Psych Levels, Pivots, and Trendlines - Resurrected | Page 429 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #8,561
  • Aug 28, 2013 2:55am Aug 28, 2013 2:55am
15m EJ........

This is as a result of a wedge forming in confluence with the MAs, and basically using the MAs as support. Entry and exit as indicated and SL was just under the 34ema.
Attached Image
  • #8,562
  • Aug 28, 2013 4:18am Aug 28, 2013 4:18am
15m GU...............

I missed this one due to other commitments. A really intense pull-back/consolidation (flag pattern) across the mid-point level before dropping away. Potential entry as indicated and the SL would have been slightly above the 34ema.
Attached Image
  • #8,563
  • Aug 29, 2013 2:09am Aug 29, 2013 2:09am
15 CADJPY - Entry above long red candle of harami, emas just start to open, exit around S1 and round number. Good for 20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: cj 8-29.png Size: 83 KB
  • #8,564
  • Aug 29, 2013 2:15am Aug 29, 2013 2:15am
15 min GBPJPY - after pullback to DO (daily open line) entry, exit around S1. Good for 40 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 8-29.png Size: 85 KB
  • #8,565
  • Aug 29, 2013 2:35am Aug 29, 2013 2:35am
Nice trades, snail. A pleasure to see your charts this morning.
  • #8,566
  • Edited 11:29pm Aug 30, 2013 2:55am | Edited 11:29pm
15 min EJ -

1 trade - after long consolidation around round number, entry below . Exit around S2. Good for 30 pips.

2 trade - after pullback back to mail pivot price went again below consolidation line, ema start to open and macd confirmed.
Price went below the huge green candle on the left. Entry as indicated. Exit at S3. Good for about 50 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 8-30.png Size: 91 KB
  • #8,567
  • Sep 1, 2013 9:54pm Sep 1, 2013 9:54pm
15 min GJ - This morning went out bed earlier not to miss those early set ups. It was worth it.

Day opened with quite large gap, then pulled back to faster ema. When it broke previous highs there was the entry.
Exit was intended around S2 but price stalled on JPY and I exited. A bit early as can be seen but still good for about 40 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gj 9-2a.png Size: 127 KB
  • #8,568
  • Sep 2, 2013 2:27am Sep 2, 2013 2:27am
EJ - 15 min Pullback to faster ema led to entry after price went back above DO line with little consolidation. Exit around S2. There was quite large SD area on the left
(not seen), so did not want to push luck and closed earlier. Good for 58 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 9-2.png Size: 83 KB
  • #8,569
  • Sep 2, 2013 3:02am Sep 2, 2013 3:02am
Hi snail. You've been pretty busy this morning with some really good trades. Well done!
  • #8,570
  • Sep 2, 2013 3:15am Sep 2, 2013 3:15am
Quoting snail69
Missed nice set ups (all jpy pairs) this morning, while I was sleeping. For these pairs one needs to get out of bed earlier. Early bird..... Nice confluence. Round number, pivot level, tweezer top, harami, all at Emas at proper place. No to mention finished HP (harmonic pattern). Good for 30-35 pips. {image}
Hi Team. Good to see the thread alive & good trades still being made.

I occasionally look in, but am not trading forex at the moment. I hate August low volume/stop hunting for trading anyway, but good to see you are finding trades.


Snail, what is a harmonic pattern?
What was the fib pivot you used on another trade that went beyond S4 on Aug27, was it an extension? If so, what hi & low did you project from?
  • #8,571
  • Sep 2, 2013 3:44am Sep 2, 2013 3:44am
@ EV - thanks, but mostly it is because of you....

@ Barry - those are regular daily pivots provided by Mark, you can find them in this thread (paperclip),
harmonic patterns are explained here, if you want more info: http://www.forexfactory.com/showthre...81#post6933781
  • #8,572
  • Sep 3, 2013 2:50am Sep 3, 2013 2:50am
15 min GBPCHF - EV style "stutter" trade. Entry above round number, exit around S2. Good for a bit over 20 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gch 9-3.png Size: 75 KB
  • #8,573
  • Sep 3, 2013 4:08am Sep 3, 2013 4:08am
15 min GU - Entry above consolidation above daily pivot, exit just below S1 and because it was just before "high" news.
Not to mention, all on pic, is one big harmonic pattern. Good for 18 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 9-3.png Size: 91 KB
  • #8,574
  • Sep 4, 2013 3:20am Sep 4, 2013 3:20am
Some great charts again yesterday from snail. Spot on, mate.

15m nzd/usd......

Back on to my Fib pivots again. A retrace to R2 followed by a long-legged doji, and then price continued to climb before hitting R3. Very simple trade - nothing complicated in this method!

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  • #8,575
  • Sep 4, 2013 5:05am Sep 4, 2013 5:05am
15 min - GU - In spite of news, I took a dive with 1/2 size of lot size I trade. Entry after the "complicated harami " and pullback to DO line.
Exit around S1 and round number. Good for 21 pips.

@ EV - again, I have a good, very good teacher.....
Attached Image (click to enlarge)
Click to Enlarge Name: gu 9-4.png Size: 87 KB
  • #8,576
  • Sep 4, 2013 5:57am Sep 4, 2013 5:57am
Quoting snail69
15 min - GU - In spite of news, I took a dive with 1/2 size of lot size I trade. Entry after the "complicated harami " and pullback to DO line. Exit around S1 and round number. Good for 21 pips.
veerrry niiiiice!
Quote
@ EV - again, I have a good, very good teacher.....
seconded...
  • #8,577
  • Sep 4, 2013 6:34am Sep 4, 2013 6:34am
Quoting snail69
15 min - GU - In spite of news, I took a dive with 1/2 size of lot size I trade. Entry after the "complicated harami " and pullback to DO line. Exit around S1 and round number. Good for 21 pips. @ EV - again, I have a good, very good teacher..... {image}

Snail, you don't need much teaching! You do seem to have a good eye for opportunities that others could easily miss, including me!! Good trade, mate!
  • #8,578
  • Edited 6:02pm Sep 4, 2013 5:51pm | Edited 6:02pm
Thank you guys. Its my pleasure to be part of team on this thread.

15 min GJ - Wednesday was not an easy day. Took a hit on EJ. Fortunately was able to cover loss and add some profit too.
Entry after pullback to DO line. Exit as indicated. Was almost midnight here, so closed. Otherwise around S2.
Marked in rectangle is one big harmonic pattern. Good for 39 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gy 4-9.png Size: 89 KB
  • #8,579
  • Sep 5, 2013 1:13am Sep 5, 2013 1:13am
15 min - GCh - With help of Macd and 2 HH, there was an entry. Exit was intended around S2, but price did not act as it wanted to go there, so exit as indicated.
Rectangle - harmonic pattern. Good for 32 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gch 9-5.png Size: 90 KB
  • #8,580
  • Sep 5, 2013 2:43am Sep 5, 2013 2:43am
Good trading Snail & thanks for answering my questions. I will read harmonics with interest.

EV - your trades are still a delight to see.

Catch you soon.
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