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Psych Levels, Pivots, and Trendlines - Resurrected

  • #9,081
  • Edited 2:04pm Jul 1, 2014 12:16pm | Edited 2:04pm
Quoting monocor
I am trying this one, wedge break against formation. Would like to hear your opinion on this one!!!! {image}
this short was probably ill-fated coz you sold right into the support at yest's high.
i am sure it was oversight.

re-attaching your chart with necessary markings.

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on the other hand, you were quick to see and take the wedge b/o long that followed.
excellent!
  • #9,082
  • Edited 1:06pm Jul 1, 2014 12:49pm | Edited 1:06pm
Hi guys. Heaps of set ups today. Monocor, tried your template. Just with amended stoch settings and ema 14. Very good indeed.
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  • #9,083
  • Jul 1, 2014 3:03pm Jul 1, 2014 3:03pm
Quoting pgd
{quote} this short was probably ill-fated coz you sold right into the support at yest's high. i am sure it was oversight. re-attaching your chart with necessary markings. {image} on the other hand, you were quick to see and take the wedge b/o long that followed. excellent!
I know about support at MS1, that was experiment. In theory this break out against formation should lead in to big move. But it is probably only theory. Did you ever tried this kind of a trade?
Even though I walk through the darkest valley, I will fear no evil
  • #9,084
  • Jul 1, 2014 3:10pm Jul 1, 2014 3:10pm
Quoting pgd
EURAUD M15 SHORT did someone get this beauty? |> breakdown below confluence of s1 and yest's low (dashed magenta) for ~ 60 pips. {image}
Nice trade mate. I have seen that trade, but I didf' t trade expanding triangles before, didnt know what to do with it. I will read about expending triangle to get more information, because i see it all the time. And from your trade i have a feeling it can be really profitable !
Even though I walk through the darkest valley, I will fear no evil
  • #9,085
  • Jul 1, 2014 3:11pm Jul 1, 2014 3:11pm
Quoting pgd
EURAUD M15 SHORT did someone get this beauty? |> breakdown below confluence of s1 and yest's low (dashed magenta) for ~ 60 pips. {image}
Nice trade mate. I have seen that trade, but I didf' t trade expanding triangles before, didnt know what to do with it. I will read about expending triangle to get more information, because i see it all the time. And from your trade i have a feeling it can be really profitable !

Where did you place SL?
Even though I walk through the darkest valley, I will fear no evil
  • #9,086
  • Jul 2, 2014 2:19am Jul 2, 2014 2:19am
Quoting monocor
{quote} I know about support at MS1, that was experiment. In theory this break out against formation should lead in to big move. But it is probably only theory. Did you ever tried this kind of a trade?
I may have...but, never ignoring a res. becoming sup. in an uptrend. I would wait for that sup. to be be taken out first at the cost of a few pips profit out of the expected big move.A worthwhile experiment, though, especially when u are quick on the recovery.
  • #9,087
  • Jul 2, 2014 2:32am Jul 2, 2014 2:32am
Quoting monocor
{quote} Nice trade mate. I have seen that trade, but I didf' t trade expanding triangles before, didnt know what to do with it. I will read about expending triangle to get more information, because i see it all the time. And from your trade i have a feeling it can be really profitable ! Where did you place SL?
monocor,

I saw it as a regular symmetrical triangle as the upper and lower lines converged to the right to form a vertex... and, you trade these quite effectively all the time.

The s/l -- above the wide ranged bar just before the little doji that was taken out.
  • #9,088
  • Jul 2, 2014 3:07am Jul 2, 2014 3:07am
Hey snail,

good to see you back, brother.
  • #9,089
  • Jul 2, 2014 4:17am Jul 2, 2014 4:17am
Quoting pgd
{quote} monocor, I saw it as a regular symmetrical triangle as the upper and lower lines converged to the right to form a vertex... and, you trade these quite effectively all the time. The s/l -- above the wide ranged bar just before the little doji that was taken out.
I see expanding triangle on your chart, and on mine as well. I don't take this as triangle not by my rules. .Thanks for respond, really appreciate
Even though I walk through the darkest valley, I will fear no evil
  • #9,090
  • Jul 2, 2014 10:41am Jul 2, 2014 10:41am
@pgd - it always nice to share ideas here to learn from each other.

15 mins UC - nicest one today - fading yesterday low after divergence.
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  • #9,091
  • Jul 3, 2014 2:16am Jul 3, 2014 2:16am
My favorite set up, one during the asia, couldn't take that one, and one ope right now. Rectangle, narrow, consolidation and brake from consolidation. Support 1,4550 and MR3, which is yesterday high, trend is up.
Attached Image (click to enlarge)
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Even though I walk through the darkest valley, I will fear no evil
  • #9,092
  • Jul 3, 2014 3:47am Jul 3, 2014 3:47am
Quoting monocor
My favorite set up, one during the asia, couldn't take that one, and one ope right now. Rectangle, narrow, consolidation and brake from consolidation. Support 1,4550 and MR3, which is yesterday high, trend is up. {image}
Yes, always worth looking for, monocor. Just wondering.....what's the spread you're getting on that pair?
  • #9,093
  • Jul 3, 2014 8:03am Jul 3, 2014 8:03am
Quoting eyevoltage
{quote} Yes, always worth looking for, monocor. Just wondering.....what's the spread you're getting on that pair?
spread is around 2,3
Even though I walk through the darkest valley, I will fear no evil
  • #9,094
  • Jul 3, 2014 8:04am Jul 3, 2014 8:04am
The last trade for today, Divergence, channel break, retrace from DP.
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Even though I walk through the darkest valley, I will fear no evil
  • #9,095
  • Jul 3, 2014 9:51am Jul 3, 2014 9:51am
USDCAD - divergence, break of wedge, fading yesterday high to pivot
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  • #9,096
  • Jul 3, 2014 10:05am Jul 3, 2014 10:05am
Quoting monocor
The last trade for today, Divergence, channel break, retrace from DP. {image}
Good eye, monocor !
  • #9,097
  • Jul 3, 2014 10:22am Jul 3, 2014 10:22am
GC - also a nice set up - fading yesterday high all way to yesterday low.
Attached Image (click to enlarge)
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  • #9,098
  • Jul 7, 2014 2:05am Jul 7, 2014 2:05am
All information about patters which could be found
Attached File(s)
File Type: pdf Trade Chart Patterns like the Pros - Suri Duddella (2008) A1.pdf   7.2 MB | 5,427 downloads
Even though I walk through the darkest valley, I will fear no evil
  • #9,099
  • Jul 8, 2014 4:22am Jul 8, 2014 4:22am
Morning, folks....

Been having computer problems, but OK now. Anybody see this opportunity earlier? An absolute beauty that I sadly missed.
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  • #9,100
  • Jul 8, 2014 4:43am Jul 8, 2014 4:43am
Quoting eyevoltage
Morning, folks.... Been having computer problems, but OK now. Anybody see this opportunity earlier? An absolute beauty that I sadly missed. {image}
I hope your computer is working fine !

I have seen that one, but it was right on the news release.
Even though I walk through the darkest valley, I will fear no evil
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