Psych Levels, Pivots, and Trendlines - Resurrected | Page 421 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #8,401
  • May 1, 2013 8:36am May 1, 2013 8:36am
ev, snail,

great trades!
i napped thru them.
  • #8,402
  • Edited May 2, 2013 1:59am May 1, 2013 10:09am | Edited May 2, 2013 1:59am
Quoting pgd
ev, snail, great trades! i napped thru them.
Sorry, pg. Humble apologies.
  • #8,403
  • May 2, 2013 7:21am May 2, 2013 7:21am
I missed this one. Not good day today....
Attached Image (click to enlarge)
Click to Enlarge Name: uj ev 2-5.png Size: 95 KB
  • #8,404
  • May 3, 2013 3:08am May 3, 2013 3:08am
Today UJ similar set up. This time i got it.
Attached Image (click to enlarge)
Click to Enlarge Name: uj ev 5-3.png Size: 42 KB
  • #8,405
  • May 3, 2013 4:19am May 3, 2013 4:19am
Quoting snail69
Today UJ similar set up. This time i got it. {image}
Good one, snail. I saw it, but was otherwise engaged at the time.
  • #8,406
  • May 3, 2013 5:30am May 3, 2013 5:30am
Quoting snail69
Today UJ similar set up. This time i got it. {image}
hi snail,

the dotted blue vertical u have drawn equates to 4 pm japan time.
i recall u mentioning 8 am japan time.
have i got something wrong here?
  • #8,407
  • May 3, 2013 8:36am May 3, 2013 8:36am
GU short - m5

a nice quick one.

price rose above mR1 and dropped back.
tried to get back there but not quite.
the effort ended with a bunch of dojis and a s/s (marked with rectangle) forming below mR1.
then price dropped off giving the entry marked.

entry: 1.55474 (below dojis and s/s)
exit : 1.5490 (near sr-zone - green band marked at bottom).
Attached Image (click to enlarge)
Click to Enlarge Name: gu_short_20130503.gif Size: 37 KB
  • #8,408
  • May 3, 2013 9:21am May 3, 2013 9:21am
Quoting pgd
{quote} hi snail, the dotted blue vertical u have drawn equates to 4 pm japan time. i recall u mentioning 8 am japan time. have i got something wrong here?
Nope, all right. That is London Open line.
  • #8,409
  • Edited 9:36am May 3, 2013 9:23am | Edited 9:36am
Quoting pgd
GU short - m5 a nice quick one. price rose above mR1 and dropped back. tried to get back there but not quite. the effort ended with a bunch of dojis and a s/s (marked with rectangle) forming below mR1. then price dropped off giving the entry marked. entry: 1.55474 (below dojis and s/s) exit : 1.5490 (near sr-zone - green band marked at bottom). {image}
Very nice, NFP trade.

You sold, however, against the main pivot.
  • #8,410
  • May 3, 2013 10:19am May 3, 2013 10:19am
Quoting snail69
{quote} Very nice, NFP trade. You sold, however, against the main pivot.
true.
however, if you look at the h1 chart, you will see why i did that.
  • #8,411
  • May 4, 2013 7:26am May 4, 2013 7:26am
I trade NFP only on EU. Was with family out, otherwise would trade as marked on chart. Inside bar break , entry long, than exit according to price behaviour.
Attached Image (click to enlarge)
Click to Enlarge Name: nfp.png Size: 49 KB
  • #8,412
  • May 7, 2013 6:15am May 7, 2013 6:15am
After struggling with GU a bit, this one was OK.
Attached Image (click to enlarge)
Click to Enlarge Name: uj ev 5-7.png Size: 43 KB
  • #8,413
  • May 7, 2013 6:18am May 7, 2013 6:18am
GU trade(s) - 1 loss not well managed trade and 1 win.
Attached Image (click to enlarge)
Click to Enlarge Name: gu ev 5-7.png Size: 43 KB
  • #8,414
  • May 7, 2013 7:30am May 7, 2013 7:30am
Snail, good to see your trades. However, it would be good if you could expand a little and let us know your thinking behind your entry point i.e. patterns, S/R levels etc. You know, fleshing it out a bit. Hope that's OK?
  • #8,415
  • May 7, 2013 9:56am May 7, 2013 9:56am
5m GU......

I was watching the initial fall, and waited to see what would happen around the S1 and the Weekly S1 zone. When I saw the consolidation forming on the mid-point, especially the little bullish spinning-top, I waited to see what would happen next. The small drop was enough for me to enter at the point indicated. I really didn't expect it to drop so sharply though! Exit as shown.
Attached Image
  • #8,416
  • May 7, 2013 10:29am May 7, 2013 10:29am
Quoting eyevoltage
5m GU...... I was watching the initial fall, and waited to see what would happen around the S1 and the Weekly S1 zone. When I saw the consolidation forming on the mid-point, especially the little bullish spinning-top, I waited to see what would happen next. The small drop was enough for me to enter at the point indicated. I really didn't expect it to drop so sharply though! Exit as shown. {image}
EV, glad to see you got a nice trade on GU. I struggled even was right to short it. After I closed it then it fell ...
  • #8,417
  • May 7, 2013 10:44am May 7, 2013 10:44am
Quoting snail69
{quote} EV, glad to see you got a nice trade on GU. I struggled even was right to short it. After I closed it then it fell ...
My trusty MAs always show me the way, snail. I almost never trade against them.
  • #8,418
  • May 7, 2013 7:10pm May 7, 2013 7:10pm
Quoting snail69
{quote} EV, glad to see you got a nice trade on GU. I struggled even was right to short it. After I closed it then it fell ...
same here, snail.
i went short below previous day's low somewhere below 15520 and exited just above where ev went short.

nice one, ev
  • #8,419
  • May 7, 2013 7:56pm May 7, 2013 7:56pm
Yes, GU trades were alongside MAs but still was not confident it them. UJ compensated nicely that.

All trades after pullback to previous levels and then trades initiated after flag.
Attached Image (click to enlarge)
Click to Enlarge Name: uj ev 5-7.png Size: 95 KB
  • #8,420
  • May 8, 2013 7:22am May 8, 2013 7:22am
hey ev !

see anything?
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