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Psych Levels, Pivots, and Trendlines - Resurrected

  • #7,901
  • Nov 18, 2011 6:18am Nov 18, 2011 6:18am
Quoting eyevoltage
On 15m charts, I use 30ema. If I drop down to 5m charts, then I have a 90ema equivalent on there.
Thanks. I have taken the sweetspots and phych leves off my charts. doing my head in looking at all those lines! added a 30 ema though.
  • #7,902
  • Nov 18, 2011 6:19am Nov 18, 2011 6:19am
entered above 3525-R1
target was around R2-3600 , once I saw the agressive momentum.
Exited in 2 parts as shown
Attached Image (click to enlarge)
Click to Enlarge Name: eu 18 nov.jpg Size: 172 KB
  • #7,903
  • Nov 18, 2011 6:30am Nov 18, 2011 6:30am
Quoting iak
Thanks. I have taken the sweetspots and phych leves off my charts. doing my head in looking at all those lines! added a 30 ema though.
Yeah, I have to admit that I did the same a while ago, for the same reasons!! I just don't like clutter on the chart, so I just try and be aware of any major psych-lines in the vicinity of any potential trades.
  • #7,904
  • Nov 18, 2011 6:32am Nov 18, 2011 6:32am
Quoting david4u
entered above 3525-R1
target was around R2-3600 , once I saw the agressive momentum.
Exited in 2 parts as shown
Nice flag, david, and a very nice result.
Spot on!
  • #7,905
  • Edited 6:49am Nov 18, 2011 6:34am | Edited 6:49am
im in long again. just above last high point at 36017. aiming for 36234

out at BE. cup of tea and sit on my hands for a bit i think.
  • #7,906
  • Nov 18, 2011 6:45am Nov 18, 2011 6:45am
Done for the day. Busy afternoon coming up.
  • #7,907
  • Nov 22, 2011 1:56am Nov 22, 2011 1:56am
Entered above DP+D Open
Exited before LO
Attached Image (click to enlarge)
Click to Enlarge Name: EU 22Nov.jpg Size: 146 KB
  • #7,908
  • Nov 22, 2011 8:53am Nov 22, 2011 8:53am
Quoting david4u
Entered above DP+D Open
Exited before LO
Nice trade, David. Been otherwise occupied today, which is why I haven't been on before now, although I was logged in.

This is a nice one on the 15m Cable.

After the bullish engulfing pattern formed right under the quarterly pivot line, the next candle barely touched/tested for support before heading up. Entry above the high of the engulfing candle. The MA came in handy as a S/R reference point and a decision maker as to whether to stay in or not.
Attached Image
  • #7,909
  • Nov 22, 2011 9:43am Nov 22, 2011 9:43am
This is a sort of follow-up to the last trade.

After price hit the MA and then retraced to the mid-point level, a nice dragonfly doji formed. The next candle blew through the MA, and entry was just above the high of the retracement candle prior to the doji. I was happy to exit just above the quarterly-point level with a nice quick profit.
Attached Image
  • #7,910
  • Nov 22, 2011 9:55am Nov 22, 2011 9:55am
M5 chart, a little runaway south for some quick profit.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #7,911
  • Nov 22, 2011 9:59am Nov 22, 2011 9:59am
Quoting capstone
M5 chart, a little runaway south for some quick profit.
Hi capstone. Can you tell me where exactly your entry point was? Just curious, brother!
  • #7,912
  • Nov 22, 2011 10:04am Nov 22, 2011 10:04am
1.3515. The first fall away from the resistance was the intial set, the following candle gave me pause, the signal candle came, and enter on the break of the body. SL is very small this way. Riskier than the M15 chart though....I still like your style and am trying to get a feel for those M15 sticks.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #7,913
  • Nov 22, 2011 10:12am Nov 22, 2011 10:12am
Quoting capstone
1.3515. The first fall away from the resistance was the intial set, the following candle gave me pause, the signal candle came, and enter on the break of the body. SL is very small this way. Riskier than the M15 chart though....I still like your style and am trying to get a feel for those M15 sticks.
Thanks for the info, capstone. Much appreciated. It helps when one can see exact entry and exit points.

As for 15m charts...... Go on YouTube, and subscribe to Steve Nison's charts. He goes by the handle of "candlemannj". You'll find a short video on there showing examples of trading 15m candles with Pivot Points. Well worth watching.

Thanks again, brother!
  • #7,914
  • Nov 22, 2011 10:17am Nov 22, 2011 10:17am
I will try to add those things you add to your photos next time. Also, thanks for the video info. He has a lot of videos on there, I will look through them. I have read "Beyond Candlesticks" and found it very useful. Thanks again.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #7,915
  • Nov 22, 2011 10:19am Nov 22, 2011 10:19am
I would like to echo thanks, EV, for the Steve Nison info. I found his videos a few days ago and they are very good.

Hope all is well
  • #7,916
  • Nov 22, 2011 10:30am Nov 22, 2011 10:30am
Quoting Delite
I would like to echo thanks, EV, for the Steve Nison info. I found his videos a few days ago and they are very good.

Hope all is well
You're welcome, Delite, and the same to capstone as well.

All is much the same as usual here, thanks for asking. Hope your trading is going from strength to strength!
  • #7,917
  • Nov 23, 2011 8:43am Nov 23, 2011 8:43am
Quoting eyevoltage
Thanks for the info, capstone. Much appreciated. It helps when one can see exact entry and exit points.

As for 15m charts...... Go on YouTube, and subscribe to Steve Nison's charts. He goes by the handle of "candlemannj". You'll find a short video on there showing examples of trading 15m candles with Pivot Points. Well worth watching.

Thanks again, brother!
I'm guessing it's this one

http://www.youtube.com/user/candlema.../0/b7SPaq8dr7I
  • #7,918
  • Nov 23, 2011 9:20am Nov 23, 2011 9:20am
Quoting makwana
I'm guessing it's this one

http://www.youtube.com/user/candlema.../0/b7SPaq8dr7I
That's the one, my friend.
  • #7,919
  • Nov 24, 2011 4:53am Nov 24, 2011 4:53am
morning. just watched that you tube vid. interesting. thanks. i am in short after 30 ema was broken.
  • #7,920
  • Nov 24, 2011 5:11am Nov 24, 2011 5:11am
Quoting iak
morning. just watched that you tube vid. interesting. thanks. i am in short after 30 ema was broken.
Morning, iak. Would that be EU? If so, it's hung up on the quarter-point line at the moment, with a very bullish candle trying to breach the MA.
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