I took a long at 3211, and yes, if the signs are right, I'll take a short, but I'll probably wait until price has dropped through the mid-point level.
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Psych Levels, Pivots, and Trendlines - Resurrected
- #8,041
- Mar 26, 2012 7:02am Mar 26, 2012 7:02am
- #8,042
- Mar 28, 2012 11:21am Mar 28, 2012 11:21am
I would like to thank you Acumen for his videos showing how Pivots, Psych Levels, Trendlnes and Fibs work.
It is very simple concept and easy to apply but very powerful.
Wish you success in your prosperous life.
It is very simple concept and easy to apply but very powerful.
Wish you success in your prosperous life.
- #8,044
- Mar 29, 2012 12:39am Mar 29, 2012 12:39am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
hi guys where can i get the video
- #8,045
- Apr 2, 2012 7:48am Apr 2, 2012 7:48am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Go to YouTube and subscribe to "thefxpivotpoint".
- #8,046
- Apr 2, 2012 8:59am Apr 2, 2012 8:59am
That would have been a beauty EV. I missed it but got a later rejection of the pivot/RN area. Please excuse the range bar chart, I entered on a lh at 109.95 after the RN held (the first time!). Fortunately I decided to leave my stop above the pivot at 110.10 and avoided a stop out by a whisker..
I exited after a hl at 109.28 for +67.
I exited after a hl at 109.28 for +67.
Follow, don't anticipate.
- #8,047
- Apr 2, 2012 9:47am Apr 2, 2012 9:47am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
That would have been a beauty EV. I missed it but got a later rejection of the pivot/RN area. Please excuse the range bar chart, I entered on a lh at 109.95 after the RN held (the first time!). Fortunately I decided to leave my stop above the pivot at 110.10 and avoided a stop out by a whisker..
I exited after a hl at 109.28 for +67.
Attachment
Attachment
- #8,049
- Edited 6:50am Apr 4, 2012 6:44am | Edited 6:50am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Thought you might like this one. S1 is right under the 75 line.
Price moves up to previous R level at S1/75. A doji then a dragon fly doji.
Didn't want to break lower and I exited with a few pips as I was watching gj and was up much more there.
Cheers, brother.
Edit: After checking my 15m chart out, it seems that I missed a nice bearish harami pattern, V., which set off the drop to the mid-point, yielding around 20 pips or so.
- #8,051
- Apr 4, 2012 7:44am Apr 4, 2012 7:44am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Saw this small period of consolidation along the mid-point level, and just waited for the break-out.
- #8,052
- Apr 4, 2012 8:17am Apr 4, 2012 8:17am
- Joined Mar 2007 | Status: Trader | 7,195 Posts
Saw this small period of consolidation along the mid-point level, and just waited for the break-out.
It looked like this on 5 min. Exit at WS2, S2, 15 combo area also.
Not a bad idea, capstone. I was only experimenting with a naked chart, and only going back a few months or so. Still, the results were quite surprising. Those lines are like magnets!!
- #8,054
- Apr 17, 2012 3:59am Apr 17, 2012 3:59am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
A pull-back to the mid-point level (blue ellipse), and then a continuance up to R1.
A pull-back to the mid-point level (blue ellipse), and then a continuance up to R1.
Ive been speaking to someone who uses weekly & monthly pivots a lot - and generally ignores the daily ones (for 20 pip moves I dont think they should be ignored!). Interestingly your trade went up to WP at 106.24 before retracing. May be worth watching for WP & MPs if they are in close proximity to daily pivots like this as you may run more profit from the trade.
- #8,056
- Apr 17, 2012 5:35am Apr 17, 2012 5:35am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Thought I would drop by. There was also a trade breaking out of falling TL on 15m chart that runs thro Asian session. Entry on breakout & above 40sma (I know its not your own preference but its been recommended to me so I am seeing how effecive it is) at 105.55. Original push up from DP at 105.36 (actually there was a micro falling TL there on 5 min, breakout 105.40 but too close to previous weeks low).
Ive been speaking to someone who uses weekly & monthly pivots a lot - and generally ignores the daily ones (for 20 pip moves I dont think they...
- #8,059
- Apr 19, 2012 5:16pm Apr 19, 2012 5:16pm
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Blimey. Thread is quiet. This week has been much better for trading. Trends are easier! Anyway, thought I would attach this as its a currency that you guys dont trade much if I remember correctly. Dont ignore it, as there have been a few good trades recently.
Its only a small scalp today but you will see, despite all my pivot, psychs and fib lines, that currency trades to this threads principles. Also note the varied trendlines and reaction to them.
I will attach another chart in a few minutes.
This pair is one I actually do check out from time to time, mate.You're late on tonight, brother. Burning the candle at both ends?
Closing down until the morning. Take care.
Wow! All those lines!!!!!! Barry, don't know how you cope!!
You're late on tonight, brother. Burning the candle at both ends?
Closing down until the morning. Take care.
Night night. I know you need your sleep old boy. http://www.forexfactory.com/images/icons/icon10.gif