Psych Levels, Pivots, and Trendlines - Resurrected | Page 468 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Adr, psych levels, demand & supply trading 15 replies

Standard Pivots and Fibonnaci Pivots? 9 replies

EUR/USD 5min - Trendlines and Pivots 379 replies

Important psych levels 1 reply

Too many drawn Trendlines all same look: how to draw Trendlines with different look? 2 replies

Attachments: Psych Levels, Pivots, and Trendlines - Resurrected
Exit Attachments

Psych Levels, Pivots, and Trendlines - Resurrected

  • #9,341
  • Apr 21, 2015 3:18am Apr 21, 2015 3:18am
Carrying on with the EJ........

The ellipse shows a period of consolidation under S1, before a punch above S1 and then a test for support before heading up. Entry and exit as marked.
Attached Image
  • #9,342
  • Apr 21, 2015 7:40am Apr 21, 2015 7:40am
Hello EV, nice to see you around again.


How do you get the boxes to show up on your charts, showing your entry and exit prices?

I'll be showing some more of my trades in the coming days, now that there is some life back on here.

It's a super thread that makes a lot of sense!
"Never interrupt your enemy when he is making a mistake" Napoleon Bonaparte
  • #9,343
  • Apr 21, 2015 9:11am Apr 21, 2015 9:11am
Quoting MushyPeas
Hello EV, nice to see you around again. How do you get the boxes to show up on your charts, showing your entry and exit prices? I'll be showing some more of my trades in the coming days, now that there is some life back on here. It's a super thread that makes a lot of sense!
Hello again, Mushy.
Those price boxes are obtained from the Standard tool bar at the top of your MT4 chart. If you look along it, you'll see two arrows, one pointing up and one pointing down. Between them is a tick, and if you hover your cursor over it, it'll say "Arrows". When you've opened it, you'll see "Right Price Label" and "Left Price Label".
Use those two, and you can adjust the size and colours as well.
Hope that helps you, mate. I look forward to seeing your charts again.
  • #9,344
  • Apr 21, 2015 9:47am Apr 21, 2015 9:47am
A good movement from EU, which, unfortunately, I was too late for. The yellow ellipse highlights the usual sort of "mess" as indecision sets in around S1. When this happens, it's almost certain that price will "GO!!" one way or the other, after a brief testing for support, and this is a great example. 30 or so pips missed!!
Attached Image
  • #9,345
  • Apr 22, 2015 4:49am Apr 22, 2015 4:49am
5m GU....

This one initialized by a Bullish Sash pattern (circled), indicating further progress upwards. Entry and exit as shown. Stop loss just under R1.
Attached Image
  • #9,346
  • Apr 22, 2015 7:21am Apr 22, 2015 7:21am
15m GJ............

Ascending (bullish) triangle along the mid-point pivot. Entered on the candle after the piercing of R2.​
Attached Image
  • #9,347
  • Edited 7:40am Apr 22, 2015 7:30am | Edited 7:40am
Quoting eyevoltage
15m GJ............ Ascending (bullish) triangle along the mid-point pivot. Entered on the candle after the piercing of R2.​ {image}
Hello ! Nice trade!!! I had GJ trade too, but with a different entry point. Break and test of the pivot, and engulf with a close above resistance lvl
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 54 KB
  • #9,348
  • Apr 22, 2015 7:41am Apr 22, 2015 7:41am
EV, thanks for the price label tip. You wouldn't believe how many hours I've wasted trying to figure it out for myself!




This is the latest trade that I've just exited from, for approx 55 pips profit.

EUR/USD 5 mins chart.

Price continually rejected off the 1.08000 mark, and then started making LH and LL.

As price started to be forced downwards, it rejected the Daily R1 resistance, and I entered on a small bearish engulfing bar. I exited just above the Weekly/Daily Pivot line. If only all trades were as easy as this one!
Attached Image (click to enlarge)
Click to Enlarge Name: FxPro - MetaTrader 4.png Size: 89 KB
"Never interrupt your enemy when he is making a mistake" Napoleon Bonaparte
  • #9,349
  • Apr 22, 2015 8:20am Apr 22, 2015 8:20am
Quoting fxnikolaev
{quote} Hello ! Nice trade!!! I had GJ trade too, but with a different entry point. Break and test of the pivot, and engulf with a close above resistance lvl {image}
Welcome, fxnikolaev.
Good trade, my friend. May I ask what those horizontal light green lines are?
  • #9,350
  • Apr 22, 2015 8:25am Apr 22, 2015 8:25am
Quoting MushyPeas
EV, thanks for the price label tip. You wouldn't believe how many hours I've wasted trying to figure it out for myself! This is the latest trade that I've just exited from, for approx 55 pips profit. EUR/USD 5 mins chart. Price continually rejected off the 1.08000 mark, and then started making LH and LL. As price started to be forced downwards, it rejected the Daily R1 resistance, and I entered on a small bearish engulfing bar. I exited just above the Weekly/Daily Pivot line. If only all trades were as easy as this one! {image}
You're welcome, Mushy. I know what you mean about trying to figure it all out for yourself. That's driven me crazy in the past! Much better to tap the know-how of all the guys and gals on here!!
Nice trade, mate. You've got it sussed alright!
  • #9,351
  • Apr 22, 2015 8:46am Apr 22, 2015 8:46am
Quoting eyevoltage
{quote} Welcome, fxnikolaev. Good trade, my friend. May I ask what those horizontal light green lines are?
Thank you! That is my S/R lines
  • #9,352
  • Apr 22, 2015 9:06am Apr 22, 2015 9:06am
Quoting fxnikolaev
{quote} Thank you! That is my S/R lines
Thanks, fxnikolaev. I really should have realised that!
  • #9,353
  • Apr 23, 2015 3:24am Apr 23, 2015 3:24am
5m GJ......

I missed this one due to other duties, but it's a good example of what we're always looking for. Price didn't quite reach down to the mid-point. Instead a bullish candle completed a bullish piercing pattern which is always a good indication of a move up. Good for around 20 pips or so.
Attached Image
  • #9,354
  • Apr 23, 2015 6:37am Apr 23, 2015 6:37am
No trades today! Yesterday was my favorite set up, break and test of pivot, doji and engulf
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 80 KB
  • #9,355
  • Apr 23, 2015 6:49am Apr 23, 2015 6:49am
Today EJ had a really nice combination of reversal candles at 128 RN, engulfing, harami with hammer and engulfing hammer, unfortunately that was below S1 ((((
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 18 KB
  • #9,356
  • Apr 23, 2015 7:09am Apr 23, 2015 7:09am
Hello, fxnikolaev.
You're spot on, mate. A break, a test of S/R, and then a nice harami or engulfing candle, and you're on your way! There's variations, of course, but these sort of signals are what this thread's all about.
As for your second chart, them's the breaks, as they say! However, you know what to look for, and that's the main thing.
  • #9,357
  • Apr 23, 2015 7:23am Apr 23, 2015 7:23am
Quoting eyevoltage
Hello, fxnikolaev. You're spot on, mate. A break, a test of S/R, and then a nice harami or engulfing candle, and you're on your way! There's variations, of course, but these sort of signals are what this thread's all about. As for your second chart, them's the breaks, as they say! However, you know what to look for, and that's the main thing.
I know EV, we need patience to wait for the right moment. Harami with a doji, strong reversal signal, and again below S1, no trade (((((((
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 17 KB
  • #9,358
  • Apr 23, 2015 7:28am Apr 23, 2015 7:28am
Market is kind of choppy today, lets see may be after unemployment claims in US market will be some price movement
  • #9,359
  • Apr 23, 2015 8:24am Apr 23, 2015 8:24am
I didn't take this one yesterday. But I really like it, it looks like by the book. Break and test of support, Harami with gap down and bearish confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 30 KB
  • #9,360
  • Apr 23, 2015 8:46am Apr 23, 2015 8:46am
I love this simple approach eyevoltage. Kudos for resurrecting this thread, subscribing and following Cheers!
14 traders viewing now