Psych Levels, Pivots, and Trendlines - Resurrected | Page 454 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #9,061
  • Jun 26, 2014 5:43am Jun 26, 2014 5:43am
EU +10, channel break out, Fob 61, divergence
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 67 KB
Even though I walk through the darkest valley, I will fear no evil
  • #9,062
  • Jun 26, 2014 6:29am Jun 26, 2014 6:29am
Quoting monocor
EU +10, channel break out, Fob 61, divergence {image}
Hi,

took this one too - was a nice bounce of mR1. Closed at mS1. Price has been fast with this move, normally my target would have been at DP.

That's all for today...

Chriss
  • #9,063
  • Jun 26, 2014 9:38am Jun 26, 2014 9:38am
Quoting monocor
EU +10, channel break out, Fob 61, divergence {image}
hi there monocor, could you share the stoch mtf indi you are using?

thank you
appreciate it.
  • #9,064
  • Jun 27, 2014 1:48am Jun 27, 2014 1:48am
Quoting saticdoor86
{quote} hi there monocor, could you share the stoch mtf indi you are using? thank you appreciate it.
Here is stoch
Attached File(s)
File Type: ex4 #MTF Stochastic v2.0.ex4   8 KB | 286 downloads
Even though I walk through the darkest valley, I will fear no evil
  • #9,065
  • Jun 27, 2014 5:43am Jun 27, 2014 5:43am
Quoting monocor
{quote} Here is stoch {file}

thank you !
  • #9,066
  • Jun 30, 2014 9:52am Jun 30, 2014 9:52am
15m GU.......

Sometimes, it's good to clear the pivots and just trade off the psych-lines. This example shows some consolidation along the xx50 line, before price heads northwards. The main reason I exited where I did was that when price shoots up and away from the 8ema, there's a fair possibility that price will collapse back to it. So I think I got out at the right time. Entry and exit as shown.
  • #9,067
  • Jun 30, 2014 9:54am Jun 30, 2014 9:54am
..................and here's the chart. Ooooops!!
Attached Image
  • #9,068
  • Jun 30, 2014 3:02pm Jun 30, 2014 3:02pm
Plenty of trades today, didn't expect so many, but happy to see a good start of the week. More then 100 pips, I think charts self explanatory.
Trying my new chart set up, MA 13 and 100.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusdm15.png Size: 61 KB
Click to Enlarge Name: euraudm15.png Size: 56 KB
Click to Enlarge Name: eurusdm15.png Size: 52 KB
Click to Enlarge Name: gbpjpym15.png Size: 59 KB
Even though I walk through the darkest valley, I will fear no evil
  • #9,069
  • Jun 30, 2014 3:32pm Jun 30, 2014 3:32pm
Nice trades, monocor. You really seem to like pin-pointing those patterns, mate! Keep on keepin' on!!
  • #9,070
  • Jun 30, 2014 3:48pm Jun 30, 2014 3:48pm
Quoting eyevoltage
15m GU....... Sometimes, it's good to clear the pivots and just trade off the psych-lines. This example shows some consolidation along the xx50 line, before price heads northwards. The main reason I exited where I did was that when price shoots up and away from the 8ema, there's a fair possibility that price will collapse back to it. So I think I got out at the right time. Entry and exit as shown.
That is a good question, I had this in my mind today. Do I really need pivot??
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 57 KB
Even though I walk through the darkest valley, I will fear no evil
  • #9,071
  • Jun 30, 2014 3:50pm Jun 30, 2014 3:50pm
Quoting eyevoltage
Nice trades, monocor. You really seem to like pin-pointing those patterns, mate! Keep on keepin' on!!
Thanks mate. I do my best
Even though I walk through the darkest valley, I will fear no evil
  • #9,072
  • Jun 30, 2014 4:33pm Jun 30, 2014 4:33pm
Quoting monocor
{quote} That is a good question, I had this in my mind today. Do I really need pivot?? {image}
The heading for this method is "Psych Levels, Pivots and Trend Lines". To be honest, I've never been comfortable trying to identify a potential trade with so many lines on the screen. I've found that some days, there's a nice spacing between pivot lines, heralding the possibility of some good trades. Other times, it's been worth moving away from Pivots and concentrating on Psych-lines. Also, there's times like today, when you spotted plenty of different patterns that were well worth trading. All in all, it just goes to show how versatile this method can be.
Anyway, that's the way I look at it, monocor. Others will probably feel very different.
  • #9,073
  • Jul 1, 2014 12:30am Jul 1, 2014 12:30am
Quoting monocor
Plenty of trades today, didn't expect so many, but happy to see a good start of the week. More then 100 pips, I think charts self explanatory. Trying my new chart set up, MA 13 and 100. {image} {image} {image} {image}
Very nice market reading Monocor !

@EV - all ok, EV just a bit busy.
  • #9,074
  • Jul 1, 2014 4:10am Jul 1, 2014 4:10am
monocor,

good plundering there, mate!
well done!

  • #9,075
  • Jul 1, 2014 5:07am Jul 1, 2014 5:07am
This one is still running, moved Sl to BE. H&S and triangle, two in one. S1 pivot which is previous support.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm15.png Size: 72 KB
Even though I walk through the darkest valley, I will fear no evil
  • #9,076
  • Jul 1, 2014 5:10am Jul 1, 2014 5:10am
GJ +40 pips. Trend is UP, rectangle consolidation, divergence, 173,50. Risky because below R1, but end up in profit.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 59 KB
Even though I walk through the darkest valley, I will fear no evil
  • #9,077
  • Edited 8:03am Jul 1, 2014 5:13am | Edited 8:03am
I am trying this one, wedge break against formation.

Would like to hear your opinion on this one!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.png Size: 64 KB
Even though I walk through the darkest valley, I will fear no evil
  • #9,078
  • Jul 1, 2014 8:05am Jul 1, 2014 8:05am
Quoting monocor
I am trying this one, wedge break against formation. Would like to hear your opinion on this one!!!! {image}
Closed it -10 pips, need more information on this kind of trades.
Opened another one, with bigger wedge formation, Break of R1, 0.9450, Up trend.
+25 for now. Will cover loss
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.png Size: 59 KB
Even though I walk through the darkest valley, I will fear no evil
  • #9,079
  • Jul 1, 2014 8:10am Jul 1, 2014 8:10am
Quoting monocor
{quote} Closed it -10 pips, need more information on this kind of trades. Opened another one, with bigger wedge formation, Break of R1, 0.9450, Up trend. +25 for now. Will cover loss {image}
Closed +24 , have to go.

Have a nice pips.
Even though I walk through the darkest valley, I will fear no evil
  • #9,080
  • Jul 1, 2014 12:00pm Jul 1, 2014 12:00pm
EURAUD M15 SHORT

did someone get this beauty?
|> breakdown below confluence of s1 and yest's low (dashed magenta) for ~ 60 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud_m15_20140701.png Size: 25 KB
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