Psych Levels, Pivots, and Trendlines - Resurrected | Page 434 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #8,661
  • Edited 5:50am Sep 24, 2013 4:41am | Edited 5:50am
Ian, thanks for a "v".

GU 15 mins - Entry during IFO news, after spread went down, below marked line; after "U" turn around DP. Was late with exit around MS2. (distracted a bit).
Good for 34 pips.
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  • #8,662
  • Sep 24, 2013 8:08am Sep 24, 2013 8:08am
EJ 15 min - Entry after consolidation around MS1. Exit at the end of AB=CD pattern. ( left at least 10 pips on the table.... need to sit on hands better )
Good for about 27 pips.
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  • #8,663
  • Sep 24, 2013 11:13am Sep 24, 2013 11:13am
EUR/USD short very good trade for about 28pips. Unfortunately a whole day I was without internet connection becouse prophylaxis of the lan.... Here is the chart and the entry and exit:

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  • #8,664
  • Edited 4:52am Sep 25, 2013 4:40am | Edited 4:52am
EU 15 min - Sometimes they just run away...
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  • #8,665
  • Sep 25, 2013 4:48am Sep 25, 2013 4:48am
Some good charts from snail and Dimkart recently. Keep 'em coming!

This is a 15m EU trade, prompted by the little "stutter" just above the FPV line, and the nice widening of the MA's. Entry and exit as shown.
Attached Image
  • #8,666
  • Edited 8:44am Sep 25, 2013 6:12am | Edited 8:44am
GU 15 min - Sometimes they do not escape... AB=CD. Good for 37 pips.
This beast morphes always....

Edit: 2nd AB=CD just finished at destination.
Attached Image(s) (click to enlarge)
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  • #8,667
  • Edited 9:47pm Sep 25, 2013 7:57am | Edited 9:47pm
UJ 15 min - earlier today - Entry after engulf under slower EMA. Exit intended around S1 but missed by less than 1 pip. Manually closed at RN. Later TP hit...
Good for 24 pips.


Just a while ago entered long after double bottom around S1 and after MSL. Lets see how far this baby flies. Small lot for testing.

Edit: Till DP line.

Edit 2: Eventually it hit target this morning. As this was just test with tiny lot so I let it do its thing and was swept clean...
Attached Image(s) (click to enlarge)
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  • #8,668
  • Sep 25, 2013 9:46am Sep 25, 2013 9:46am
Today I won 20pips but quickly I lost them on GBP/USD.... Here are the 2 my entry today that stoped me...
Attached Image (click to enlarge)
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Ev, Snail, Is it my fault somewhere or just the market said NO to my direction?
This is also happened on EU... again down direction and again stopped...
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  • #8,669
  • Sep 25, 2013 10:19am Sep 25, 2013 10:19am
Quoting Dimkata
Today I won 20pips but quickly I lost them on GBP/USD.... Here are the 2 my entry today that stoped me... {image} Ev, Snail, Is it my fault somewhere or just the market said NO to my direction? This is also happened on EU... again down direction and again stopped... {image}

Dimkarta, in my opinion, on both charts, you were entering trades where price was literally going sideways. You need to wait for an obvious trend, up or down, where the MA's are separated and moving together in the right direction. One has to have a lot of patience in this game, D. If price is moving sideways, stay out. Wait for the good set-ups to arrive, and then get in. Take a look at the numerous charts on this thread, and you'll soon be able to separate the good trades from the bad ones.
  • #8,670
  • Sep 25, 2013 5:55pm Sep 25, 2013 5:55pm
Quoting Dimkata
Today I won 20pips but quickly I lost them on GBP/USD.... Here are the 2 my entry today that stoped me... {image} Ev, Snail, Is it my fault somewhere or just the market said NO to my direction? This is also happened on EU... again down direction and again stopped... {image}
Dim, losers happen. Yes, GU was yesterday not nicely moving. When trading you need to check what happened on the left and what time of day is when you are entering trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 66 KB
Click to Enlarge Name: gbpusdm15.png Size: 65 KB
  • #8,671
  • Sep 25, 2013 11:37pm Sep 25, 2013 11:37pm
Quoting snail69
{quote} Dim, losers happen. Yes, GU was yesterday not nicely moving. When trading you need to check what happened on the left and what time of day is when you are entering trade. {image} {image}
Thank you EV, Snail.
It seams I forgot to mark the swings near the signals from MA's, now I saw on the chart of GU that I could draw and trendline from the biggest swing low but...
I think my eyes aren't get used yet to recognize the bad from good trade opportuneties, maybe this will come with the experience in the time.
Thank you again guys that show me the mistakes, Its very usefully.
Lets see what will drop the market today.
  • #8,672
  • Sep 26, 2013 7:18am Sep 26, 2013 7:18am
15m GU......

This is a nice example of how one can use the MA as a point of S/R. Price retraced all the way up to the 13ema and stopped dead in its tracks with a shooting star candle. Following that, was a long-legged doji, indicating a brief hesitation period, before price then started down again. The MA's were coming down nicely and wide-apart, so this one was worth taking. I used the low of the lowest candle on the retrace as a target, and price duly obliged, before I jumped ship. The simple set-ups are the easiest and best to take.
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  • #8,673
  • Sep 26, 2013 8:13am Sep 26, 2013 8:13am
Quoting eyevoltage
15m GU...... This is a nice example of how one can use the MA as a point of S/R. Price retraced all the way up to the 13ema and stopped dead in its tracks with a shooting star candle. Following that, was a long-legged doji, indicating a brief hesitation period, before price then started down again. The MA's were coming down nicely and wide-apart, so this one was worth taking. I used the low of the lowest candle on the retrace as a target, and price duly obliged, before I jumped ship. The simple set-ups are the easiest and best to take. {image}...
Nice one EV , although 14 pip or so stop is not my coffee..
  • #8,674
  • Sep 26, 2013 8:32am Sep 26, 2013 8:32am
Quoting snail69
{quote} Nice one EV , although 14 pip or so stop is not my coffee..

They all count, snail! And the expression over here in the UK is: "not my cup of tea"!! However, any profit at all certainly IS my cup of tea!!


However, if it's the SL you're on about, I don't quite see your point.
  • #8,675
  • Sep 26, 2013 8:39am Sep 26, 2013 8:39am
15m GU again.....

Another retrace to just short of the MAs, where the blue rectangle shows a reversal pattern known as a "sash" pattern, I believe. Pretty simple in and out sort of trade. Entry and exit as indicated. SL just above the FPV.
Attached Image
  • #8,676
  • Sep 26, 2013 8:39am Sep 26, 2013 8:39am
Quoting eyevoltage
{quote} They all count, snail! And the expression over here in the UK is: "not my cup of tea"!! However, any profit at all certainly IS my cup of tea!! However, if it's the SL you're on about, I don't quite see your point.
OK, let me rephrase it. Too tight "working interval" for my taste.... Anyhow good trade for you !
  • #8,677
  • Sep 26, 2013 8:42am Sep 26, 2013 8:42am
Quoting snail69
{quote} OK, let me rephrase it. Too tight "working interval" for my taste.... Anyhow good trade for you !

Thanks for that, snail. It'd be a dull old world if we were all the same!
  • #8,678
  • Sep 26, 2013 10:09am Sep 26, 2013 10:09am
EU 15 min - Entry after bump off DP and MSH. Exit around R1, just after rollover at 11 am EST. Eu stop levels are really making me not much comfy...
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  • #8,679
  • Sep 26, 2013 10:21am Sep 26, 2013 10:21am
GU 15 min - Not a very lucky entry, after bumping around DP. Trade turned ok. About 1:1. Exit around RN. Good for about 31 pips.
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  • #8,680
  • Sep 27, 2013 7:11am Sep 27, 2013 7:11am
EU 15 min - Have anybody got this one ?
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