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Psych Levels, Pivots, and Trendlines - Resurrected

  • #7,881
  • Nov 16, 2011 8:23pm Nov 16, 2011 8:23pm
Quoting eyevoltage
Morning, folks.
Been a little while since my last post. I'm wondering if it's worth carrying this thread on..........

Anyway, here's a trade I took earlier, but I didn't have the time to post it due to other duties.

After consolidation just above the mid-point level, a beautiful shooting-star developed, followed by a strong momentum bearish candle. As soon as the following candle dropped below the mid-point level, I was in, target being S1. (I'd just finished the trade, when I was called away, hence the delay in posting.)
Hello EV,

Hope this post does not become a duplicate. I had already posted over an hour ago but when I came back to check the other post was gone. I won't try to repeat it. Essentially I was asking if the videos that explained the method were still available. The link at the beginning of the thread did not work.

The direction of a man's steps gives evidence of his hearts intent.

Michael
  • #7,882
  • Nov 17, 2011 3:33am Nov 17, 2011 3:33am
Quoting flyswatter77
Hello EV,

Hope this post does not become a duplicate. I had already posted over an hour ago but when I came back to check the other post was gone. I won't try to repeat it. Essentially I was asking if the videos that explained the method were still available. The link at the beginning of the thread did not work.

The direction of a man's steps gives evidence of his hearts intent.

Michael
I wasn't aware that Mike had taken that website down. If you go to his forum - www.theforexfocus.com - you could try asking him if that stuff is still available elsewhere.
I'm really sorry I can't be of further help to you regarding that, brother, but the method is really very simple and I'm always available on this thread if you need any further assistance.
God bless
  • #7,883
  • Nov 17, 2011 3:54am Nov 17, 2011 3:54am
A nice trendline break on the flag with confluence from the Daily Pivot.
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #7,884
  • Nov 17, 2011 4:03am Nov 17, 2011 4:03am
Quoting capstone
A nice trendline break on the flag with confluence from the Daily Pivot.
Nice one, capstone. Everything seemed to fall into place. Well done!!

  • #7,885
  • Nov 17, 2011 4:26am Nov 17, 2011 4:26am
Loving this pivot indie. Thankyou. will have a read through the thread when get some time. for now i am combining the pivot and mid pivot with candles and it is returning good pips
  • #7,886
  • Nov 17, 2011 4:52am Nov 17, 2011 4:52am
Quoting iak
Loving this pivot indie. Thankyou. will have a read through the thread when get some time. for now i am combining the pivot and mid pivot with candles and it is returning good pips
Good to know, iak. Look forward to seeing your results.
  • #7,887
  • Edited 6:08am Nov 17, 2011 5:05am | Edited 6:08am
in short. bearish doji on 15min eur/usd after touching pivot

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#just took a small loss on this trade and reversed my position due to pivot break and also my trendline break. will exit half my position if it reaches midpoint and the rest if it reaches r1

##ha, taken out again. time to sit on my hands for a bit!
  • #7,888
  • Nov 17, 2011 6:16am Nov 17, 2011 6:16am
Sorry, iak, but I didn't see your post until I'd finished this one. I'm sorry you bombed out on it.

The tweezer-tops aroused my curiosity, and when price dropped below the Main Pivot line and the MA, I was in. It took its time getting down but worth waiting for.
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  • #7,889
  • Nov 17, 2011 6:26am Nov 17, 2011 6:26am
Eyevoltage what SL our you using.
  • #7,890
  • Nov 17, 2011 6:29am Nov 17, 2011 6:29am
Quoting ukcool
Eyevoltage what SL our you using.
If you're referring to the trade I've just posted, then my SL was just above the tweezer-tops, brother.

Hope that helps.
  • #7,891
  • Edited 6:53am Nov 17, 2011 6:52am | Edited 6:53am
Entry to this one above the high of the large hammer. Exit as indicated. SL just under the low of the hammer.


Edit: In case anybody's wondering where the MA went........with price ranging, I just deleted it until another trend gets going.
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  • #7,892
  • Nov 17, 2011 1:47pm Nov 17, 2011 1:47pm
Quoting eyevoltage
Sorry, iak, but I didn't see your post until I'd finished this one. I'm sorry you bombed out on it.

The tweezer-tops aroused my curiosity, and when price dropped below the Main Pivot line and the MA, I was in. It took its time getting down but worth waiting for.

yep messed up early in day and got chopped about. ended day at BE though as caught the move up to 3530. will have another go tomo.
  • #7,893
  • Nov 17, 2011 2:47pm Nov 17, 2011 2:47pm
Quoting eyevoltage
I wasn't aware that Mike had taken that website down. If you go to his forum - www.theforexfocus.com - you could try asking him if that stuff is still available elsewhere.
I'm really sorry I can't be of further help to you regarding that, brother, but the method is really very simple and I'm always available on this thread if you need any further assistance.
God bless
Hi EV,

Thanks for the response. I have tried to PM Mike on the thread that you gave me and we will see. However, I noted that he has not been active over there since last year.

Thanks again for trying,

Michael
  • #7,894
  • Nov 18, 2011 3:46am Nov 18, 2011 3:46am
Morning, folks.

Wonder if anybody spotted this one forming from a lovely spinning-top/doji right on the mid-point line after a retrace from R1? Unfortunately, one of those that always seems to crop up when I'm not around, but I've posted it for example purposes to show what a really nice set-up can consist of.
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  • #7,895
  • Nov 18, 2011 5:08am Nov 18, 2011 5:08am
morning.

would a break down through r1 on 15mineur/usd be a valid trade to go short?

or is just long above daily pivot/short below it?
  • #7,896
  • Nov 18, 2011 5:40am Nov 18, 2011 5:40am
just gone long. price poked r1 and retreated slightly so i placed a buy order just above the poke. aiming for mid point at 35640

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  • #7,897
  • Nov 18, 2011 5:49am Nov 18, 2011 5:49am
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  • #7,898
  • Nov 18, 2011 5:52am Nov 18, 2011 5:52am
Quoting iak
morning.

would a break down through r1 on 15mineur/usd be a valid trade to go short?

or is just long above daily pivot/short below it?
Hi iak....

Speaking for myself, I don't usually stick to the rule - above, go long - below, go short.......... It all depends on where price is in relation to my MA, and if that's showing an up-trend BELOW the Main Pivot line, then I'll happily go long if there's a good set-up showing. I have the same approach when price is ABOVE the Main Pivot line, and is in a down-trend. At the moment, there's a strong up-trend ABOVE the Main Pivot line on EU, so, for me, I wouldn't even consider a short trade.
Hope that helps.

Edit: I hope somebody caught that move on EU just now. It was after a short period of consolidation along R1, and then price just took off into the stratosphere!! It's just now hesitating at R2. Damn, I wish I'd got that one!!

Edit: I really must get into the habit of checking for any latest posts before posting my comments. Once again, I missed your posts, iak, but I see you DID profit, so well done, brother!
  • #7,899
  • Nov 18, 2011 5:59am Nov 18, 2011 5:59am
Quoting eyevoltage
Hi iak....

Speaking for myself, I don't usually stick to the rule - above, go long - below, go short.......... It all depends on where price is in relation to my MA, and if that's showing an up-trend BELOW the Main Pivot line, then I'll happily go long if there's a good set-up showing. I have the same approach when price is ABOVE the Main Pivot line, and is in a down-trend. At the moment, there's a strong up-trend ABOVE the Main Pivot line on EU, so, for me, I wouldn't even consider a short trade.
Hope that helps.

Edit: I hope somebody caught...
what moving average do you use? and is it on the 15 min?
  • #7,900
  • Nov 18, 2011 6:05am Nov 18, 2011 6:05am
Quoting iak
what moving average do you use? and is it on the 15 min?
On 15m charts, I use 30ema. If I drop down to 5m charts, then I have a 90ema equivalent on there.
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