Psych Levels, Pivots, and Trendlines - Resurrected
- #9,202
- Edited 2:53pm Aug 6, 2014 11:15am | Edited 2:53pm
- Joined Jan 2010 | Status: Trader | 2,021 Posts
GU - beauty, but left unexploited....
- #9,203
- Aug 6, 2014 11:34am Aug 6, 2014 11:34am
- Joined Jan 2010 | Status: Trader | 2,021 Posts
15min.....NZD/USD This would have been a nice little trade for around 10 pips or so up to now, but I missed it due to other circs. The circle highlights a nice bullish piercing pattern, slightly above S1. Motto: "Always watch for a nice candlestick pattern (reversal or continuation) when price reaches a pivot line."{image}
- #9,205
- Aug 6, 2014 11:47am Aug 6, 2014 11:47am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
15m EURUSD.
This has been a long trade for me. I entered after the doji on S1 closed and price started rising. It then pulled back slightly and a doji/harami candle formed, giving me a message that price might start rising again. It did start rising, and I targeted MS1 to exit, but price just blew straight through it!! Once it had finally reached the Main Pivot line, I jumped ship. As I hinted at the start, I don't usually stay in trades this long, but I'm glad I did with this one!!
This has been a long trade for me. I entered after the doji on S1 closed and price started rising. It then pulled back slightly and a doji/harami candle formed, giving me a message that price might start rising again. It did start rising, and I targeted MS1 to exit, but price just blew straight through it!! Once it had finally reached the Main Pivot line, I jumped ship. As I hinted at the start, I don't usually stay in trades this long, but I'm glad I did with this one!!
[quote=eyevoltage;7655632]15m EURUSD. This has been a long trade for me. I entered after the doji on S1 closed and price started rising. It then pulled back slightly and a doji/harami candle formed, giving me a message that price might start rising again. It did start rising, and I targeted MS1 to exit, but price just blew straight through it!! Once it had finally reached the Main Pivot line, I jumped ship. As I hinted at the start, I don't usually stay in trades this long, but I'm glad I did with this one!!
Great trade EV. I had made a rare excursion back to trading and had placed a sell trade early in the day. I am still expecting EU to fall. However I was on the other end of this. There was a lot of resistance above here and low volume. All of a sudden MASSIVE volume. No news item. Someone somewhere playing games, stop-hunting or currency support. I would like to know who. Central bank? Took one of mine out too. I hadnt been paying attention to the candles.
As always EV, I bow to your expertise.
Great trade EV. I had made a rare excursion back to trading and had placed a sell trade early in the day. I am still expecting EU to fall. However I was on the other end of this. There was a lot of resistance above here and low volume. All of a sudden MASSIVE volume. No news item. Someone somewhere playing games, stop-hunting or currency support. I would like to know who. Central bank? Took one of mine out too. I hadnt been paying attention to the candles.
As always EV, I bow to your expertise.
- #9,207
- Aug 6, 2014 6:23pm Aug 6, 2014 6:23pm
- Joined Jan 2013 | Status: Trader | 1,410 Posts
Even though I walk through the darkest valley, I will fear no evil
- #9,208
- Aug 6, 2014 6:28pm Aug 6, 2014 6:28pm
- Joined Jan 2013 | Status: Trader | 1,410 Posts
{quote} very true EV !!!
I had pretty much the same trade on AU!
Even though I walk through the darkest valley, I will fear no evil
- #9,209
- Aug 8, 2014 2:33am Aug 8, 2014 2:33am
- Joined Jan 2013 | Status: Trader | 1,410 Posts
Even though I walk through the darkest valley, I will fear no evil
- #9,210
- Aug 8, 2014 3:35am Aug 8, 2014 3:35am
- Joined Jan 2013 | Status: Trader | 1,410 Posts
Even though I walk through the darkest valley, I will fear no evil
- #9,211
- Aug 8, 2014 3:59am Aug 8, 2014 3:59am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
15 m.....EUR/JPY.....
A nice straightforward little trade, stemming from a retrace to below S1, followed by a nice little harami. Entry and exit as shown.
A nice straightforward little trade, stemming from a retrace to below S1, followed by a nice little harami. Entry and exit as shown.
- #9,213
- Aug 8, 2014 5:09am Aug 8, 2014 5:09am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
It looks that everybody took that EJ trade. LOL
I wish they could all be like that!
15 m.....EUR/JPY..... A nice straightforward little trade, stemming from a retrace to below S1, followed by a nice little harami. Entry and exit as shown.
I'm trying to follow your trading method, but I'm still making mistakes.
Here is UC short trade I took today and it was a loosing one.
PA broke DP and formed Dark Cloud cover pattern (as I see it). But it reversed and went up. Please let me know what you think. Thank you in advance.
- #9,215
- Aug 8, 2014 6:56am Aug 8, 2014 6:56am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
15 min.....AUD/USD.
This all started with a little "stutter" on S1.....a real heads-up on what could be a promising move. I needed a confirmation of the continuation, which I got, and then entered as shown on the next candle. Pivots and candlesticks....magic!!
This all started with a little "stutter" on S1.....a real heads-up on what could be a promising move. I needed a confirmation of the continuation, which I got, and then entered as shown on the next candle. Pivots and candlesticks....magic!!
- #9,216
- Aug 8, 2014 7:03am Aug 8, 2014 7:03am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
{quote} Nice trade! I'm trying to follow your trading method, but I'm still making mistakes. Here is UC short trade I took today and it was a loosing one. PA broke DP and formed Dark Cloud cover pattern (as I see it). But it reversed and went up. Please let me know what you think. Thank you in advance. {image}
Cold, you don't get Dark Cloud Covers anywhere but at the top of a move. A DCC candle follows a bullish candle at the top, opening above the close of the bullish candle, and then closing at least two thirds down the main body of said bullish candle. The candlestick you've highlighted is a bearish engulfing candle, mate, and you should, in my opinion, always wait for a confirmation of the move before considering entering. Hope that helps, brother.
{quote} Cold, you don't get Dark Cloud Covers anywhere but at the top of a move. A DCC candle follows a bullish candle at the top, opening above the close of the bullish candle, and then closing at least two thirds down the main body of said bullish candle. The candlestick you've highlighted is a bearish engulfing candle, mate, and you should, in my opinion, always wait for a confirmation of the move before considering entering. Hope that helps, brother.
- #9,218
- Aug 8, 2014 7:18am Aug 8, 2014 7:18am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
{quote} Thank you for your reply! It's really helpful. I have all the weekend to learn those patterns!
http://www.candlestickforum.com/PPF/...andlestick.asp
Good luck, brother!
{quote} That would be very beneficial to you, Cold. Bear in mind that it's generally accepted that there's only 12 candlestick candles and patterns that appear the most often on charts. Go to this link and you'll get all the information you need. http://www.candlestickforum.com/PPF/...andlestick.asp Good luck, brother!
Thank you, mate!
- #9,220
- Aug 8, 2014 7:47am Aug 8, 2014 7:47am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
{quote} That's exactly what I need. Thank you, mate!
