Psych Levels, Pivots, and Trendlines - Resurrected | Page 401 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Adr, psych levels, demand & supply trading 15 replies

Standard Pivots and Fibonnaci Pivots? 9 replies

EUR/USD 5min - Trendlines and Pivots 379 replies

Important psych levels 1 reply

Too many drawn Trendlines all same look: how to draw Trendlines with different look? 2 replies

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

Psych Levels, Pivots, and Trendlines - Resurrected

  • #8,001
  • Feb 15, 2012 7:23am Feb 15, 2012 7:23am
This one kind of took me by surprise. I noted the spinning top and doji side by side just above the quarterly-point, and waited to see whether or not price would start rising. When it dropped through the quarterly-point, I entered as indicated, thinking it would bounce off the mid-point level. Instead, it dropped through to just above the next quarterly-point, where I gratefully exited. I can see as I type this that I exited prematurely.
Attached Image
  • #8,002
  • Feb 16, 2012 2:08am Feb 16, 2012 2:08am
Quoting eyevoltage
I wouldn't have taken those flags, Pete. Some might have, but to me, price had already peaked and was on its way down. Number 4 crossed down over the psych-line, but then price tested for resistance and was rejected. It tested again at number 5, but was again rejected and you'll notice that a doji formed right on the psych-line followed by price sinking again. 3200 looked at that time to be impenetrable, so a bullish movement definitely didn't seem to be on the cards. However, after the 5 "flag", you'll notice that price did move up a little...
Many thanks for your input EV, will take on board!

Pete
  • #8,003
  • Feb 20, 2012 3:12am Feb 20, 2012 3:12am
Quoting eyevoltage
This one kind of took me by surprise.
I like pleasant surprises like that, EV

Great trades!
One Chart is Worth Ten Thousand Words.
  • #8,004
  • Feb 20, 2012 5:03am Feb 20, 2012 5:03am
Quoting Forex007
I like pleasant surprises like that, EV

Great trades!
Thanks, F007..........waiting for the best potential set-ups is always the best way to go!
  • #8,005
  • Feb 21, 2012 3:26am Feb 21, 2012 3:26am
Morning, folks.
Missed this one earlier. A nice spinning-top formed right on MR1 after a short period of consolidation. I've indicated where I would have entered (after the break of R1) and exited. A more aggressive entry, of course would have been just above the high of the spinning-top.
Attached Image
  • #8,006
  • Feb 21, 2012 4:16am Feb 21, 2012 4:16am
Another EU 15m trade, but I managed this one! After the hammer-type retrace candle on R1, price continued down and entry was just under the low of said hammer. Exit around the quarterly-point, which isn't marked on this chart.
Attached Image
  • #8,007
  • Feb 21, 2012 6:47am Feb 21, 2012 6:47am
Quoting eyevoltage
Another EU 15m trade, but I managed this one! After the hammer-type retrace candle on R1, price continued down and entry was just under the low of said hammer. Exit around the quarterly-point, which isn't marked on this chart.
Nice trade, EV! Interesting how many ways there are to skin a cat - one could have entered also at "Double Top" (where, also, price failed to close above that prior swing's Close) and exited at prior swing's Low. With a similar results to yours. It's the profit that counts, at the end of the day.
One Chart is Worth Ten Thousand Words.
  • #8,008
  • Feb 21, 2012 8:10am Feb 21, 2012 8:10am
Quoting Forex007
Nice trade, EV! Interesting how many ways there are to skin a cat - one could have entered also at "Double Top" (where, also, price failed to close above that prior swing's Close) and exited at prior swing's Low. With a similar results to yours. It's the profit that counts, at the end of the day.
You saw more than me, 007. I never even considered the double top! As you say, more than one way to skin a cat! That's what's so good about this business.
  • #8,009
  • Feb 21, 2012 10:50am Feb 21, 2012 10:50am
This is another one that I missed due to other commitments.

A bullish piercing pattern (blue rectangle) formed between the Main Pivot line and MR1, and entry would have been just above the MR1, as indicated. My choice of exit is indicated just above R1.

All this goes to show just how good, high-probability chances occur with this method when we get some good movement in the market.

Attached Image
  • #8,010
  • Feb 22, 2012 6:17am Feb 22, 2012 6:17am
In this one, price retraced to S2, where a dragonfly doji indicated indecision. Price then resumed its downward path towards MS2. It didn't give any indication of being a strong move, so I bailed out as indicated before it decided to reverse!
Attached Image
  • #8,011
  • Feb 22, 2012 8:32am Feb 22, 2012 8:32am
Anyone know of an indicator which draw ZONES based on FIBOS, PIVOTS, S/R , GANN?
The indi should draw a ZONE when all 4 conditions are in certain (x-range- ) pip-ZONE.
Would be great if this exists and maybe anyone like to code or share this here with all
greetings zackery
  • #8,012
  • Mar 15, 2012 6:32pm Mar 15, 2012 6:32pm
Quoting eyevoltage
In this one, price retraced to S2, where a dragonfly doji indicated indecision. Price then resumed its downward path towards MS2. It didn't give any indication of being a strong move, so I bailed out as indicated before it decided to reverse!
I've just stumbled across this thread and this is very similar to what my ideal trading method has been! Don't stop posting!!! As soon as I am done digesting this thread I will be sure to join
  • #8,013
  • Mar 22, 2012 9:04am Mar 22, 2012 9:04am
Been a while since I posted on this thread, but there still seems to be some interest in this worthwhile method. I'm not surprised, seeing as it's a very simple approach to trading!
The chart I'm posting is the 15m EJ, and it shows three possible trades so far today (since I got up, anyway!). The yellow circles highlight possible entry points and each probability was a high-probability opportunity.
Seeing as I have nowhere else to go, I might as well stay on here and post the occasional chart, and take it from there if others reciprocate.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy1117.gif Size: 20 KB
  • #8,014
  • Mar 22, 2012 9:31am Mar 22, 2012 9:31am
Quoting eyevoltage
Been a while since I posted on this thread, but there still seems to be some interest in this worthwhile method. I'm not surprised, seeing as it's a very simple approach to trading!
The chart I'm posting is the 15m EJ, and it shows three possible trades so far today (since I got up, anyway!). The yellow circles highlight possible entry points and each probability was a high-probability opportunity.
Seeing as I have nowhere else to go, I might as well stay on here and post the occasional chart, and take it from there if others reciprocate.
Maestro returns. Great to see you post again. Glad youve not gone somewhere else. They wont appreciate uncomplicated charts. Such a shame you missed the EJ trade. I did likewise because my bloody computer is in for repairs.

Using my laptop only but it cant handle all the currencies at once & crashed this morning with 2 trades open. I closed them both immediately for +11 each as I couldnt see what was happening & trading has been about scalping the last couple of weeks as quick retraces, and a need for larger stops. Until yesterday! EU made +30 & EURGBP made +20. Both after breaking early trendlines. V frustrating missing the continuation.
Sorry I cant attach chart as MT4 is locked up again! Do check out EU for trendline break (also pushed down from 13250 psych, entry 13236), and EG for trendline and DP 8339, entry 8335, confluence break at 7.30am
  • #8,015
  • Mar 22, 2012 9:56am Mar 22, 2012 9:56am
Thanks for the reply to my post, brother, and nice to be in touch again. Sorry about your computer.......bloody frustrating when one's trying to trade great set-ups!!
I guess I started posting again because, to be honest, I missed the inter-action of the thread, even though regular posters of the past seem to have disappeared completely from FF.
Hope you get your computer probs sorted out soon, mate.
Take care.
  • #8,016
  • Mar 22, 2012 10:01am Mar 22, 2012 10:01am
which MA and pivot indicator are you using? Can you post the pivot indicator? It looks very clean.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #8,017
  • Edited 10:54am Mar 22, 2012 10:44am | Edited 10:54am
Quoting capstone
which MA and pivot indicator are you using? Can you post the pivot indicator? It looks very clean.
It's a 50ema, mate. The pivot indicator is "FXI Pivots" and is available from the list of attachments where the paper-clip symbol is, above the first post of the page.


Edit: Oh, if you like to have mid-levels you'll need the Pivot Mid-Levels indicator, available from the same source as FXI.
  • #8,018
  • Mar 22, 2012 10:45am Mar 22, 2012 10:45am
Quoting eyevoltage
It's a 50ema, mate. The pivot indicator is "FXI Pivots" and is available from the list of attachments where the paper-clip symbol is, above the first post of the page.
Thank you sir.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #8,019
  • Mar 22, 2012 10:58am Mar 22, 2012 10:58am
Quoting capstone
Thank you sir.
You're very welcome, brother.
  • #8,020
  • Mar 22, 2012 11:06am Mar 22, 2012 11:06am
A follow on from the previous chart......

A shooting-star and a dragonfly doji right on S2 (yellow circle), before price drops to the mid-point level. Could have netted around 30 pips or so.
Attached Image
8 traders viewing now