Psych Levels, Pivots, and Trendlines - Resurrected | Page 408 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #8,141
  • Aug 9, 2012 8:49am Aug 9, 2012 8:49am
Nice trade pg, higher low following divergence, love it.
  • #8,142
  • Aug 9, 2012 8:56am Aug 9, 2012 8:56am
Quoting Vantage
Nice trade pg, higher low following divergence, love it.
thanks, vantage.

u're right.
missed mentioning the HL.
  • #8,143
  • Aug 9, 2012 9:01am Aug 9, 2012 9:01am
Quoting pgd
Here's one on EJ that followed as a reversal after ev's trade.

bullish divergence at mS2.
price rises to S1 area where it reacts to form a rising triangle.

entry: above triangle
exit : mS1

Good one, pg. As someone who very rarely uses indicators like RSI, MACD etc., divergence isn't something I usually bother with. However, this was a nice spot, brother, and just wanted to say well done.
  • #8,144
  • Aug 9, 2012 9:02am Aug 9, 2012 9:02am
Quoting Vantage
Yes pg on next candle, entries from 5 min as usual.

Thks EV always well.
Glad to hear all is well, mate. My very best to your good lady wife.
  • #8,145
  • Edited 10:05am Aug 9, 2012 9:29am | Edited 10:05am
Quoting eyevoltage
Good one, pg. As someone who very rarely uses indicators like RSI, MACD etc., divergence isn't something I usually bother with. However, this was a nice spot, brother, and just wanted to say well done.
thanks.
do forgive the rsi

here's one in progress that followed.

bullish flag b/o.
retrace and reaction to mS1 forming doji
entry as marked above doji
targeting the Pivot (yellow line).
s/l at b/e.

tell me if you liked this one.

edit:

stalling just short of pivot which is also RN __00
exited at 96.97
Attached Image (click to enlarge)
Click to Enlarge Name: ej_long2_m5.gif Size: 15 KB
  • #8,146
  • Aug 9, 2012 9:58am Aug 9, 2012 9:58am
Quoting pgd
thanks.
do forgive the rsi

here's one in progress that followed.

bullish flag.
reaction to mS1 forming doji
entry as marked above doji
targeting the Pivot (yellow line).
s/l at b/e.

tell me if you liked this one.
Another good one, pg. Given a bit of volatility, these flags, pennants, triangles etc., occur on a regular basis and are well worth looking out for, as they prove time and time again.
  • #8,147
  • Aug 9, 2012 10:30am Aug 9, 2012 10:30am
Quoting eyevoltage
Another good one, pg. Given a bit of volatility, these flags, pennants, triangles etc., occur on a regular basis and are well worth looking out for, as they prove time and time again.
so true, ev!
  • #8,148
  • Edited Aug 10, 2012 2:28am Aug 9, 2012 10:53am | Edited Aug 10, 2012 2:28am
EJ's being kind today.

it struggled to make the pivot (also RN __00)
couple of long upper wicks, including
a shooting star.
an almost solid down close (just a tiny lower wick).
note that these 2 candles (encircled in the chart below),
if viewed on the M10 TF, would be a shooting star / gravestone doji!

entry: 96.92 (on break below as marked)
exit 1: mS1
exit 2: S1

this one, getting back in sync with the daily trend, turned out to be the best of them all!
Attached Image (click to enlarge)
Click to Enlarge Name: ej_short_m5.gif Size: 13 KB
  • #8,149
  • Aug 9, 2012 11:21am Aug 9, 2012 11:21am
Quoting pgd
EJ's being kind today.

it struggled to make the pivot (also RN __00)
couple of long upper wicks, including
a shooting star.
an almost solid down close (just a tiny lower wick).

entry: 96.92 (on break below as marked)
exit 1: mS1
exit 2: S1

this one, getting back in sync with the daily trend, turned out to be the best of them all!
The potential reversals that "nearly" tested S/R but didn't quite, a lot of the time end up with a nice move. Nice trade, brother.
  • #8,150
  • Aug 9, 2012 11:36am Aug 9, 2012 11:36am
Quoting eyevoltage
The potential reversals that "nearly" tested S/R but didn't quite, a lot of the time end up with a nice move. Nice trade, brother.
yes, ev.

credit goes to you, entirely...
i've seen u take these and over time the possibility has likely entered my sub-conscious...
  • #8,151
  • Aug 10, 2012 1:41am Aug 10, 2012 1:41am
Quoting eyevoltage
Good one, pg. As someone who very rarely uses indicators like RSI, MACD etc., divergence isn't something I usually bother with. However, this was a nice spot, brother, and just wanted to say well done.
EV a higher low/lower high following divergence (on any time frame) is a decent set up. I understand you need to stick with what works for you, just thought I'd mention it.
  • #8,152
  • Aug 10, 2012 1:58am Aug 10, 2012 1:58am
Quoting Vantage
EV a higher low/lower high following divergence (on any time frame) is a decent set up. I understand you need to stick with what works for you, just thought I'd mention it.
Morning, V. Thanks for the advice. Hope all is well with you and yours. Am I correct in thinking that you've more time for the thread these days, as opposed to family business?
  • #8,153
  • Aug 10, 2012 2:18am Aug 10, 2012 2:18am
Quoting eyevoltage
Morning, V. Thanks for the advice. Hope all is well with you and yours. Am I correct in thinking that you've more time for the thread these days, as opposed to family business?
1st big contract (32000 sqm's built in a year) coming to a close, its a long weekend here Thur a holiday and off again today. The next 2 contracts are lined up but not signed yet. So I might have a little more time for a while, at least more than posting my D views on the blog for Mrs V to see what I'm thinking for the day (and of course to keep my trading eye in).

Yes we are all well, blessed to have these kinds of contracts in current economic times.

Hope all is well your side.

Regards as usual.
  • #8,154
  • Aug 10, 2012 2:22am Aug 10, 2012 2:22am
Quoting Vantage
EV a higher low/lower high following divergence (on any time frame) is a decent set up.
EJ going into yesterdays trading, 4hr lower high following divergence. Just thought I'd chuck that in. The W pivots (more on thread topic) working really well also.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 17 KB
  • #8,155
  • Aug 10, 2012 2:25am Aug 10, 2012 2:25am
Quoting Vantage
EJ going into yesterdays trading, 4hr lower high following divergence. Just thought I'd chuck that in. The W pivots (more on thread topic) working really well also.
Above chart. Bottom left at the lows, higher low after divergence nice trade also.
  • #8,156
  • Aug 10, 2012 2:34am Aug 10, 2012 2:34am
Quoting Vantage
1st big contract (32000 sqm's built in a year) coming to a close, its a long weekend here Thur a holiday and off again today. The next 2 contracts are lined up but not signed yet. So I might have a little more time for a while, at least more than posting my D views on the blog for Mrs V to see what I'm thinking for the day (and of course to keep my trading eye in).

Yes we are all well, blessed to have these kinds of contracts in current economic times.

Hope all is well your side.

Regards as usual.
Not only Mrs V checking up on what you're thinking..
Follow, don't anticipate.
  • #8,157
  • Aug 10, 2012 2:42am Aug 10, 2012 2:42am
Quoting Ian
Not only Mrs V checking up on what you're thinking..
Cheers Ian. Just decided I'm not going to do re-entry on GU (15/85 trade just completed) time for tea. Mrs V still reading/snoozing. Her last slave died from over work.
  • #8,158
  • Aug 10, 2012 2:49am Aug 10, 2012 2:49am
Good morning traders,

what do you think, i have shorted the e/u right now - reason trendline break on m15 and H4 yesterday.

Looking for target around 1.221... (H4)

Charts:

Attached Image (click to enlarge)
Click to Enlarge Name: shortff.gif Size: 15 KB


Attached Image (click to enlarge)
Click to Enlarge Name: shortffh4.gif Size: 13 KB


Regards

Chriss
  • #8,159
  • Aug 10, 2012 2:54am Aug 10, 2012 2:54am
Nice to see a psych levels and pivots thread on here, this is how I trade mainly.
  • #8,160
  • Aug 10, 2012 3:19am Aug 10, 2012 3:19am
Quoting GDR3k
Nice to see a psych levels and pivots thread on here, this is how I trade mainly.
We've been around a long time, mate. Welcome to you and chrissfx. Hope you stick around.
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