line. When it finally showed signs of weakening, I bailed out.
Attached Image
  • #7,475
  • Jul 29, 2011 6:11am Jul 29, 2011 6:11am
picked up these 2 breaks for about 30 pips each.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20110729-01-ej.gif Size: 26 KB
Click to Enlarge Name: 20110729-02-ech.gif Size: 25 KB
  • #7,476
  • Jul 29, 2011 6:17am Jul 29, 2011 6:17am
Quoting pgd
picked up these 2 breaks for about 30 pips each.
Saw those, pg, but I'm not one for multi-trading. One at a time suits me, mate! However, you got 'em, so good on you!
  • #7,477
  • Jul 29, 2011 6:18am Jul 29, 2011 6:18am
Quoting eyevoltage
One of Mysterio's TL's where price broke, retraced and then plunged down. Original target was S1, but price broke that, as well as the xx50 psych-line. When it finally showed signs of weakening, I bailed out.
hey, just the same as the ej, ech trades i posted!
nice!
  • #7,478
  • Jul 29, 2011 6:36am Jul 29, 2011 6:36am
That's probably me for the week. Got a busy afternoon coming up, so see you all Monday. Have a good weekend, folks!

  • #7,479
  • Jul 29, 2011 6:48am Jul 29, 2011 6:48am
EV, I made the exact same trade, great minds think alike. "Mysterio's trend lines", I like that.

Note how price tests the TL a few times but not once does the body close above it. These are almost cast iron trades!

I've already posted commentary in Paint so i'll post it anyway. That's also me for the week, enjoy the weekend all.

http://i288.photobucket.com/albums/l...f?t=1311940047
  • #7,480
  • Jul 29, 2011 6:48am Jul 29, 2011 6:48am
Quoting eyevoltage
That's probably me for the week. Got a busy afternoon coming up, so see you all Monday. Have a good weekend, folks!

you too have a good weekend, buddy!
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