Symmetrical triangle formed across the mid-point level. Entry and exit as indicated.
Psych Levels, Pivots, and Trendlines - Resurrected
- #7,961
- Jan 19, 2012 5:59am Jan 19, 2012 5:59am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
- #7,962
- Jan 19, 2012 6:08am Jan 19, 2012 6:08am
Symmetrical triangle formed across the mid-point level. Entry and exit as indicated.
I missed it as I was focusing on EURUSD. Where was your stoploss located on that one? Was it the halfway line through the pendent?
Cheers
Adam
WARNING: Don't follow me as I'm just learning
- #7,963
- Jan 19, 2012 6:23am Jan 19, 2012 6:23am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Hi Eyevoltage
I missed it as I was focusing on EURUSD. Where was your stoploss located on that one? Was it the halfway line through the pendent?
Cheers
Adam
My SL was just under the mid-point line, which made the R:R roughly 1:1.
- #7,966
- Jan 19, 2012 8:08am Jan 19, 2012 8:08am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
ev,
great trades as always!
Great to see you! How they hanging, brother?
- #7,968
- Jan 20, 2012 9:40pm Jan 20, 2012 9:40pm
- | Joined Feb 2009 | Status: Trader | 2,444 Posts
ev,
great trades as always!
Yes, EV's trades are always like from Webinar how to properly trade FX
- #7,970
- Jan 23, 2012 9:15am Jan 23, 2012 9:15am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Two nice examples from the 5m cable chart.
The yellow circle shows how price broke through the consolidation formed by the MA, the quarterly-point line and the sloping trendline. An entry after the breakout and a possible exit at the mid-point line would have yielded around 15 pips. The blue rectangle highlights the small period of consolidation along the mid-point line, before price continued northwards to the next quarterly-point line where it came to a halt. Again, a possible 15 pips or thereabouts could have been taken.
The yellow circle shows how price broke through the consolidation formed by the MA, the quarterly-point line and the sloping trendline. An entry after the breakout and a possible exit at the mid-point line would have yielded around 15 pips. The blue rectangle highlights the small period of consolidation along the mid-point line, before price continued northwards to the next quarterly-point line where it came to a halt. Again, a possible 15 pips or thereabouts could have been taken.
- #7,971
- Jan 23, 2012 9:16am Jan 23, 2012 9:16am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
- #7,972
- Jan 23, 2012 6:21pm Jan 23, 2012 6:21pm
Two nice examples from the 5m cable chart.
The yellow circle shows how price broke through the consolidation formed by the MA, the quarterly-point line and the sloping trendline. An entry after the breakout and a possible exit at the mid-point line would have yielded around 15 pips. The blue rectangle highlights the small period of consolidation along the mid-point line, before price continued northwards to the next quarterly-point line where it came to a halt. Again, a possible 15 pips or thereabouts could have been taken.
How did you know to stay in the trade, past the consolidation zone in the blue rectangle?
Thanks
Adam
WARNING: Don't follow me as I'm just learning
- #7,973
- Jan 24, 2012 3:34am Jan 24, 2012 3:34am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Hi Eyevoltage
How did you know to stay in the trade, past the consolidation zone in the blue rectangle?
Thanks
Adam
I wasn't in a trade, mate. I posted the chart as an example for reference. I was actually showing TWO separate POSSIBLE trades; hence I wouldn't have been in a trade at the time of the consolidation zone.
- #7,975
- Jan 24, 2012 6:59am Jan 24, 2012 6:59am
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
I wouldn't have been in a trade at the time of the consolidation zone.
One Chart is Worth Ten Thousand Words.
- #7,976
- Jan 24, 2012 8:01am Jan 24, 2012 8:01am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
I like your cautious approach, EV!
- #7,977
- Feb 2, 2012 10:02am Feb 2, 2012 10:02am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Afternoon, folks.
Been pretty busy at home just lately.......not much time to post anything, so I'm slipping these (today's) trades in, all at once.
First one from a rising wedge on the main-pivot line. Second one from a symmetrical triangle on a quarter-point line. Third one from a flag after price moved back up to the main-pivot line.
A pretty good haul, purely and simply from observing how price has reacted at major or minor S/R pivot lines, and acting on said information.
Been pretty busy at home just lately.......not much time to post anything, so I'm slipping these (today's) trades in, all at once.
First one from a rising wedge on the main-pivot line. Second one from a symmetrical triangle on a quarter-point line. Third one from a flag after price moved back up to the main-pivot line.
A pretty good haul, purely and simply from observing how price has reacted at major or minor S/R pivot lines, and acting on said information.
- #7,978
- Feb 2, 2012 11:19am Feb 2, 2012 11:19am
- | Joined Aug 2007 | Status: I keep my eyes open | 1,108 Posts
First one from a rising wedge on the main-pivot line. Second one from a symmetrical triangle on a quarter-point line. Third one from a flag after price moved back up to the main-pivot line.
A pretty good haul, purely and simply from observing how price has reacted at major or minor S/R pivot lines, and acting on said information.
One Chart is Worth Ten Thousand Words.
- #7,979
- Feb 2, 2012 2:57pm Feb 2, 2012 2:57pm
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Great trades, EV! Simple and logical. How it should be.
- #7,980
- Feb 8, 2012 5:35am Feb 8, 2012 5:35am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Just look at the consolidation along the quarterly-point line, and all those long upper shadows, signifying lots of bearish pressure! It paid off with a strong momentum drop to the next quarterly-point down!
I might continue to post the occasional chart in the hope that others might contribute, but it really does look likely that this thread is dead.
I might continue to post the occasional chart in the hope that others might contribute, but it really does look likely that this thread is dead.
