Psych Levels, Pivots, and Trendlines - Resurrected
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. {image} Cheers!
{quote} Nice one, Dimkata. An entry after a test for support! Lovely! I used to use the 5m TF a lot, D, but I found that moving up to the 15m resulted in a more relaxed trading environment, so I've stayed there ever since.
EJ 15 min - entry after harami when price cleared S2 pivot level. Exit around S3 and RN level. Good for about 34 pips. {image}
{quote} Good one, snail. I see that price has now pushed right through R3, so it's over to the Fib charts now for this pair, where price has come to a sudden halt at R4.
{quote} Thanks EV. This was "EV style" trade.
15m EJ................ A sideways wedge along FR4 with the MA zone nicely spread looked promising. However, once I was in, I didn't expect the relatively fast rise to the midpoint (MR5). The following "stutter" on MR5 was worth watching because of the possible further move north afterwards. And that's what happened. However, not being the most patient of traders, I decided enough was enough after a further couple of small candles and jumped ship. The initial SL, by the way, was set just under the confluence of R4 and the 13ema.
Dim, there is no indicator. It is MT extension tool with amended descriptions.
just if you share the targets numbers.
{quote} Аssumed that is the orig. fibo but I was no sure, ok then can you up the targets settings, other numbers I will find them alone
NU 15 min - Entry after bump off slower ema and MS1. Exit at S2. ( still not familiar enough with this pair, so I closed earlier ). Good for 24 pips. I appreciate what I learned here from each other, however, now it looks like my journal sort of... So decided to stop for a while.
