Psych Levels, Pivots, and Trendlines - Resurrected | Page 442 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #8,821
  • Edited Nov 4, 2013 12:42am Nov 3, 2013 4:46pm | Edited Nov 4, 2013 12:42am
Dim,

"more pairs= more opportuneties" - NO !!!

Choose your pairs, know them totally. How they behave, when they behave and what news influence them. Treat them like your new girlfriends. I have 3.....

Good luck.
  • #8,822
  • Edited 2:08am Nov 4, 2013 1:49am | Edited 2:08am
Hi all,

Just triggered pound long trade towards the daily pivot. I think it's better if i upload a pic during the order is triggered instead of afterwards. Sometimes it's hard to see how to pull the trigger when the chart is infront of you. Entry at 1.59428 with TP at 10pips and SL at 10pips.

Reason for entry: Price failed to closed below MS1 and it closed above EMA200, hence scalping it towards the daily pivot point. It was a limit order.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdmm5 11-4.png Size: 28 KB


Edited: Stopped out at -10.
  • #8,823
  • Nov 4, 2013 2:32am Nov 4, 2013 2:32am
Slow moving markets today, but still there was a good opportunity for me, i didnt manage to take this position though.

AU 15min
Opened chart to see a Bull move from pivot line - big blue arrow.
Price retraced back into MA territory, and broke R1, at this point the picture is not showing any sign to enter long,
but then a tweezer bottom forms under R1, which is completed with a piercing pattern a clear reversing sign above R1- small blue arrow.
Price starts to respect R1 and breaks a small TL a sign, that market still wants longs, at this point i was awaiting a retrace ( to MA/previously broken TL ) to jump in this trade, unhopefully the market turned 2-3 pips too early before i was able to take my buy position - red arrow
and continued to hit "my Limit"the 9500 the psych level. Stop would have been placed @ 1.9472
Attached Image (click to enlarge)
Click to Enlarge Name: audusd121.JPG Size: 59 KB
consistency wins
  • #8,824
  • Nov 4, 2013 3:31am Nov 4, 2013 3:31am
Quoting keikor
Hi all, Just triggered pound long trade towards the daily pivot. I think it's better if i upload a pic during the order is triggered instead of afterwards. Sometimes it's hard to see how to pull the trigger when the chart is infront of you. Entry at 1.59428 with TP at 10pips and SL at 10pips. Reason for entry: Price failed to closed below MS1 and it closed above EMA200, hence scalping it towards the daily pivot point. It was a limit order. {image} Edited: Stopped out at -10.

keikor, just a suggestion. Today, the pivot lines are, for a change, quite a distance from each other. At times like this, it's worth including a QUARTER-pivot line as well. You'll find that price will react to these lines, more often than not.
  • #8,825
  • Nov 4, 2013 3:35am Nov 4, 2013 3:35am
Quoting iTrader
Slow moving markets today, but still there was a good opportunity for me, i didnt manage to take this position though. AU 15min Opened chart to see a Bull move from pivot line - big blue arrow. Price retraced back into MA territory, and broke R1, at this point the picture is not showing any sign to enter long, but then a tweezer bottom forms under R1, which is completed with a piercing pattern a clear reversing sign above R1- small blue arrow. Price starts to respect R1 and breaks a small TL a sign, that market still wants longs, at this point i...

iTrader, in this situation, I don't wait for a retrace, but rather enter just above the high of the first breaking candle. Hope that helps.
  • #8,826
  • Nov 4, 2013 3:48am Nov 4, 2013 3:48am
Good morning friends
New week started with nice 21pips for me on EurNzd
I saw that big red candle after this 3 dojies and I enter the trade.

Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdm15.png Size: 77 KB


One more thing,
Now I wait AU to breek this little trend line and to go long with target R2
Here I miss the first entry before 45min. (the green bar after inverted pin bar) but I thing if we breek this line may have option for second entry.


Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.png Size: 78 KB
  • #8,827
  • Nov 4, 2013 3:53am Nov 4, 2013 3:53am
Quoting eyevoltage
{quote} iTrader, in this situation, I don't wait for a retrace, but rather enter just above the high of the first breaking candle. Hope that helps.
Thanks eyevoltage, every comment is very much appreciated and helps to become better. I don't know why but I guess it's a habit, I like to take the trade after a small retrace so my stop gets tighter, but it happens very often that market moves on without an retrace, I will try to take more advantage of particular scenarios and to be a little less conservative.

God bless, and green pips to all of you.
consistency wins
  • #8,828
  • Nov 4, 2013 4:29am Nov 4, 2013 4:29am
Quoting Dimkata
Good morning friends New week started with nice 21pips for me on EurNzd I saw that big red candle after this 3 dojies and I enter the trade. {image}
Nice one, Dimkata. A good example of how the MA can be used as support or resistance.
  • #8,829
  • Nov 4, 2013 4:42am Nov 4, 2013 4:42am
Quoting eyevoltage
{quote} Nice one, Dimkata. A good example of how the MA can be used as support or resistance.
Yes Ev, I must say again- thank you to you and Snail, you both help me a lot with knowledges and advices. Before i will not taken such a trade, but now...

Im on buy trade now on EU, yes, we are still below pivot level, but on H4 we have beautiful pin bar and I expect to run nice today at north. I hope im not wrong
Here is the chart:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 76 KB
  • #8,830
  • Nov 4, 2013 4:57am Nov 4, 2013 4:57am
Quoting Dimkata
Good morning friends New week started with nice 21pips for me on EurNzd I saw that big red candle after this 3 dojies and I enter the trade. {image} One more thing, Now I wait AU to breek this little trend line and to go long with target R2 Here I miss the first entry before 45min. (the green bar after inverted pin bar) but I thing if we breek this line may have option for second entry. {image}
Dim, put pending below those GREEN dojis and you have 6 pip more...
  • #8,831
  • Nov 4, 2013 5:11am Nov 4, 2013 5:11am
Quoting Dimkata
{quote} Yes Ev, I must say again- thank you to you and Snail, you both help me a lot with knowledges and advices. Before i will not taken such a trade, but now... Im on buy trade now on EU, yes, we are still below pivot level, but on H4 we have beautiful pin bar and I expect to run nice today at north. I hope im not wrong Here is the chart: {image}
Dim put it on 5 min TF and look to the left. 1.35126.....
  • #8,832
  • Nov 4, 2013 5:20am Nov 4, 2013 5:20am
Eu 5 min

Earlier today. Price went above SD level. Exit was at another SD level above as marked by line.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 11-4.png Size: 92 KB
  • #8,833
  • Nov 4, 2013 5:20am Nov 4, 2013 5:20am
Quoting snail69
{quote} Dim put it on 5 min TF and look to the left. 1.35126.....
Yep, obviously swing... i hope to break it soon, im still on trade
  • #8,834
  • Nov 4, 2013 5:36am Nov 4, 2013 5:36am
I expect one more pair to show the signal EurAud. If it breek this line, our path may be open to the next level

Attached Image (click to enlarge)
Click to Enlarge Name: euraudm15.png Size: 82 KB
  • #8,835
  • Nov 5, 2013 3:43am Nov 5, 2013 3:43am
Hello everyone,

can somebody do me a favour please:

Can somebody post a Chart with the today´s Pivots.
I want to compare them to mine, because i´m not sure i have the same like you.

I really appreciate it.
Thank you in advance.

P.S.: ev, i hope everything´s alright with you and your loved one´s ?
Don´t live for working, but work for living.
  • #8,836
  • Nov 5, 2013 4:22am Nov 5, 2013 4:22am
Quoting matsf
Hello everyone, can somebody do me a favour please: Can somebody post a Chart with the today´s Pivots. I want to compare them to mine, because i´m not sure i have the same like you. I really appreciate it. Thank you in advance. P.S.: ev, i hope everything´s alright with you and your loved one´s ?
Matsf, this is the classic pivot (not fibs) for today on EU:
PV- 1.34934
R1- 1.35450
R2- 1.35760
R3- 1.36275

S1- 1.34623
S2- 1.34108
S3- 1.33797
  • #8,837
  • Nov 5, 2013 4:26am Nov 5, 2013 4:26am
Thank you very much.
These are the same i have...
Very good.

Good trades everyone !
Don´t live for working, but work for living.
  • #8,838
  • Nov 5, 2013 4:40am Nov 5, 2013 4:40am
Quoting matsf
Thank you very much. These are the same i have... Very good. Good trades everyone !

Nice to see you on again, matsf. Hope all's well with you and yours. Are you coming back into the fold?
  • #8,839
  • Nov 5, 2013 4:44am Nov 5, 2013 4:44am
I´ve never been away ev.

As i have a new Broker, i have to be sure to have the right Pivots.
Unfortunately, i don´t have the time to trade on M15 oder M5, because of my work.
So i have to Focus on H1 and higher...

But i always follow your trading here and i´m really impressed
Don´t live for working, but work for living.
  • #8,840
  • Nov 5, 2013 4:53am Nov 5, 2013 4:53am
Quoting matsf
I´ve never been away ev. As i have a new Broker, i have to be sure to have the right Pivots. Unfortunately, i don´t have the time to trade on M15 oder M5, because of my work. So i have to Focus on H1 and higher... But i always follow your trading here and i´m really impressed
OK, brother. Your work must come first, but it's good to know that you're still around on here.
Keep in touch.
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