Psych Levels, Pivots, and Trendlines - Resurrected | Page 462 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #9,221
  • Aug 8, 2014 8:07am Aug 8, 2014 8:07am
Quoting Cold_W
{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, it seems that your pivots are off. Would suggest to check against some pics here from previous days and diff pairs. Mine DP on UJ today is 102.176.
  • #9,222
  • Aug 10, 2014 8:53am Aug 10, 2014 8:53am
Quoting Islander
{quote} You too.....I do hope you find time to look at the DAX - IMO its made for your trading.....and its moves are in our time zone..... Whilst I was having lunch there was another 30+ pt pop up off a small HL in a neat little wedge to the **50 level.....now for the US Session where it pays to keep an eye on the S&P
Islander, good to see youve reappeared! Does S&P drag the Dax around? If so, during which times? NY open, Frankie or NY close?
  • #9,223
  • Aug 10, 2014 11:44pm Aug 10, 2014 11:44pm
Quoting snail69
{quote} Cold, it seems that your pivots are off. Would suggest to check against some pics here from previous days and diff pairs. Mine DP on UJ today is 102.176.
Thank you, will check it. But the trade was on UC, not UJ.
  • #9,224
  • Aug 11, 2014 6:03am Aug 11, 2014 6:03am
AC short.
On H4 PA broke TL which works as resistance now.
On M15. Double top, tweezer top candles, divergence.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCADH4.png Size: 54 KB
Click to Enlarge Name: AUDCADM15.png Size: 64 KB
  • #9,225
  • Aug 11, 2014 6:36am Aug 11, 2014 6:36am
Cold, on your 15 min chart, after what I see as your point of entry, there's a shooting-star candle, followed by a large confirming bearish candle. Ideally, in my opinion, your entry point should have been just below that candle.
Hope you don't mind my pointing this out.
  • #9,226
  • Aug 11, 2014 6:45am Aug 11, 2014 6:45am
Quoting eyevoltage
Cold, on your 15 min chart, after what I see as your point of entry, there's a shooting-star candle, followed by a large confirming bearish candle. Ideally, in my opinion, your entry point should have been just below that candle. Hope you don't mind my pointing this out.
I think I've put price tag in a wrong place. Entry was right after the close of candle with down arrow. I belive we're talking about the same point, right?
Thank you for your comments, I really appreciate it!
  • #9,227
  • Aug 11, 2014 6:51am Aug 11, 2014 6:51am
Quoting Cold_W
AC short. On H4 PA broke TL which works as resistance now. On M15. Double top, tweezer top candles, divergence. {image} {image}
Nice trade !!!
Even though I walk through the darkest valley, I will fear no evil
  • #9,228
  • Aug 11, 2014 7:05am Aug 11, 2014 7:05am
Quoting Cold_W
{quote} I think I've put price tag in a wrong place. Entry was right after the close of candle with down arrow. I believe we're talking about the same point, right? Thank you for your comments, I really appreciate it!
Bang on, Cold!! My mistake. I overlooked your arrow indicator. My apologies, brother.
  • #9,229
  • Aug 11, 2014 7:10am Aug 11, 2014 7:10am
Quoting eyevoltage
{quote} Bang on, Cold!! My mistake. I overlooked your arrow indicator. My apologies, brother.
It's my fault. Have to be more accurate with those price tags. Once again thank you for sharing your opinion.
  • #9,230
  • Aug 11, 2014 7:12am Aug 11, 2014 7:12am
Quoting Barry Cade
{quote} Islander, good to see youve reappeared! Does S&P drag the Dax around? If so, during which times? NY open, Frankie or NY close?
Hi Barry - thanks. The S&P tends to be the leader in the afternoon session - Europe-wise......especially watch once the NYSE opens at 9:30 am NY, so currently 13:30 gmt

There are however other times when the DAX is excellent for trading - although IMO its best to be down amongst the weeds on the 1m chart to see the action.......here, my trade after LO was a typical HL buy.

The yellow lines are from KiwiOz's thread and are price projections..........

Cheers

Islander
Attached Image (click to enlarge)
Click to Enlarge Name: aug11 dax 1m 0806.png Size: 22 KB
Trading Levels with WRBs
  • #9,231
  • Aug 12, 2014 2:12am Aug 12, 2014 2:12am
Still in this trade. Retest of PP with a nice flag. Last engulfing, doji, spinning top and the break of the flag
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 54 KB
Even though I walk through the darkest valley, I will fear no evil
  • #9,232
  • Aug 12, 2014 3:05am Aug 12, 2014 3:05am
Quoting monocor
Still in this trade. Retest of PP with a nice flag. Last engulfing, doji, spinning top and the break of the flag {image}
I got BE, so it to be !
Even though I walk through the darkest valley, I will fear no evil
  • #9,233
  • Edited 5:42am Aug 12, 2014 3:18am | Edited 5:42am
In this trade right now
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM15.png Size: 62 KB
Even though I walk through the darkest valley, I will fear no evil
  • #9,234
  • Aug 12, 2014 5:18am Aug 12, 2014 5:18am
M15 GJ
PA broke DP and pulled back to test it. After that bullish harami candle appeared and I jumped in.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 61 KB
  • #9,235
  • Aug 12, 2014 5:42am Aug 12, 2014 5:42am
Quoting monocor
In this trade right now {image}
Closed +2
Even though I walk through the darkest valley, I will fear no evil
  • #9,236
  • Aug 12, 2014 5:43am Aug 12, 2014 5:43am
Two more trades from today
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 70 KB
Click to Enlarge Name: EURUSDM15.png Size: 57 KB
Even though I walk through the darkest valley, I will fear no evil
  • #9,237
  • Aug 12, 2014 6:41am Aug 12, 2014 6:41am
Quoting monocor
Two more trades from today {image} {image}
Mono, EA was really nice trade off DP.
  • #9,238
  • Aug 13, 2014 2:37am Aug 13, 2014 2:37am
first trade from today
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 70 KB
Even though I walk through the darkest valley, I will fear no evil
  • #9,239
  • Aug 13, 2014 3:18am Aug 13, 2014 3:18am
Quoting monocor
first trade from today {image}
Below your entry point, there's a red line and a grey line. It would be helpful to know what they are, brother, if you don't mind.
  • #9,240
  • Aug 13, 2014 3:49am Aug 13, 2014 3:49am
Quoting eyevoltage
{quote} Below your entry point, there's a red line and a grey line. It would be helpful to know what they are, brother, if you don't mind.
That is just a spread
Even though I walk through the darkest valley, I will fear no evil
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