Psych Levels, Pivots, and Trendlines - Resurrected
Thanks for the charts, markmm. You'll have to forgive me, but I'm not as comfortable with bar-charts as you obviously are. What does BUOB indicate, for example? Also, could you get on MT4 properties and tick your "Show OHLC" box? That way, we can see at a glance your time frame and currency pair in the top left corner. Thanks in advance, markmm.
{quote} Hi EV, I learned price action from the J16 thread/private forum so I am kinda used to bars. A BUOB is a bullish outside bar which is similar to engulfing but you just look for the low and high to engulf the low and high of previous bar and you also want the close to be above the high of the previous bar and near the high of the bar. I will include the Pair and TF from now on, I had used a clipping tool and not included that, probably better to just use MT4s chart saving functions. Regards Mar
Bar charts are all Greek to me, markmm. I find candlesticks far easier to interpret, so I guess we'll have to muddle along as best we can!! Purely out of interest, which Pivot indicator are you using?
{quote} Thanks for the info, mate. I had an idea that you'd been a devotee of the J16 thread!
My pivot point indicators are based on ones posted by hanover, however I have added some bells and whistles (price labels) as I am a coder by day. I have the set to NY close. I also have a session indicator that shows London open/close and a psych indicator that shows 00's, 50's and fainter 20's and 80's, and a indicator that shows news for that pair coming up. If anyone wants these let me now an I will post them. The news one is a bit more complicated as part of it runs as a windows service, that pulls the calendar from rss feed each day.{quote} I can use candlesticks as well, I will post charts with them as it seems most people use them here
{quote} Thanks, markmm. That's very good of you to use the candle charts. Much appreciated, and I would also appreciate it if you could post your "custom-made" pivot indicator and the psych indicator as well. I guess being a "coder" can come in pretty handy from time to time!!
{quote} No problem EV. This is a excellent method and the 15 min TF is perfect not to short not to long for me. Thanks to Acumen for sharing it and yourself for carrying the torch. Wanted to ask if anyone knows what happened to Acumen he doesn't seem to post anymore? Also wanted to ask, do you expect to see 1 or two setups a day across the 2 main pairs? Regards Mark {file} {file} {file}
I just take them when they come, Mark! Suffice to say, with the varied set-ups within this method, they seem to crop up an a "semi-regular" basis, shall we say?
Do any of you guys on here trade nymex oil on a 15min chart if you dont to date do you mind me introducing it on to this thread. The main points are a midnight close when it comes back to this level and a lot of times divergence kicks in and it makes it possible to make anything from 40-140 pips. If I should be on another thread please let me know.
