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Psych Levels, Pivots, and Trendlines - Resurrected

  • #8,281
  • Apr 9, 2013 8:30am Apr 9, 2013 8:30am
Quoting snail69
Let's see. {image}
I see your TL finally broke, snail. If it makes it up to R1, it could be worth around 20 pips or so.


Edit: Yep, it made it around 5 minutes after I posted this.
Attached Image
  • #8,282
  • Apr 9, 2013 8:44am Apr 9, 2013 8:44am
Quoting eyevoltage
I see your TL finally broke, snail. If it makes it up to R1, it could be worth around 20 pips or so. Edit: Yep, it made it around 5 minutes after I posted this. {image}
EV I am still in...
  • #8,283
  • Apr 9, 2013 8:47am Apr 9, 2013 8:47am
Quoting snail69
EV I am still in...
You must be waiting for the break through R1 then?
  • #8,284
  • Apr 9, 2013 9:42am Apr 9, 2013 9:42am
Quoting eyevoltage
You must be waiting for the break through R1 then?
EV, do not have pivots on. Looking at price behaviour, HL, LH, candles and several timeframes.
  • #8,285
  • Edited 7:01pm Apr 10, 2013 1:04am | Edited 7:01pm
Good morning EV. That GU trade is still on ...LOL now still around 1RR. Had nice trade on UJ earlier. Put back pivots on. Would be a nice target at R2, but closed earlier. Still a bit over 2RR. Opened a bit too early. Need practice more patience. Again same problem with charts, will post later.

Edit: GU closed for over 1RR.

Edit2 : chart attached finally....
Attached Image (click to enlarge)
Click to Enlarge Name: uj ev.gif Size: 40 KB
  • #8,286
  • Apr 10, 2013 1:14am Apr 10, 2013 1:14am
Quoting snail69
Good morning EV. That GU trade is still on ...LOL now still around 1RR. Had nice trade on UJ earlier. Put back pivots on. Would be a nice target at R2, but closed earlier. Still a bit over 2RR. Opened a bit too early. Need practice more patience. Again same problem with charts, will post later.
Good morning, snail. I'm pleased that you've put the pivot points back on, because they always were the essential basis of acumen's method. As you can see from my charts, I always use pivots and sometimes TL's, making up patterns like flags, triangles, wedges etc. These have always given me enough possibilities without using psych-numbers, which tend to confuse things for me, which is why I leave them off.
Look forward to seeing your chart, snail.
  • #8,287
  • Apr 10, 2013 5:18am Apr 10, 2013 5:18am
15m GU..........

I mentioned just recently that MAs can be used as S/R points. This is a beautiful example. A harami formed after the previous candle had touched the 34ema. The initial push upwards after that gave me pause for thought, but then price started dropping and when it dropped below the low of the harami, I thought it was worth jumping in for a few pips. Entry and exit are as shown, and it seems I got out at just the right time, before price started up again.

Edit: There was another very obvious example just before the above trade. However, I was away from the computer at the time.
Attached Image
  • #8,288
  • Apr 10, 2013 6:15am Apr 10, 2013 6:15am
Quoting eyevoltage
15m GU.......... I mentioned just recently that MAs can be used as S/R points. This is a beautiful example. A harami formed after the previous candle had touched the 34ema. The initial push upwards after that gave me pause for thought, but then price started dropping and when it dropped below the low of the harami, I thought it was worth jumping in for a few pips. Entry and exit are as shown, and it seems I got out at just the right time, before price started up again. Edit: There was another very obvious example just before the above trade. However,...
nice one there, ev!
  • #8,289
  • Apr 10, 2013 6:48am Apr 10, 2013 6:48am
Quoting pgd
nice one there, ev!
Thanks, pg. Hope you and yours are keeping well.
  • #8,290
  • Apr 10, 2013 8:21am Apr 10, 2013 8:21am
Anyone catch this one? This occurred shortly after I went to bed and missed it. Oh well...always more opportunities in this market.

Pivot + 0020
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 19 KB
  • #8,291
  • Apr 10, 2013 8:29am Apr 10, 2013 8:29am
Quoting biDc
Anyone catch this one? This occurred shortly after I went to bed and missed it. Oh well...always more opportunities in this market. Pivot + 0020 {image}
Hi biDc.
I woudn't have taken this one, seeing as the MAs on my chart were of a "long" bias. However, I can see what you mean by the nice large harami candle!
  • #8,292
  • Apr 10, 2013 10:04am Apr 10, 2013 10:04am
5m UJ.....

Another potential trade initiated by an MA acting as support, with a nice harami candle indicating a very likely move upwards. Entry as shown, with exit at R1, or perhaps further on, judging by the stronger candles.
Attached Image
  • #8,293
  • Apr 10, 2013 7:04pm Apr 10, 2013 7:04pm
Quoting eyevoltage
5m UJ..... Another potential trade initiated by an MA acting as support, with a nice harami candle indicating a very likely move upwards. Entry as shown, with exit at R1, or perhaps further on, judging by the stronger candles. {image}
EV, a nice one as usually...
  • #8,294
  • Apr 10, 2013 7:55pm Apr 10, 2013 7:55pm
UJ, Asia session earlier today. Right around R3 then to R2 ( fib based pivots)
Attached Image (click to enlarge)
Click to Enlarge Name: uj ev1.gif Size: 24 KB
  • #8,295
  • Apr 11, 2013 1:14am Apr 11, 2013 1:14am
Quoting snail69
UJ, Asia session earlier today. Right around R3 then to R2 ( fib based pivots) {image}
Nice trade, snail. Do you prefer fib pivots as opposed to the standard ones?
  • #8,296
  • Edited 5:36am Apr 11, 2013 1:20am | Edited 5:36am
Quoting eyevoltage
Nice trade, snail. Do you prefer fib pivots as opposed to the standard ones?
Good morning EV. Somehow yes. Took long on EU after bounce of FPV and pullback to EMAs.

Edit: 2nd entry - after harmonic long BAT as well
Attached Image (click to enlarge)
Click to Enlarge Name: eu ev 4-11.gif Size: 40 KB
  • #8,297
  • Apr 11, 2013 4:55am Apr 11, 2013 4:55am
Quoting snail69
Good morning EV. Somehow yes. Took long on EU after bounce of FPV and pullback to EMAs. {image}
Really nice trade, snail. Could you maybe show your entry and exit points with labels like I do? Well done, brother.
  • #8,298
  • Apr 11, 2013 5:14am Apr 11, 2013 5:14am
Quoting eyevoltage
Really nice trade, snail. Could you maybe show your entry and exit points with labels like I do? Well done, brother.
Thanks EV. You showed the way..... Price tags added and will be in future.
  • #8,299
  • Apr 11, 2013 5:16am Apr 11, 2013 5:16am
Quoting snail69
Thanks EV. You showed the way..... Price tags added and will be in future.
Thanks, mate. Much appreciated.
  • #8,300
  • Apr 13, 2013 12:08am Apr 13, 2013 12:08am
Two trades on UJ.

1) After bounce of Open Price level harami within reversal pattern. Exit around S2.

2) Bounce off S2 and then exit around S3

In both cases after nice flags.
Attached Image (click to enlarge)
Click to Enlarge Name: uj ev 4-12.png Size: 96 KB
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