Psych Levels, Pivots, and Trendlines - Resurrected | Page 435 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #8,681
  • Edited 8:14am Sep 27, 2013 7:24am | Edited 8:14am
UJ 15 min - Today is Friday, so not easy trading environment...

2x entry. 1) after pullback to level
2) after pullback to slower ema and close under MS1.

Exit around S1 after bumping off SD level below.
Attached Image (click to enlarge)
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  • #8,682
  • Sep 27, 2013 1:20pm Sep 27, 2013 1:20pm
Here is a trade I took on GU 15m today:

Hammer formed right on 13ema (white line) and yesterdays high (light blue line). Got in when price closed above 1.61 Round number. Stop below R1.

Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 36 KB
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #8,683
  • Sep 30, 2013 3:33am Sep 30, 2013 3:33am
Good trades from snail and jimmynoodles to finish the week. Keep 'em coming, guys!!
  • #8,684
  • Sep 30, 2013 7:24am Sep 30, 2013 7:24am
UJ 15 min - Entry after engulf after pullback to slower ema. Exit intended around S2, but did not like price behaviour and closed.
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  • #8,685
  • Oct 2, 2013 10:52am Oct 2, 2013 10:52am
15m EJ.......

I've been involved in other things today, so I unfortunately missed this one on EJ. A retrace from FS1 back down to FS2 before a long-legged doji and a small spinning-top formed in the FS2/13ema confluence. Price then started up again, and ended up forming a double-top at FS1. Would have been a nice trade from a really good set-up.
Attached Image
  • #8,686
  • Oct 2, 2013 9:17pm Oct 2, 2013 9:17pm
Nice one EV, saw it too but it was a bit late here. This morning continuation.

EJ 15 min -
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  • #8,687
  • Oct 3, 2013 4:51am Oct 3, 2013 4:51am
Good one, snail, after the continuation.

This is the 15m NZDUSD.

Price dropped below the DO and then retested it for resistance before dropping down to FPV. Entry and exit as shown. Turned out to be a very short trade!
Attached Image
  • #8,688
  • Oct 3, 2013 8:32am Oct 3, 2013 8:32am
EV had similar set up on GU.

GU 15 min - Price dropped below DP and then continued after a little pause down.
Attached Image (click to enlarge)
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  • #8,689
  • Oct 3, 2013 10:19am Oct 3, 2013 10:19am
Quoting snail69
EV had similar set up on GU. GU 15 min - Price dropped below DP and then continued after a little pause down. {image}

Good trade, snail. Those small retracements (stutters) back to the pivot level before continuing on, are great signals for high-probability trades.
Do me a favour, snail, and tell me what the small-dashed white line is? Can't quite make out what it is.
Cheers.
  • #8,690
  • Oct 3, 2013 8:11pm Oct 3, 2013 8:11pm
Quoting eyevoltage
{quote} Good trade, snail. Those small retracements (stutters) back to the pivot level before continuing on, are great signals for high-probability trades. Do me a favour, snail, and tell me what the small-dashed white line is? Can't quite make out what it is. Cheers.

EV, I have only pivots and round numbers on charts.
  • #8,691
  • Oct 4, 2013 2:57am Oct 4, 2013 2:57am
Quoting snail69
{quote} EV, I have only pivots and round numbers on charts.

Ah, it'll be one of your round numbers then. Thanks, mate.
  • #8,692
  • Oct 4, 2013 3:34am Oct 4, 2013 3:34am
GU 15 min - Entry under RN and previous level. Exit after AB=CD around RN and S2.
Attached Image (click to enlarge)
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  • #8,693
  • Oct 4, 2013 4:59am Oct 4, 2013 4:59am
Eu 15 min - Entry below DP and exit at MS1.
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  • #8,694
  • Oct 4, 2013 6:37am Oct 4, 2013 6:37am
Well done, snail!! I'm always pretty busy on a Friday, with very rarely time to trade. All I can do is watch. Not so bad when it's a quiet trading day, but very frustrating when there's been some good moves!
Oh, well, roll on Monday!
  • #8,695
  • Oct 4, 2013 7:13am Oct 4, 2013 7:13am
Hey EV, I havnt been active on this thread for a LONG time It looks like your still trading the same method which is good. Any chance you could provide me with the Pivot indi and MA's your using. Also do you mainly trade the 15m TF, if so which pairs do you normally watch ?

Just out of interest. Does anyone know why Acumen, decided to stop trading all together, Was he not profitable, blow his account etc or something ?

Take Care
Dan
  • #8,696
  • Oct 4, 2013 12:32pm Oct 4, 2013 12:32pm
Quoting dan89
Hey EV, I havnt been active on this thread for a LONG time It looks like your still trading the same method which is good. Any chance you could provide me with the Pivot indi and MA's your using. Also do you mainly trade the 15m TF, if so which pairs do you normally watch ? Just out of interest. Does anyone know why Acumen, decided to stop trading all together, Was he not profitable, blow his account etc or something ? Take Care Dan

Hello, dan, and nice to see you again.
Yep, I'm still trading along the same lines. Once one has got used to seeing the various promising set-ups that keep occurring, there doesn't seem much point in trying other methods, although I can't resist trying one or two that look OK now and again.
The MAs I use are 13ema and 34ema, dan. I'm happy with those, but it's all a matter of personal choice, I guess. For classic pivot lines, I use the FXI indicator. However, at present, I'm using Fibonacci pivots, and I get them from the SDX-TZ pivot indicator. You can get both indicators from the paper-clip at the top of the page.
The pairs I normally keep an eye on are GU, EJ, EU, UJ, AU and NZU.
It's been a long time since anybody heard from acumen. He just disappeared from not only FF, but from the trading scene altogether, from what I can gather.
Does this contact mean that you're thinking of joining the thread again, mate? If so, you'd be very welcome.
Take care and God bless.
  • #8,697
  • Oct 6, 2013 4:12pm Oct 6, 2013 4:12pm
Quoting eyevoltage
{quote} Hello, dan, and nice to see you again. Yep, I'm still trading along the same lines. Once one has got used to seeing the various promising set-ups that keep occurring, there doesn't seem much point in trying other methods, although I can't resist trying one or two that look OK now and again. The MAs I use are 13ema and 34ema, dan. I'm happy with those, but it's all a matter of personal choice, I guess. For classic pivot lines, I use the FXI indicator. However, at present, I'm using Fibonacci pivots, and I get them from the SDX-TZ pivot indicator....
Hey EV, Good to hear from you again, many thanks for the reply, much appreciated.

Yup I will be active once again in this thread. I currently trade a profitable method (well, 1 month profitable live and 2 months demo (around 12% a month but first month live was 6% but setups occur only 2-3 times a month. Im looking for something that is profitable intraday. This method you have here seems to be good. Just out of interest, in your experience how profitable is this method, whats your average % gain per month if you dont mind me asking

Take care
Dan
  • #8,698
  • Oct 7, 2013 3:11am Oct 7, 2013 3:11am
Hi,

It was Islander's (i'm a big fan of his, though never expressed it to him) comment in some other thread that he is active right now that brought me to the thread. I've attached a chart..., although a little bit late entry, just wanted a feedback from you guys. I'm still reading through the thread and am about one-third way. the SP xx000 was nearby still i entered and holding on to it.., will see. I hope the symmetrical triangle that i drew is correct.
Attached Image (click to enlarge)
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  • #8,699
  • Oct 7, 2013 3:40am Oct 7, 2013 3:40am
Quoting dan89
{quote} Hey EV, Good to hear from you again, many thanks for the reply, much appreciated. Yup I will be active once again in this thread. I currently trade a profitable method (well, 1 month profitable live and 2 months demo (around 12% a month but first month live was 6% but setups occur only 2-3 times a month. Im looking for something that is profitable intraday. This method you have here seems to be good. Just out of interest, in your experience how profitable is this method, whats your average % gain per month if you dont mind me asking Take...

Hello, Dan.
Like any other method, this one has its trendy days and flat days. Plus, with my domestic commitments, my trading can be pretty erratic, so I've never really bothered myself with percentages, mate. The perfectionists will throw their hands up in horror no doubt, but as I've always said, each to his own. If I'm in the black at the end of the month, then great. If I'm not, then there's always another month, so one can try again.
I look forward to your contributions, dan.
God bless
  • #8,700
  • Oct 7, 2013 3:47am Oct 7, 2013 3:47am
Quoting paapi
Hi, It was Islander's (i'm a big fan of his, though never expressed it to him) comment in some other thread that he is active right now that brought me to the thread. I've attached a chart..., although a little bit late entry, just wanted a feedback from you guys. I'm still reading through the thread and am about one-third way. the SP xx000 was nearby still i entered and holding on to it.., will see. I hope the symmetrical triangle that i drew is correct. {image}
Hi paapi, and thanks for your chart. I'm a big fan of Islander too, mate! He really knows his stuff. The symmetrical triangle is good, but the better indication is a bearish flag. If you take the triangle off, and replace it with the flag, you'll see what I mean. I hope you stick around, paapi.
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