Psych Levels, Pivots, and Trendlines - Resurrected | Page 387 | 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

  • #7,721
  • Aug 23, 2011 2:43am Aug 23, 2011 2:43am
Yesterday was pretty stressful day. First I was watching 81.50 level which was important level since Friday and also coincided with PP at 81.75.
so, when price broke under 81.50 I sold at 81.43 with stop at 81.83.
My plan was if trade fails and breaks above PP I would buy depending on price action at 81.80.

Then suddenly oil stopped responding and I ended hanging in there with no idea what was going on.
Contacted live help they told me I can contact support. meanwhile price went into some profit, then again and then reversed and hit my stop.
When oil started moving again there was this gap as you see and I had to enter at worse price later 82.05 and picked about 40 pips trading back my loss. Then the whole day was pretty choppy for me but still positive especially that broker returned the money lost due to technical issue as it was on their side.
It was really nice.

Attached Image (click to enlarge)
Click to Enlarge Name: oil.gif Size: 53 KB
  • #7,722
  • Aug 24, 2011 4:13am Aug 24, 2011 4:13am
Morning, folks.....

This one after a long retrace from the xx50, back to the Main Pivot line, then a break back up through the resulting TL. Entry and exit as shown.
Attached Image
  • #7,723
  • Aug 24, 2011 6:47am Aug 24, 2011 6:47am
I watched price dropping through the confluence formed by the MA, Main Pivot line and xx00, and then retracing back up towards the xx00, which it didn't quite reach. A drop down below the lows of the retracement candles, and I was in as indicated. A strong momentum drop took price down to around the mid-point level, where I bailed out.
Attached Image
  • #7,724
  • Aug 24, 2011 10:04am Aug 24, 2011 10:04am
This one was taken after a harami with a long upper shadow had formed on the mid-point level, followed by another candle with a long upper shadow. I actually missed this, and subsequently had to wait for a possible break of the developing TL. By the time price had breached the TL, it was getting very close to the Main Pivot line, so again, a bit of a wait, especially as there had been a lot of previous tests of the MPL for support. In the end, strong momentum ended all doubts and my entry and exit was as shown.
Attached Image
  • #7,725
  • Aug 24, 2011 10:16am Aug 24, 2011 10:16am
Quoting eyevoltage
I watched price dropping through the confluence formed by the MA, Main Pivot line and xx00, and then retracing back up towards the xx00, which it didn't quite reach. A drop down below the lows of the retracement candles, and I was in as indicated. A strong momentum drop took price down to around the mid-point level, where I bailed out.
Hi EV
Nice one.

I missed this, note to self, eat lunch at computer.

GU gave some great trades this pm. Don't know whats going on with the good lady lately, she's stroppy after LO. Maybe she needs US vol to do her thing.
  • #7,726
  • Aug 24, 2011 10:28am Aug 24, 2011 10:28am
Quoting Vantage
Hi EV
Nice one.

I missed this, note to self, eat lunch at computer.

GU gave some great trades this pm. Don't know whats going on with the good lady lately, she's stroppy after LO. Maybe she needs US vol to do her thing.
Thanks, mate. Isn't LO around 10 or 11 am in your neck of the woods? I'M stroppy around LO (if I'm up!), but it's 8.00am here, so I've more right than she has to be stroppy!!
Give her my best, by the way.
  • #7,727
  • Aug 24, 2011 10:38am Aug 24, 2011 10:38am
Quoting eyevoltage
Thanks, mate. Isn't LO around 10 or 11 am in your neck of the woods? I'M stroppy around LO (if I'm up!), but it's 8.00am here, so I've more right than she has to be stroppy!!
Give her my best, by the way.
We are 1hr ahead, so LO is 9am here atm but we go 2 hrs ahead when DST kicks in.

Didn't mean Mrs V stroppy, I meant GU!!
  • #7,728
  • Aug 25, 2011 6:12am Aug 25, 2011 6:12am
Took long trade after price failed to break PP to downside.
Entry 85.50. stop 85.30 TP 85.75 just under mid point. The kind of the market these few days that it's better to take profit. nothing is running.

Attached Image (click to enlarge)
Click to Enlarge Name: oil.gif Size: 53 KB
  • #7,729
  • Aug 29, 2011 8:03am Aug 29, 2011 8:03am
A nice symmetrical triangle that has been forming around R1 since approx. 7.30am here in the UK. A clean break and a satisfactory conclusion!
Attached Image
  • #7,730
  • Aug 30, 2011 8:15am Aug 30, 2011 8:15am
TL break.
retrace ending with ss below pivot followed by hanging man.
entry: 11819
exit1 : 11805 (near rn)
had moved stop to b/e for balance and was holding for 11780.
as i write, balance position is stopped out at b/e.
Attached Image (click to enlarge)
Click to Enlarge Name: 20110830-ech-01.gif Size: 28 KB
  • #7,731
  • Aug 31, 2011 6:37am Aug 31, 2011 6:37am
Gone very quiet on this thread lately. I have to admit that I've been a bit too busy with other duties, so I couldn't get too involved with trading. This 5m Eur/Chf chart shows two great TL break opportunities that I missed today. The two blue circles give approx. entry areas, and if traded, could have yielded around 90 to 100 pips or so.
Nothing complicated.....dead simple.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf0014.gif Size: 17 KB
  • #7,732
  • Sep 1, 2011 1:38am Sep 1, 2011 1:38am
have not been trading till today.
  • #7,733
  • Edited 4:37am Sep 1, 2011 4:11am | Edited 4:37am
a bunch of hanging men and shooting stars straddling day's open (thick magenta) called this well behaved short. entry below 50.

entry: 1.1548
exit1: 1.1500
holding bal. with s/l above S1 (approx. 90p locked in).

edit:

exit2: 1.1393 (near mS2)
Attached Image (click to enlarge)
Click to Enlarge Name: 20110901-ech-01.gif Size: 25 KB
  • #7,734
  • Sep 1, 2011 4:30am Sep 1, 2011 4:30am
Quoting pgd
a bunch of hanging men and shooting stars straddling day's open (thick magenta) called this well behaved short. entry below 50.

entry: 1.1548
exit1: 1.1500
holding bal. with s/l above S1 (approx. 90p locked in).
PGD... whats the RSI indicator u are using with the contracting and expanding dash lines?? Thanks.. Danc
  • #7,735
  • Sep 1, 2011 4:51am Sep 1, 2011 4:51am
Quoting danc
PGD... whats the RSI indicator u are using with the contracting and expanding dash lines?? Thanks.. Danc

lol... just trying something out, dan. seen it somewhere, don't recall where.
those are boll. bands with standard settings slapped on to rsi8.
when they squeeze hard near/in o/b // o/s area and rsi breaks out of them the other way, I've seen strong moves following. more a visual thing than anything else.
  • #7,736
  • Sep 1, 2011 4:58am Sep 1, 2011 4:58am
Quoting danc
PGD... whats the RSI indicator u are using with the contracting and expanding dash lines?? Thanks.. Danc
Dan, might be worth looking at this if you haven't already.

http://www.forexfactory.com/showthread.php?t=7984
Follow, don't anticipate.
  • #7,737
  • Sep 1, 2011 7:38am Sep 1, 2011 7:38am
Quoting Ian
Dan, might be worth looking at this if you haven't already.

http://www.forexfactory.com/showthread.php?t=7984
Thanks Ian.. and PGD..
  • #7,738
  • Sep 1, 2011 8:04am Sep 1, 2011 8:04am
Quoting pgd
lol... just trying something out, dan. seen it somewhere, don't recall where.
those are boll. bands with standard settings slapped on to rsi8.
when they squeeze hard near/in o/b // o/s area and rsi breaks out of them the other way, I've seen strong moves following. more a visual thing than anything else.
Just run it with the W8... on 5 min chart..run it on EUUD and the DXY.. just taken possie at 4286.. gives very clear enter point..
  • #7,739
  • Sep 1, 2011 8:06am Sep 1, 2011 8:06am
will see if it runs a bit..
  • #7,740
  • Sep 1, 2011 1:33pm Sep 1, 2011 1:33pm
Quoting Ian
Dan, might be worth looking at this if you haven't already.

http://www.forexfactory.com/showthread.php?t=7984
ah! that's where it was, then...
thanks for the link, Ian.
have you tried this out and built some reliability stats?
7 traders viewing now