Dislikedah! that's where it was, then...
thanks for the link, Ian.
have you tried this out and built some reliability stats?Ignored
Follow, don't anticipate.
Psych Levels, Pivots, and Trendlines - Resurrected
- #7,744
- Sep 5, 2011 12:10pm Sep 5, 2011 12:10pm
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
taken at break of harami, 11100 and mS1.
entry: 11095
exit1: 11050
bal. trailing at zero risk.
edit:
12 bars later:
divergence on m5,
bullish harami above S1 straddling 11025.
out at 11031.
looking to re-enter around 75 maybe.
Don't know why you bother with RSI and BV. You've got all you need without them. IMHO, of course!!
Nice trade, pg. Seen one or two possibles during the afternoon, this being one of them, but I've been too busy to do anything about it.
Don't know why you bother with RSI and BV. You've got all you need without them. IMHO, of course!!
your very valuable 'HO' always welcome, brother.
it's done me a lot of good.
increase in vol gives better credence to a hammer/ss at reversals. so it acts like a filter.
rsi: for divergence. also, i like it to be closer to o/s//o/b and pointing up//down for longs//shorts.
if you see redundance in this approach or, in other words, how the same info is already available, pl tell me. i'll be happy to let them go.
thanks.
- #7,746
- Sep 5, 2011 2:20pm Sep 5, 2011 2:20pm
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
thanks, ev.
your very valuable 'HO' always welcome, brother.
it's done me a lot of good.
increase in vol gives better credence to a hammer/ss at reversals. so it acts like a filter.
rsi: for divergence. also, i like it to be closer to o/s//o/b and pointing up//down for longs//shorts.
if you see redundance in this approach or, in other words, how the same info is already available, pl tell me. i'll be happy to...
- #7,747
- Sep 6, 2011 11:24am Sep 6, 2011 11:24am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Some dramatic events earlier in the day, but again, I wasn't able to take advantage, unfortunately.
However, just managed to grab this one from 5m Cable. A Harami candle formed on the mid-point level, and the entry is shown as around the low of the Harami itself. Exit was around the target S3. Nice and simple.
However, just managed to grab this one from 5m Cable. A Harami candle formed on the mid-point level, and the entry is shown as around the low of the Harami itself. Exit was around the target S3. Nice and simple.
- #7,748
- Edited 2:03pm Sep 6, 2011 1:38pm | Edited 2:03pm
Some dramatic events earlier in the day, but again, I wasn't able to take advantage, unfortunately.
However, just managed to grab this one from 5m Cable. A Harami candle formed on the mid-point level, and the entry is shown as around the low of the Harami itself. Exit was around the target S3. Nice and simple.
- #7,749
- Sep 6, 2011 2:09pm Sep 6, 2011 2:09pm
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
nice !
See you in the morning.
- #7,750
- Sep 7, 2011 4:38am Sep 7, 2011 4:38am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Morning, all.....
A nice counter-trend trade off the 5m EU.
The spinning-top that formed just above the quarter-line drew my attention, and when the next candle started forming, looking very bearish, I entered as shown. Target was the Main Pivot line, but I let it run to just above the MA and then bailed out. It looks as if I was a bit premature, to be honest!
A nice counter-trend trade off the 5m EU.
The spinning-top that formed just above the quarter-line drew my attention, and when the next candle started forming, looking very bearish, I entered as shown. Target was the Main Pivot line, but I let it run to just above the MA and then bailed out. It looks as if I was a bit premature, to be honest!
- #7,751
- Sep 7, 2011 7:11am Sep 7, 2011 7:11am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Another nice trade after a quite impressive candle pattern (tweezer-tops/bearish engulfing pattern) which formed bang on the Main Pivot line. This time, the target was the quarterly-line, but I bailed just before it. Entry and exit as indicated.
- #7,752
- Sep 7, 2011 7:18am Sep 7, 2011 7:18am
Another nice trade after a quite impressive candle pattern (tweezer-tops/bearish engulfing pattern) which formed bang on the Main Pivot line. This time, the target was the quarterly-line, but I bailed just before it. Entry and exit as indicated.
thanks!
- #7,753
- Sep 7, 2011 7:29am Sep 7, 2011 7:29am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
- #7,754
- Sep 8, 2011 6:22am Sep 8, 2011 6:22am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Did anyone trade this one? I saw the falling wedge forming and planned to enter if price broke the Main Pivot line. However, a quick check revealed that some news was due, so I stayed on the side. Wish I'd took it now! Oh, well. C'est la vie.
- #7,755
- Sep 8, 2011 8:05am Sep 8, 2011 8:05am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Bullish flag forming. TWT.
- #7,756
- Sep 8, 2011 8:28am Sep 8, 2011 8:28am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
After the break of the bullish flag, a quick 14 pips. R1 was the deciding exit factor for me.
- #7,757
- Sep 12, 2011 3:16am Sep 12, 2011 3:16am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Morning, folks.
I missed this nice line reversal a little earlier. It would have yielded around 20-odd pips or so. Two strong momentum candles heading north, and price coming to an abrupt halt at the confluence formed by today's open and the MA, followed by two dojis right on the line. What followed was another two strong momentum candles, this time going south, and this time coming to an abrupt halt at the quarterly line. Very nice.
I missed this nice line reversal a little earlier. It would have yielded around 20-odd pips or so. Two strong momentum candles heading north, and price coming to an abrupt halt at the confluence formed by today's open and the MA, followed by two dojis right on the line. What followed was another two strong momentum candles, this time going south, and this time coming to an abrupt halt at the quarterly line. Very nice.
- #7,758
- Sep 12, 2011 5:55am Sep 12, 2011 5:55am
Hi EV
Are you using a "new" MA ?
Which one is the green line ?
Tks
David
Are you using a "new" MA ?
Which one is the green line ?
Tks
David
Morning, folks.
I missed this nice line reversal a little earlier. It would have yielded around 20-odd pips or so. Two strong momentum candles heading north, and price coming to an abrupt halt at the confluence formed by today's open and the MA, followed by two dojis right on the line. What followed was another two strong momentum candles, this time going south, and this time coming to an abrupt halt at the quarterly line. Very nice.
- #7,759
- Sep 12, 2011 5:59am Sep 12, 2011 5:59am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Hi EV
Are you using a "new" MA ?
Which one is the green line ?
Tks
David
- #7,760
- Sep 13, 2011 4:37am Sep 13, 2011 4:37am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Two trades in relatively quick succession off the 15m EU.....
The first one was from a strong retrace to the Main Pivot line, followed by a dragonfly doji. Entry just under the low of the doji, and exit after price breached the mid-point line. The second one was after a large shooting star had formed by pushing above the Main Pivot level and then dropping back below. Entry just under the low of the SS, and exit as price reached the mid-point level.
Again, very simple and straightforward.
The first one was from a strong retrace to the Main Pivot line, followed by a dragonfly doji. Entry just under the low of the doji, and exit after price breached the mid-point line. The second one was after a large shooting star had formed by pushing above the Main Pivot level and then dropping back below. Entry just under the low of the SS, and exit as price reached the mid-point level.
Again, very simple and straightforward.
