Psych Levels, Pivots, and Trendlines - Resurrected | Page 383 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #7,641
  • Aug 10, 2011 8:25am Aug 10, 2011 8:25am
also took this move from mS1 to S1 on GU.
entry, exit marked.
Attached Image
  • #7,642
  • Aug 10, 2011 9:06am Aug 10, 2011 9:06am
Nice ones, pg....you've got your eye in again!!!

Rumours are that a French bank has gone under, but nothing confirmed, other than the French dwarf has been in an emergency meeting all day.

Whatever. All I can see is the Euro dropping like a stone against at least 3 other currencies.

  • #7,643
  • Aug 10, 2011 9:10am Aug 10, 2011 9:10am
Quoting eyevoltage
Nice ones, pg....you've got your eye in again!!!

Rumours are that a French bank has gone under, but nothing confirmed, other than the French dwarf has been in an emergency meeting all day.

Whatever. All I can see is the Euro dropping like a stone against at least 3 other currencies.

oooh!

not surprising then that I just finished another EChf short for 75p.
  • #7,644
  • Aug 10, 2011 9:10am Aug 10, 2011 9:10am
Quoting pgd
also took this move from mS1 to S1 on GU.
entry, exit marked.
Nice pg, if you missed the eur moves which suggested $ strength and gave a 15 min head start on this trade.
  • #7,645
  • Aug 10, 2011 1:20pm Aug 10, 2011 1:20pm
Market doing some weird stuff over the past week and the TL's not working as well as they normally do. However I was very pleased to catch this breakout which wiped out yesterday's losses.

http://i288.photobucket.com/albums/l...example-94.gif
  • #7,646
  • Aug 11, 2011 6:50am Aug 11, 2011 6:50am
This is why I like divergence..

http://i288.photobucket.com/albums/l...example-95.gif
  • #7,647
  • Aug 11, 2011 7:52am Aug 11, 2011 7:52am
Just finished this one after just over an hour of watching price drop down very hesitantly after the break through MS1. It all started, as can be seen, from a symmetrical triangle forming from a retrace off MS1, and eventually forming a harami candle before dropping down, and breaking out. I was going to leave it to see if it dropped right down to S1, but got impatient and bailed out instead!
Attached Image
  • #7,648
  • Aug 12, 2011 3:17am Aug 12, 2011 3:17am
gm, ev.

short on break of T/L and pivot.
entry: 78.86
exit : 78.57 (near mS1)

edit:
pl. ignore the thick white line at 79.04.
don't know what it's doing there.
Attached Image
  • #7,649
  • Aug 12, 2011 3:39am Aug 12, 2011 3:39am
Quoting pgd
gm, ev.

short on break of T/L and pivot.
entry: 78.86
exit : 78.57 (near mS1)

edit:
pl. ignore the thick white line at 79.04.
don't know what it's doing there.
Good one, pg. Classic TL break with retracement. How many pairs do you monitor, pg? You seem to monitor quite a number, mate. I don't think I'd be comfortable with any more than four. Even that's a trial sometimes for these old eyes!
  • #7,650
  • Aug 12, 2011 4:19am Aug 12, 2011 4:19am
Quoting eyevoltage
Good one, pg. Classic TL break with retracement. How many pairs do you monitor, pg? You seem to monitor quite a number, mate. I don't think I'd be comfortable with any more than four. Even that's a trial sometimes for these old eyes!
14 pairs.
  • #7,651
  • Aug 12, 2011 4:24am Aug 12, 2011 4:24am
Quoting pgd
14 pairs.
Well, from my point of view, that's pretty impressive, although I know there are others who monitor 20 or more! Way out of my league, I reckon.
  • #7,652
  • Aug 12, 2011 12:03pm Aug 12, 2011 12:03pm
14, wow!

I keep tabs on 3, A/U, E/U and cable. Also the Dow.
  • #7,653
  • Aug 14, 2011 11:10pm Aug 14, 2011 11:10pm
price drops trough 11000 and mR2.
rises back to that area (S becomes R).
bearish engulfing pattern there triggers short.
entry: 10994
exit : 10978 (near R1, 75)
Attached Image (click to enlarge)
Click to Enlarge Name: 20110815-01-ej.gif Size: 20 KB
  • #7,654
  • Aug 15, 2011 5:37am Aug 15, 2011 5:37am
A short contra-trend trade after a really nice hammer formed at the bottom of the move right on the mid-point line. Bailed out as price approached yesterday's high.
Attached Image
  • #7,655
  • Aug 15, 2011 5:40am Aug 15, 2011 5:40am
will be posting again from time to time. Too focused to do it regularly.
This was my last trade. nice 80 pips after failure of break out and new down trend line was forming at the top. once PP got broken I entered short. No DD at all. Head and shoulders also looks nice.

http://img844.imageshack.us/img844/8259/oil.gif

Uploaded with ImageShack.us
  • #7,656
  • Aug 15, 2011 5:42am Aug 15, 2011 5:42am
It's very good thread. Nice to see like minded traders
  • #7,657
  • Aug 15, 2011 5:48am Aug 15, 2011 5:48am
Quoting shiko
will be posting again from time to time. Too focused to do it regularly.
This was my last trade. nice 80 pips after failure of break out and new down trend line was forming at the top. once PP got broken I entered short. No DD at all. Head and shoulders also looks nice.

http://img844.imageshack.us/img844/8259/oil.gif

Uploaded with ImageShack.us
Shiko, thanks for your post.
It would be really good if you could put arrows or something on your chart pointing out exactly your entry and exit.
It would also help my tired old eyes, mate!
Thanks in advance.
  • #7,658
  • Aug 15, 2011 6:17am Aug 15, 2011 6:17am
Quoting eyevoltage
Shiko, thanks for your post.
It would be really good if you could put arrows or something on your chart pointing out exactly your entry and exit.
It would also help my tired old eyes, mate!
Thanks in advance.

Hi eyevoltage. entry 85.51 just under pivot point. stop 30 pips at 85.31 previous top of the day.
take profit was 84.50. but closed 20 pips above.
it was short trade/.
  • #7,659
  • Aug 15, 2011 6:21am Aug 15, 2011 6:21am
I wonder how to put arrows?
  • #7,660
  • Aug 15, 2011 6:26am Aug 15, 2011 6:26am
Quoting shiko
Hi eyevoltage. entry 85.51 just under pivot point. stop 30 pips at 85.31 previous top of the day.
take profit was 84.50. but closed 20 pips above.
it was short trade/.
Thanks, shiko, but I can't enlarge your chart enough to make out the prices down the side. Would it be possible for you to use MT4's "save as picture" facility? It would be reproduced a lot clearer on here, to be honest.
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