Psych Levels, Pivots, and Trendlines - Resurrected | Page 425 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #8,481
  • Jul 15, 2013 5:59am Jul 15, 2013 5:59am
Quoting pgd
{quote} hey snail! what's the 'DO' line you mentioned? thanks.
DO = Daily Opening? Apologies to Snail.
  • #8,482
  • Jul 15, 2013 7:19am Jul 15, 2013 7:19am
EU - M5 - Shorts

missed some cool continuation shorts:

1] b/o from symmetrical |> across main pivot.

2] b/o from wedge across mS1.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_m5_20130715.jpg Size: 65 KB
  • #8,483
  • Jul 15, 2013 9:49am Jul 15, 2013 9:49am
Quoting pgd
EU - M5 - Shorts missed some cool continuation shorts: 1] b/o from symmetrical |> across main pivot. 2] b/o from wedge across mS1. {image}

Don't feel bad, brother. They're easy to overlook sometimes.
  • #8,484
  • Jul 15, 2013 10:07am Jul 15, 2013 10:07am
Quoting eyevoltage
{quote} Don't feel bad, brother. They're easy to overlook sometimes.

not at all, ev.
i just put it up in the hope that it may be of use to someone.
  • #8,485
  • Jul 17, 2013 7:25am Jul 17, 2013 7:25am
15m Usd/Jpy......

These are two opportunities that I missed because of being involved with other priorities. A nice long bullish wedge first of all, that would have led to a potential 30 pips or so. The second one was as a result of a retrace to a midpoint level, where a "sash" pattern formed and then it would have been a long wait for price to finally crawl over R1 for around probably less than 20 pips.
I'm posting them for for anybody who's interested.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy1013.png Size: 35 KB
  • #8,486
  • Jul 17, 2013 8:25am Jul 17, 2013 8:25am
15m nzd/usd.....

The brief retrace to the midpoint level, and forming a high-wave candle, after the huge bullish candle, and then continuing up was a quick opportunity to pick up 14 pips or so. Those small 1 candle retraces are always worth watching to see what comes next!
Attached Image
  • #8,487
  • Edited 5:11pm Jul 17, 2013 1:36pm | Edited 5:11pm
Quoting eyevoltage
15m nzd/usd..... The brief retrace to the midpoint level, and forming a high-wave candle, after the huge bullish candle, and then continuing up was a quick opportunity to pick up 14 pips or so. Those small 1 candle retraces are always worth watching to see what comes next! {image}
agreed about the small 1-candle retraces. I also like them a lot on H4 and D1. the resumption breakouts can be caught on m5/m15 with small stop-losses easily for a 100+ pip move. I've heard someone refer to these retraces as "stutters". I like the term.
  • #8,488
  • Jul 18, 2013 3:17am Jul 18, 2013 3:17am
Quoting pgd
{quote} agreed about the small 1-candle retraces. I also like them a lot on H4 and D1. the resumption breakouts can be caught on m5/m15 with small stop-losses easily for a 100+ pip move. I've heard someone refer to these retraces as "stutters". I like the term.
Thanks for that, pg. "Stutter" is a very apt name for that 1-candle retrace!! I'll have to keep a watch on the higher TF's and check them out.
  • #8,489
  • Jul 18, 2013 5:48am Jul 18, 2013 5:48am
15m GU.......

One of the simplest set-ups within this method and I missed it! A simple trend-line along the pull-back, a breakout and then a nice climb up to the midpoint level. Worth around 35 to 40 pips.
Attached Image
  • #8,490
  • Jul 18, 2013 6:21am Jul 18, 2013 6:21am
Quoting eyevoltage
15m GU....... One of the simplest set-ups within this method and I missed it! A simple trend-line along the pull-back, a breakout and then a nice climb up to the midpoint level. Worth around 35 to 40 pips. {image}
yes, that was quite straightforward...
but, don't feel bad, brother. They're easy to overlook sometimes.
  • #8,491
  • Jul 18, 2013 6:23am Jul 18, 2013 6:23am
Quoting pgd
{quote} yes, that was quite straightforward... but, don't feel bad, brother. They're easy to overlook sometimes.

Cheeky!
  • #8,492
  • Jul 18, 2013 9:33am Jul 18, 2013 9:33am
15m USD/JPY.......

A dragonfly doji, followed by a spinning-top, on the confluence of the 13ema and the midpoint level, initiated this trade. Entry and exit as shown. SL was just below the 34ema.
Attached Image
  • #8,493
  • Jul 18, 2013 4:42pm Jul 18, 2013 4:42pm
Quoting eyevoltage
{quote} Cheeky!

didn't mean to be, brother.
was just joking.
my apologies if i hurt you.
  • #8,494
  • Jul 19, 2013 2:40am Jul 19, 2013 2:40am
Quoting pgd
{quote} didn't mean to be, brother. was just joking. my apologies if i hurt you.

Pg, I was having a laugh as well! Don't worry about it!
  • #8,495
  • Edited 9:04am Jul 19, 2013 8:17am | Edited 9:04am
NJ - M5 - Long

couldn't ask for a nicer trade to close the week with ...

Price --
retraces into the main pivot during the asian session (blue box).
forms a triple bottom along the pivot.
forms a bullish harami (white ellipse) on the pivot half way into FH (grey box).
rises from there making a higher low with a long lower wick.
a 1-bar retrace and b/o provides a nice entry around LO back into the clean daily up trend.

entry : 79.20
exit 1: 79.67 ( near R1)
exit 2: 80.04 (near R2)
s/l (initial) : 79.00 (below the HL)
s/l trailed as indicated on chart.

let's see if the trend continues to remain organised and offers another long on monday.
Attached Image (click to enlarge)
Click to Enlarge Name: nj_m5_20130719.png Size: 32 KB
  • #8,496
  • Jul 22, 2013 8:31am Jul 22, 2013 8:31am
Some nice trades EV and PGD. Will contribute later. These days having Forex free days. Need to recharge.
  • #8,497
  • Jul 24, 2013 8:08am Jul 24, 2013 8:08am
15m EU........................

Nice double top formed across R1, with the dip in the middle stopping right on the midpoint level before drifting back up again to finally form the said DT. Entry and exit as shown.
  • #8,498
  • Jul 24, 2013 8:09am Jul 24, 2013 8:09am
...............and here's the chart!!
Attached Image
  • #8,499
  • Aug 1, 2013 1:16pm Aug 1, 2013 1:16pm
Psych-lines.......

Been watching psych-lines for a while now, and decided to post these two opportunities from exclusively psych-line charts. I didn't actually trade these, but I think I'll be watching them pretty closely from now on, without the pivot lines. Same sort of patterns to look out for. In the first one, a bearish engulfing candle initiates this trade, and in the second, a nice symmetrical triangle pattern. Suggested entry and exit shown for each example.
Attached Images
  • #8,500
  • Aug 6, 2013 5:09am Aug 6, 2013 5:09am
15m EU.......

After a short period of consolidation along the main pivot line, price started moving north. The MA's were starting to spread and move up, which was a promising indication, so I entered as shown. SL was placed under the MA's.
Attached Image
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