Psych Levels, Pivots, and Trendlines - Resurrected | Page 398 | Forex Factory

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Attachments: Psych Levels, Pivots, and Trendlines - Resurrected
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Psych Levels, Pivots, and Trendlines - Resurrected

  • #7,941
  • Dec 7, 2011 1:44am Dec 7, 2011 1:44am
Yeah, got these 2 ones

Hopefully may be something similar is happening now at around R1. will see.
  • #7,942
  • Dec 8, 2011 9:16am Dec 8, 2011 9:16am
Afternoon, folks.

A nice flag retracing to the Main Pivot line after a dramatic drop, followed by another drop to just above S1. Wonder if anyone knows exactly why there's been these large movements in Cable and Fibre today? Obviously something to do with the "gasbags" in the EU Summit, but can anyone narrow it down, I wonder?
Attached Image
  • #7,943
  • Dec 9, 2011 4:34am Dec 9, 2011 4:34am
Morning, folks.
Another flag pattern, this time retracing down across a quarterly-point line, before heading north again.
Attached Image
  • #7,944
  • Dec 9, 2011 5:04am Dec 9, 2011 5:04am
Following on......

Another bullish flag, this time forming across the Main Pivot line, before heading north again to the mid-point line where I exited. Prematurely, as it turns out!!
Attached Image
  • #7,945
  • Dec 13, 2011 9:56am Dec 13, 2011 9:56am
EV - the master of the flags!
One Chart is Worth Ten Thousand Words.
  • #7,946
  • Dec 13, 2011 2:12pm Dec 13, 2011 2:12pm
Quoting Forex007
EV - the master of the flags!
Too kind.
  • #7,947
  • Dec 14, 2011 4:05am Dec 14, 2011 4:05am
Quoting eyevoltage
Too kind.
It has always been amazing to me how few people can consistently stick to simple things that work (in trading). That's why I like your charts so much: simple, clean, logical and consistent.
One Chart is Worth Ten Thousand Words.
  • #7,948
  • Dec 14, 2011 6:10am Dec 14, 2011 6:10am
Quoting Forex007
It has always been amazing to me how few people can consistently stick to simple things that work (in trading). That's why I like your charts so much: simple, clean, logical and consistent.
I can thank acumen for that, F007. It was seeing his charts that helped me. Sadly, from what I've heard, he's no longer on the trading scene, but I'll always be grateful for him showing us how simple trading can be. Whatever he's doing now, I wish him well.
  • #7,949
  • Dec 15, 2011 6:58am Dec 15, 2011 6:58am
After the bullish piercing pattern across the mid-point line, price advanced upwards in fits and starts. Entry and exit as shown.
Attached Image
  • #7,950
  • Dec 24, 2011 2:55am Dec 24, 2011 2:55am
eyevoltage,
vantage,
islander,
medici,
ian,
dan,
delite
and all others,

Wish You All A Merry Christmas
&
A Happy and Pip-loaded Year to Fllw.

pg
  • #7,951
  • Dec 25, 2011 1:58pm Dec 25, 2011 1:58pm
Quoting pgd
eyevoltage,
vantage,
islander,
medici,
ian,
dan,
delite
and all others,

Wish You All A Merry Christmas
&
A Happy and Pip-loaded Year to Fllw.

pg
A belated season's greetings to you, pg, plus all those you mentioned and any others who drop in from time to time.

God's blessings on all of you.
  • #7,952
  • Dec 26, 2011 8:58am Dec 26, 2011 8:58am
Quoting eyevoltage
A belated season's greetings to you, pg, plus all those you mentioned and any others who drop in from time to time.

God's blessings on all of you.
many thanks.
  • #7,953
  • Jan 3, 2012 9:28am Jan 3, 2012 9:28am
Best wishes for the New Year to everyone.

First trade of the year and it's a blinder.

A nice flag pattern across a psych-line (Pivots were no longer in play after R3 was breached). Entry just above the high of the breakout candle and exit as shown.
Attached Image
  • #7,954
  • Jan 3, 2012 9:37am Jan 3, 2012 9:37am
Nice one eyevoltage. Happy New Year to you as well.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #7,955
  • Jan 3, 2012 9:44am Jan 3, 2012 9:44am
Quoting capstone
Nice one eyevoltage. Happy New Year to you as well.
Thank you, brother.

  • #7,956
  • Jan 3, 2012 10:07am Jan 3, 2012 10:07am
Another flag pattern, this time stretching between 2 psych-lines. (R3 breached on this pair as well as EU). Entry and exit as indicated.
Attached Image
  • #7,957
  • Jan 3, 2012 10:10am Jan 3, 2012 10:10am
Quoting eyevoltage
Best wishes for the New Year to everyone.

First trade of the year and it's a blinder.

A nice flag pattern across a psych-line (Pivots were no longer in play after R3 was breached). Entry just above the high of the breakout candle and exit as shown.
With such a small range on Mon don't really think pivots would be worth much today in any event. A very nice trade though. With $ weak across the board and some strength in cad and aud they gave some nice trades today also.

All the best to you and your better half this year EV, cheers.
  • #7,958
  • Jan 3, 2012 10:12am Jan 3, 2012 10:12am
Quoting Vantage
With such a small range on Mon don't really think pivots would be worth much today in any event. A very nice trade though. With $ weak across the board and some strength in cad and aud they gave some nice trades today also.

All the best to you and your better half this year EV, cheers.
Thank you, V. The same to you and my very best wishes to your good lady wife.
  • #7,959
  • Jan 4, 2012 9:52am Jan 4, 2012 9:52am
Unfortunately, not been able to trade today due to other commitments, but I've been keepin an eye on developments.

I'm posting a chart of the 5m EU, showing the great opportunities that cropped up since this morning. None of which I took advantage of, I might add!

1) A wedge rising to the Main Pivot line. Potentially 30 pips approx.
2) Probably a BE trade after a pull-back to the mid-point line.
3) A bearish engulfing pattern right on the mid-point line. Potentially 35 pips approx.
4) A short spell of consolidation on S1, with a hanging-man and a doji forming before price dropped, giving approx. 20-23 pips.
5) Another bearish engulfing pattern slightly below S1, after the engulfed
candle tested for resistance. Potentially 27 to 48 pips on offer,
depending on where one chose to exit.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1166.gif Size: 15 KB
  • #7,960
  • Jan 11, 2012 5:28am Jan 11, 2012 5:28am
Morning, folks.....

A nice flag pattern across the mid-point level initiated this trade, with the entry and exit indicated.
Attached Image
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