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Psych Levels, Pivots, and Trendlines - Resurrected

  • #8,301
  • Apr 15, 2013 2:27am Apr 15, 2013 2:27am
Quoting snail69
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. {image}
Two good flag trades, snail. Well done!
  • #8,302
  • Apr 15, 2013 3:13am Apr 15, 2013 3:13am
Quoting eyevoltage
Two good flag trades, snail. Well done!
Good morning EV. Earlier this morning missed nice UJ 15 min trade but EU 15 min is now under way. In both cases after FVP bounce. Will see how it ends.
  • #8,303
  • Apr 15, 2013 4:11am Apr 15, 2013 4:11am
Quoting snail69
Good morning EV. Earlier this morning missed nice UJ 15 min trade but EU 15 min is now under way. In both cases after FVP bounce. Will see how it ends.
Yes, good morning, snail. (Not sure what time it is in your time zone!)

The 15m EU trade you mention is a really nice one, with a lovely shooting star candle at the FPV showing the way!! Did you exit the trade at S1?
  • #8,304
  • Apr 15, 2013 5:39am Apr 15, 2013 5:39am
Quoting eyevoltage
Yes, good morning, snail. (Not sure what time it is in your time zone!) The 15m EU trade you mention is a really nice one, with a lovely shooting star candle at the FPV showing the way!! Did you exit the trade at S1?
EV, I am +7 hours from you.

For EU I try to go for S2.
  • #8,305
  • Apr 15, 2013 6:31am Apr 15, 2013 6:31am
Quoting snail69
EV, I am +7 hours from you. For EU I try to go for S2.
Thanks for the info, brother.

Each to their own. Personally, I would have been out at S1 and looking for another opportunity further on.
Price has twice retraced back up, with quite a few higher lows showing. Doesn't look too promising at the moment, snail, with price seemingly stuck on MS1. Nevertheless, good luck with it.
  • #8,306
  • Edited 7:10am Apr 15, 2013 6:48am | Edited 7:10am
Quoting eyevoltage
Thanks for the info, brother. Each to their own. Personally, I would have been out at S1 and looking for another opportunity further on. Price has twice retraced back up, with quite a few higher lows showing. Doesn't look too promising at the moment, snail, with price seemingly stuck on MS1. Nevertheless, good luck with it.
Yeah, usually I trade 5 min so with 15 min would need to amend TP as stops are wider....


Edit: Closed it a bit below BE.
  • #8,307
  • Apr 15, 2013 7:22am Apr 15, 2013 7:22am
Quoting snail69
Yeah, usually I trade 5 min so with 15 min would need to amend TP as stops are wider.... Edit: Closed it a bit below BE.
Thanks for the info, snail. Logical, really!
  • #8,308
  • Apr 15, 2013 7:56am Apr 15, 2013 7:56am
This was missed UJ trade mentioned earlier.

Entry as marked, exit S1 or S2.
Attached Image (click to enlarge)
Click to Enlarge Name: uj ev 4-15.png Size: 65 KB
  • #8,309
  • Apr 15, 2013 8:26am Apr 15, 2013 8:26am
Quoting snail69
This was missed UJ trade mentioned earlier. Entry as marked, exit S1 or S2. {image}

Nice one, mate. I see that the box you drew is on the FPV line. On mine, the same box would have been on the MS1 line. I wonder, could you tell me what your settings are for this fib pivot indicator? I'm curious to know what your "local hours" and "destination hours" are set at, snail.
  • #8,310
  • Apr 16, 2013 7:51am Apr 16, 2013 7:51am
Potential EU 15 min trade today. Outside bar, here, candle, then triangle flag right after FVP and long trade almost 2RR. Exit at S2.
Attached Image (click to enlarge)
Click to Enlarge Name: eu ev 4-16 15 min.png Size: 42 KB
  • #8,311
  • Apr 16, 2013 8:00am Apr 16, 2013 8:00am
This was a long one. UJ 5 min. Exit at R1.
Attached Image (click to enlarge)
Click to Enlarge Name: uj ev 4-16.png Size: 44 KB
  • #8,312
  • Apr 16, 2013 8:26am Apr 16, 2013 8:26am
Hi Snail. You're doing well today.
I'm still in this one on 15m EJ. The retrace towards MR1, and then the fact that it didn't make it, decided me to get in on this one. Unusually for me, I'm still in it as price retraces to R1. If price starts dropping from there, then I'll bail out. By the way, these are Fibonacci pivots.
Attached Image
  • #8,313
  • Apr 16, 2013 8:33am Apr 16, 2013 8:33am
Quoting eyevoltage
Hi Snail. You're doing well today. I'm still in this one on 15m EJ. The retrace towards MR1, and then the fact that it didn't make it, decided me to get in on this one. Unusually for me, I'm still in it as price retraces to R1. If price starts dropping from there, then I'll bail out. By the way, these are Fibonacci pivots. {image}
FIB pivots are great. Your EJ should ok as both UJ and EU are going up....

I am still in GU long it is pain in some place....
  • #8,314
  • Edited 9:26am Apr 16, 2013 8:37am | Edited 9:26am
Quoting snail69
FIB pivots are great. Your EJ should ok as both UJ and EU are going up.... I am still in GU long it is pain in some place....
You're right about fib pivots, mate. They do seem to be very effective. I think this is the longest trade I've ever had! Price is still consolidating along R1, so it's a wait and see scenario right now.

Edit: Exited as price did finally drop below R1 into the MA zone.
  • #8,315
  • Apr 16, 2013 9:48am Apr 16, 2013 9:48am
Quoting eyevoltage
You're right about fib pivots, mate. They do seem to be very effective. I think this is the longest trade I've ever had! Price is still consolidating along R1, so it's a wait and see scenario right now. Edit: Exited as price did finally drop below R1 into the MA zone.
Nice trade.
  • #8,316
  • Apr 16, 2013 11:02pm Apr 16, 2013 11:02pm
Early bird catches the worm, if he is around..... I was not.
Attached Image (click to enlarge)
Click to Enlarge Name: uj ev 4-17.png Size: 36 KB
  • #8,317
  • Apr 17, 2013 12:22am Apr 17, 2013 12:22am
Part 2. Targeting a bit under R2. If ok, then
Attached Image (click to enlarge)
Click to Enlarge Name: uj ev 4-17 part 2.png Size: 139 KB
  • #8,318
  • Apr 17, 2013 7:27am Apr 17, 2013 7:27am
5m GU.

I've been busy on other duties this morning, unfortunately, and only just got back to the screen. This is a "one that got away" , but I thought I'd post it, because it's a lovely set-up. In the blue ellipse there's a bearish engulfing candle, which formed right on the confluence of the 13ema and the midpoint level. The probable entry price is indicated, and the exit would have been around S2, where the two little dojis formed.
Attached Image
  • #8,319
  • Apr 17, 2013 8:07am Apr 17, 2013 8:07am
Always love engulfing in either way.
  • #8,320
  • Apr 17, 2013 8:18am Apr 17, 2013 8:18am
Quoting snail69
Always love engulfing in either way.
Yep, one of my favourite candlestick signals. How've you been doing today, snail?
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