Psych Levels, Pivots, and Trendlines - Resurrected | Page 384 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #7,661
  • Aug 15, 2011 6:30am Aug 15, 2011 6:30am
Quoting eyevoltage
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.
eyevoltage, this is actually what I did. save as picture...but loaded with imageshack.
Attached Image (click to enlarge)
Click to Enlarge Name: oil.gif Size: 50 KB


I hope this one is better
  • #7,662
  • Aug 15, 2011 6:32am Aug 15, 2011 6:32am
Quoting shiko
I wonder how to put arrows?
Looking at your chart, the facility for arrows is on the same toolbar as the crosshairs, arrow, fibs etc. Look along the toolbar and you'll see an "A" and a "T". Next one along is the arrow facility. Click it and you'll be presented with a menu, and in there you'll find up and down arrows. Play around with it and all will be revealed!
  • #7,663
  • Aug 15, 2011 6:34am Aug 15, 2011 6:34am
Quoting shiko
eyevoltage, this is actually what I did. save as picture...but loaded with imageshack.
Attachment

I hope this one is better

That was my point, mate. The MT4 charts seem to be reproduced a lot clearer on here than Imageshack's. Give the MT4 "save as picture" facility a go, and see how it turns out.
  • #7,664
  • Aug 15, 2011 6:37am Aug 15, 2011 6:37am
yep, it's better and can be increased.
  • #7,665
  • Aug 15, 2011 6:37am Aug 15, 2011 6:37am
Quoting shiko
I wonder how to put arrows?
Shiko,

For Arrows in MT4, see attached image.

cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Arrows.jpg Size: 72 KB
  • #7,666
  • Aug 15, 2011 6:46am Aug 15, 2011 6:46am
Quoting pgd
Shiko,

For Arrows in MT4, see attached image.

cheers.

Thanks pgd, I got it.
  • #7,667
  • Aug 15, 2011 7:09am Aug 15, 2011 7:09am
2 trades. shorted at 84.78 with stop at 85.08. first went 15 pips in my favor, expected to at least test lower 84.38 price. it went against me. closed for -25 pips. after 15 pin formed and crossed 85.00 I went long. stop of 40 pips at 84.60 trend line formed. first targets around 85.50 closed 2/3 of the trade looking for 86.00-86.40 for the last part. will probably move stop from BE to +20-30 pips if it breaks 86.60.

Attached Image (click to enlarge)
Click to Enlarge Name: oil.gif Size: 55 KB
  • #7,668
  • Aug 15, 2011 7:51am Aug 15, 2011 7:51am
closed the last 1/3 at 85.75 for 75 pips.
  • #7,669
  • Aug 15, 2011 8:17am Aug 15, 2011 8:17am
This one broke the TL, took its own sweet time to retrace back to the TL, and then formed a bearish harami, and a large one at that! Too good to ignore, so entry and exit as shown, after two good momentum candles.
Attached Image
  • #7,670
  • Aug 15, 2011 8:51am Aug 15, 2011 8:51am
well, today is absolutely great day to trade.
another long trade picked 50 pips with 30 pips risk.
entry 86.26, stop 85.96 target was 86.76. market is good for thos ewho knows what to do today.
up 280 pips today. 4 winners 1 loser. great day.

Attached Image (click to enlarge)
Click to Enlarge Name: oil.gif Size: 56 KB
  • #7,671
  • Aug 16, 2011 12:30am Aug 16, 2011 12:30am
had to wait this one out for over 100 mins. before it went +.
entry below day's open as shown after TL break.
exit near mS1 as shown.
Attached Image (click to enlarge)
Click to Enlarge Name: 20110816-01-uch.gif Size: 29 KB
  • #7,672
  • Aug 16, 2011 12:54am Aug 16, 2011 12:54am
another one entered a bit later.
again took a while before it got going.
however, it produced a decent move.

harami at day's open (magenta line).
entry on TL break and below harami.
exit near 11275.
Attached Image (click to enlarge)
Click to Enlarge Name: 20110816-02-ech.gif Size: 32 KB
  • #7,673
  • Aug 16, 2011 1:19am Aug 16, 2011 1:19am
this one worked out smoother:

price didn't quite make it to day's open.
formed a bearish harami there.

entry: 11085 (below harami).
exit : 11052 (near 11050 and pivot).
Attached Image (click to enlarge)
Click to Enlarge Name: 20110816-03-ej.gif Size: 22 KB
  • #7,674
  • Aug 16, 2011 6:25am Aug 16, 2011 6:25am
missed the FH/LO and whatever it had to offer.
another EJ short came up along with my post siesta tea:

TL break following push down from 11050, pivot and ma zone.
entry: 11037
exit : 11024 (near mS1)
Attached Image
  • #7,675
  • Aug 16, 2011 6:32am Aug 16, 2011 6:32am
Quoting pgd
missed the FH/LO and whatever it had to offer.
another EJ short came up along with my post siesta tea:

TL break following push down from 11050, pivot and ma zone.
entry: 11037
exit : 11024 (near mS1)

Good trade. Can I ask why you took the Ej and not the EU trade, which was a very similar setup, but had pretty limited results?

Thanks!
  • #7,676
  • Aug 16, 2011 6:50am Aug 16, 2011 6:50am
Trend-line break, retracement and a comparatively sudden (strong momentum) drop to within a pip or two of S1. Entry and exit as indicated.
Attached Image
  • #7,677
  • Aug 16, 2011 7:12am Aug 16, 2011 7:12am
Couple of easy trades on the Aussie replete with EV style price tags (I had no idea how to do that until a couple of pages back).

http://i288.photobucket.com/albums/l...example-96.gif
  • #7,678
  • Aug 16, 2011 7:19am Aug 16, 2011 7:19am
Quoting mysterio
Couple of easy trades on the Aussie replete with EV style price tags (I had no idea how to do that until a couple of pages back).

http://i288.photobucket.com/albums/l...example-96.gif

And I bet it frustrated the hell out of you! Been there, done that!!!
Glad you'll be able to sleep now, mate!
Nice trades, by the way.
  • #7,679
  • Aug 16, 2011 7:22am Aug 16, 2011 7:22am
Quoting Delite
Good trade. Can I ask why you took the Ej and not the EU trade, which was a very similar setup, but had pretty limited results?

Thanks!
Delite,

really didn't make a choice between the two.
when i opened mt4 the ej setup was staring me in the face. grabbed it even before drawing the TL.

incidentally, as you may have noticed of late, if good setups appear in two pairs around the same time, i tend to take both.
  • #7,680
  • Edited 8:48am Aug 16, 2011 8:30am | Edited 8:48am
price pushes through pivot and retraces to take support.
a nice hammer is formed there followed by a PL pattern.
we're in on b/o of pattern.

entry: 12580
exit1: 12600 (also yest's ~high)
s/l : at b/e

edit:

the live candle in the chart closed red and a shooting star followed (16:25).
i'm out.
Attached Image (click to enlarge)
Click to Enlarge Name: 20110816-05-gj.gif Size: 22 KB
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