Psych Levels, Pivots, and Trendlines - Resurrected | Page 473 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #9,441
  • Apr 29, 2015 6:55am Apr 29, 2015 6:55am
If this 5min pinbar holds, it has good confluence.

I will sit this one out though, Im indecisive tonight.
Attached Image (click to enlarge)
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  • #9,442
  • Apr 29, 2015 7:07am Apr 29, 2015 7:07am
Quoting PixeLM
If this 5min pinbar holds, it has good confluence. I will sit this one out though, Im indecisive tonight. {image}
I drew that long trend line on my chart, Pix, and the flag is nowhere near it yet.
  • #9,443
  • Apr 29, 2015 7:35am Apr 29, 2015 7:35am
Quoting PixeLM
If this 5min pinbar holds, it has good confluence. I will sit this one out though, Im indecisive tonight. {image}
Im talking about the pin bar that formed off the midpoint on the EURUSD, could have yielded 30odd pips.
  • #9,444
  • Apr 29, 2015 7:40am Apr 29, 2015 7:40am
Quoting PixeLM
{quote} Im talking about the pin bar that formed off the midpoint on the EURUSD, could have yielded 30odd pips.
Yes, my mistake. At the moment, it's yielded around 70 pips after the break from the Hammer candle at the long TL.
  • #9,445
  • Apr 29, 2015 7:45am Apr 29, 2015 7:45am
Quoting eyevoltage
{quote} Yes, my mistake. At the moment, it's yielded around 70 pips after the break from the Hammer candle at the long TL.

Yes Im kicking myself for staying flat, that's the way it rolls when youre unsure. great trade though almost hitting r2, I would have TP at R1 though.
  • #9,446
  • Apr 29, 2015 7:59am Apr 29, 2015 7:59am
Heres another beauty, USDJPY bouncing off daily open.
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  • #9,447
  • Apr 29, 2015 8:02am Apr 29, 2015 8:02am
USDCAD bouncing from S1, good for 25pips. Though after news and such a quick drop. This is risky.. But shows the levels being respected nicely.
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  • #9,448
  • Apr 29, 2015 8:16am Apr 29, 2015 8:16am
Quoting eyevoltage
{quote} Hi turnip. Long time no see! No, I don't use IG index. I'm with FXCM. I guess I could use a buy stop if I wanted to, but seeing as I'm at the computer all the time, and keeping an eye on things, I prefer to keep a "hands on" approach.
Aha -so you jump in long etc when you witness price moving above consolidation etc. I too, prefer to be at the screen watching for opportunities at pre determined levels/formations - thanks EV.
every Saint has a past. Every Sinner has a Future
  • #9,449
  • Apr 29, 2015 8:23am Apr 29, 2015 8:23am
Good charts, Pix. I like the way how price rose and came to a shuddering halt at the USD/CAD Main Pivot/R1 mid-point, bounced off the MP, and then dropped all the way to S1. Is this a great method of trading, or what?
  • #9,450
  • Apr 29, 2015 8:25am Apr 29, 2015 8:25am
Quoting turnip15
{quote} Aha -so you jump in long etc when you witness price moving above consolidation etc. I too, prefer to be at the screen watching for opportunities at pre determined levels/formations - thanks EV.
You're welcome, turnip.
  • #9,451
  • Apr 29, 2015 8:32am Apr 29, 2015 8:32am
Quoting eyevoltage
Good charts, Pix. I like the way how price rose and came to a shuddering halt at the USD/CAD Main Pivot/R1 mid-point, bounced off the MP, and then dropped all the way to S1. Is this a great method of trading, or what?

EV I've learned a few things on FF over the years, but this is by far the most valuable. Kudos to you for keeping this thread alive, I love this method
  • #9,452
  • Apr 29, 2015 8:40am Apr 29, 2015 8:40am
Quoting PixeLM
{quote} EV I've learned a few things on FF over the years, but this is by far the most valuable. Kudos to you for keeping this thread alive, I love this method

So do I, mate. Tried quite a few different methods, but my search was over when I stumbled onto this (acumen's) brilliant method. I wish he was still around so that I could give him my grateful thanks.
  • #9,453
  • Apr 29, 2015 8:42am Apr 29, 2015 8:42am
Quoting PixeLM
USDCAD bouncing from S1, good for 25pips. Though after news and such a quick drop. This is risky.. But shows the levels being respected nicely. {image}
Well my chart looks different, but that set up, break of the MP, test with engulf, that s my favorite
  • #9,454
  • Apr 29, 2015 8:45am Apr 29, 2015 8:45am
EV. well if you ever catch up with him, thank him from me also
  • #9,455
  • Apr 29, 2015 8:49am Apr 29, 2015 8:49am
Quoting fxnikolaev
{quote} Well my chart looks different, but that set up, break of the MP, test with engulf, that s my favorite
The volatility was there so the pips were quick, it was great. Notice after I posted the screen shot that price dipped back to S1 again, plenty of pips for the brave

What Im enjoying is the fact on the smaller TF we aren't glued to the screen, trades are fairly concise and target quickly, Ive wrestled with many methods trying to find the best possible way to trade that fits my lifestyle.

Anyway, FMOC in 4-5hours good luck..
  • #9,456
  • Apr 29, 2015 8:59am Apr 29, 2015 8:59am
Pix, it's highly unlikely, but yes, if I come across him, I'll thank him for you also!!

Sorry, guys, but I must close down as I have to go out.

Happy trading, all!
  • #9,457
  • Apr 29, 2015 9:05am Apr 29, 2015 9:05am
Quoting eyevoltage
Pix, it's highly unlikely, but yes, if I come across him, I'll thank him for you also!! Sorry, guys, but I must close down as I have to go out. Happy trading, all!
Bey, have a nice evening ! Happy pips to u too
  • #9,458
  • Apr 29, 2015 9:06am Apr 29, 2015 9:06am
Cya EV, thanks mate!

Cya FxNik.

After midnight here, good luck!
  • #9,459
  • Apr 29, 2015 9:09am Apr 29, 2015 9:09am
Quoting PixeLM
{quote} The volatility was there so the pips were quick, it was great. Notice after I posted the screen shot that price dipped back to S1 again, plenty of pips for the brave What Im enjoying is the fact on the smaller TF we aren't glued to the screen, trades are fairly concise and target quickly, Ive wrestled with many methods trying to find the best possible way to trade that fits my lifestyle. Anyway, FMOC in 4-5hours good luck..
During news spread is so big, there is no chance to get in. Ive been watching AJ during news, today, spread was 30 pips.
I like M15, coz it gives u time, when set up is forming, it takes like 30min at least, so plenty of time to do some thing else.
  • #9,460
  • Apr 29, 2015 9:13am Apr 29, 2015 9:13am
Quoting PixeLM
Cya EV, thanks mate! Cya FxNik. After midnight here, good luck!
Cya tomorrow ! Happy pips
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