Psych Levels, Pivots, and Trendlines - Resurrected | Page 432 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Adr, psych levels, demand & supply trading 15 replies

Standard Pivots and Fibonnaci Pivots? 9 replies

EUR/USD 5min - Trendlines and Pivots 379 replies

Important psych levels 1 reply

Too many drawn Trendlines all same look: how to draw Trendlines with different look? 2 replies

Attachments: Psych Levels, Pivots, and Trendlines - Resurrected
Exit Attachments

Psych Levels, Pivots, and Trendlines - Resurrected

  • #8,621
  • Sep 13, 2013 12:51am Sep 13, 2013 12:51am
Today is Friday and on top of it it is 13th... . Tried to manage trades as early as possible and not to get caught in Friday's games.

15 min UJ - Two HH. Entry after bump off DO above MS1. Exit around S1 and confluence of RN. Good for about 20 pips.
Rectangle - HP.
Attached Image (click to enlarge)
Click to Enlarge Name: uj 9-13.png Size: 116 KB
  • #8,622
  • Sep 13, 2013 1:03am Sep 13, 2013 1:03am
15 min AU - 2 trades

1) Entry below MS1 after consolidation above DO and MS1. Emas start open. Good for about 27 pips.

2) Entry below today DO line. Good for about 13 pips.

Both trades closed due to SD line confluence with yesterday S1, AB=CD pattern and the fact FO open soon at that time.
Attached Image (click to enlarge)
Click to Enlarge Name: au 9-13.png Size: 119 KB
  • #8,623
  • Edited 3:13am Sep 13, 2013 2:37am | Edited 3:13am
Quoting snail69
{quote} There was a chance 2x later as well as I see it. Might be ok to put midpivots as well on. Keep on fighting ! {image}
Thanks Snail I see you also trade with breakouts of levels even without MA's, is not a little bit risky? For midpivots you are wright, i must put them on my chart...
Here is one examples what I saw today on GBP/JPY possible trade (still movement)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 92 KB
  • #8,624
  • Sep 13, 2013 3:30am Sep 13, 2013 3:30am
Quoting Dimkata
{quote} Thanks Snail I see you also trade with breakouts of levels even without MA's, is not a little bit risky? For midpivots you are wright, i must put them on my chart... Here is one examples what I saw today on GBP/JPY possible trade (still movement) {image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 214 KB
  • #8,625
  • Sep 13, 2013 12:15pm Sep 13, 2013 12:15pm
GBPCHF - M5 - Long

Tired! so, no essays.
chart says it all.
entry and exit as marked.

have a nice weekend, guys.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_ms_20130913.png Size: 26 KB
  • #8,626
  • Sep 14, 2013 10:20pm Sep 14, 2013 10:20pm
Quoting snail69
{quote} {image}

Dimkata, it is not only about MAs. Very important are levels, pivots.
  • #8,627
  • Sep 14, 2013 10:21pm Sep 14, 2013 10:21pm
Quoting pgd
GBPCHF - M5 - Long Tired! so, no essays. chart says it all. entry and exit as marked. have a nice weekend, guys. {image}
PGD, as normal. Mastery in play....
  • #8,628
  • Sep 16, 2013 3:33am Sep 16, 2013 3:33am
15m AU.........

Price on this pair has soared up and left the classic pivots behind, so I resorted to my Fib pivots. After a test of support on the DO line (and with the MA's nicely separated), price started rising again and went all the way to R5. Entry and exit as shown.
Attached Image
  • #8,629
  • Sep 16, 2013 4:06am Sep 16, 2013 4:06am
hi eyevoltage, snail69 and everybody
i have read about this topic, I think that it is very interesting topic and i like it. Can you give me temples, indicators? what is the signal we can use to make order? thank you so much!
  • #8,630
  • Sep 16, 2013 4:51am Sep 16, 2013 4:51am
Quoting malmal1985
hi eyevoltage, snail69 and everybody i have read about this topic, I think that it is very interesting topic and i like it. Can you give me temples, indicators? what is the signal we can use to make order? thank you so much!

Hello malmal....

If you really want to try this method, then my advice to you is to read the whole thread from the beginning. When you've finished, you'll have all the information you need to start looking for signals. Also, at the top of each page, is a box with a paper clip. Click that and you'll find all the indicators that have been used by different traders on this method.
I'm telling you all this because, quite honestly, it would take far too much time to explain it all to you. Basically, you're looking for signals at the pivot lines and the MA's. Study and learn, mate. It's the only way!
  • #8,631
  • Edited 5:49am Sep 16, 2013 5:32am | Edited 5:49am
15 min AU - EV, you are better ! No comments... One big HP (rectangle). Good for around 18 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: au 9-16.png Size: 91 KB
  • #8,632
  • Sep 16, 2013 8:15am Sep 16, 2013 8:15am
Quoting malmal1985
hi eyevoltage, snail69 and everybody i have read about this topic, I think that it is very interesting topic and i like it. Can you give me temples, indicators? what is the signal we can use to make order? thank you so much!

This thread is like live manual how to trade a particular way Forex, written by real traders with real accounts. Read from beginning ( several times ). Very often you can find also reference here for another thread. I suggest read those too. It might take quite a bit of time. The question is do you want to learn or get something the easy way. Sorry, it does not work that way. Patience and persistence. Good luck.

And I like this line: " it takes 10,000 hours of preparation to win because most people give up after 5,000 hours"
  • #8,633
  • Sep 16, 2013 8:28am Sep 16, 2013 8:28am
15m EU.........

I couldn't post this one straight away due to my computer suddenly deciding it would do its own thing!! Now I've given it a good ticking-off, here goes.....

A nice long TL, a break-out and a quickish move up to the xx80 psych-line, resulting in a 14 pip profit. SL was just under the xx50 psych-line.
Attached Image
  • #8,634
  • Sep 17, 2013 7:49am Sep 17, 2013 7:49am
NU 15 min - Entry after price went above DP line and above level marked by line. Exit at S1 and end of HP. (rectangle)
Good for 26 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: nu 9-17.png Size: 125 KB
  • #8,635
  • Sep 17, 2013 8:08am Sep 17, 2013 8:08am
Quoting snail69
NU 15 min - Entry after price went above DP line and above level marked by line. Exit at S1 and end of HP. (rectangle) Good for 26 pips. {image}
Hi snail.
Could you give me a bit more detail regarding your entry? I take it the DP line is Daily Pivot, but I just wanted to know what the precise signal/pattern was that prompted you into an entry. Hope you don't mind?


Edit: Could you zoom in a little as well, if that's alright with you?
  • #8,636
  • Sep 17, 2013 8:37am Sep 17, 2013 8:37am
Quoting eyevoltage
{quote} Hi snail. Could you give me a bit more detail regarding your entry? I take it the DP line is Daily Pivot, but I just wanted to know what the precise signal/pattern was that prompted you into an entry. Hope you don't mind? Edit: Could you zoom in a little as well, if that's alright with you?
OK EV. Price went out of BOX ( rectangle - daily open line and daily pivot line), above previous high, emas start open ( 14/40 ), MACD just went above 0, marked are
two HHs, this all happening above 200 SMA . All led me to presume HP will be finished ( i am not good with their names) and place is coincidence with pivot level
where I exited.

Hope it helps.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm15ev.png Size: 112 KB
  • #8,637
  • Sep 17, 2013 8:58am Sep 17, 2013 8:58am
Quoting snail69
{quote} OK EV. Price went out of BOX ( rectangle - daily open line and daily pivot line), above previous high, emas start open ( 14/40 ), MACD just went above 0, marked are two HHs, this all happening above 200 SMA . All led me to presume HP will be finished ( i am not good with their names) and place is coincidence with pivot level where I exited. Hope it helps. {image}

Thanks, snail. Things are a little clearer now! No offence, but I don't really interest myself in Harmonic Patterns. I reckon there's enough on a chart to interpret without adding even more stuff. However, each to his own. Thanks again, mate.
  • #8,638
  • Sep 17, 2013 9:03am Sep 17, 2013 9:03am
EJ 15 min - This was a long trade. Wanted to ride it as long as possible but it was a bumpy ride. Even it might eventually go higher, I am simply tired.
Entry in the morning (China) after harami. Exit after MSH (market structure high) just on pivot S1, while forming.

Easier way would be EV style, as marked by white lines. 2 possible trades, no need to go through news later. Number of pips similar....
Attached Image (click to enlarge)
Click to Enlarge Name: ej 9-17.png Size: 121 KB
  • #8,639
  • Sep 17, 2013 9:10am Sep 17, 2013 9:10am
Quoting snail69
EJ 15 min - This was a long trade. Wanted to ride it as long as possible but it was a bumpy ride. Even it might eventually go higher, I am simply tired. Entry in the morning (China) after harami. Exit after MSH (market structure high) just on pivot S1, while forming. Easier way would be EV style, as marked by white lines. 2 possible trades, no need to go through news later. Number of pips similar.... {image}

A long trade like that would drive me mad, snail! Which is why my trades are usually quite short by comparison, and easier to handle. "EV style" indeed!
  • #8,640
  • Sep 18, 2013 6:35am Sep 18, 2013 6:35am
This week many pairs opened with gap, also their movement aren't very well.... However, today was a good day for me This is what I catch this morning On 5m. chart the entry seams to be exelent but I don't like very much 5min.... many signals- many falses.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15.png Size: 84 KB


Cheers!
0 traders viewing now