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Psych Levels, Pivots, and Trendlines - Resurrected

  • #9,541
  • May 5, 2015 7:26am May 5, 2015 7:26am
There was I perfect star, made with abandoned baby on NU, right before the news (((( really liked it
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  • #9,542
  • May 5, 2015 7:35am May 5, 2015 7:35am
FxN, have you used midpoints and pivots on gold or silver charts?


Im looking now, looks promising.
  • #9,543
  • May 5, 2015 7:42am May 5, 2015 7:42am
Quoting PixeLM
FxN, have you used midpoints and pivots on gold or silver charts? Im looking now, looks promising.
It works any where, where u have fear and greed, I didn't try on gold, but I have tried on CFD
  • #9,544
  • May 5, 2015 7:45am May 5, 2015 7:45am
I just studied some gold charts, seems to respect levels well, and decent ADR.

Ive taken enough pips for tonight, almost 1am here. Trade safe fxN.
  • #9,545
  • May 5, 2015 7:47am May 5, 2015 7:47am
Quoting PixeLM
I just studied some gold charts, seems to respect levels well, and decent ADR. Ive taken enough pips for tonight, almost 1am here. Trade safe fxN.
Take care mate! Have a happy pips tomorrow
  • #9,546
  • May 5, 2015 8:02am May 5, 2015 8:02am
The last trade for today ! See u mates tomorrow
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  • #9,547
  • May 5, 2015 8:50am May 5, 2015 8:50am
Quoting fxnikolaev
Kicker supposed to be the strongest reversal signal, but honestly first time see it on forex, don't know if it works on forex. EV any idea, if it works ?
Sorry for the delay in answering.
From what I've read in the past about candlesticks, the Kicker candlestick is, apparently, the most powerful of the lot! I can't honestly say whether or not it has the same impact on Forex, as it has on other markets though.
You can read about the Kicker candlestick here: http://www.swing-trade-stocks.com/ca...-patterns.html
  • #9,548
  • May 5, 2015 7:06pm May 5, 2015 7:06pm
Quoting eyevoltage
{quote} Sorry for the delay in answering. From what I've read in the past about candlesticks, the Kicker candlestick is, apparently, the most powerful of the lot! I can't honestly say whether or not it has the same impact on Forex, as it has on other markets though. You can read about the Kicker candlestick here: http://www.swing-trade-stocks.com/ca...-patterns.html
Thank you so much for sharing. The only formation which I use from those 10 are engulfs. Why engulf, because engulfing patterns are the only thing which can confirm a reversal or an extension. Everything else is at best hit or miss, especially doji. On the other hand if one would to look at the doji pattern on the smaller tf, you will actually see a very nice string of 15-30 pips which you can accumulate before losing even 5 pips.
Leading by "Being an example" is hard to find then actual examples.
  • #9,549
  • May 6, 2015 12:13am May 6, 2015 12:13am
Quoting eyevoltage
{quote} Sorry for the delay in answering. From what I've read in the past about candlesticks, the Kicker candlestick is, apparently, the most powerful of the lot! I can't honestly say whether or not it has the same impact on Forex, as it has on other markets though. You can read about the Kicker candlestick here: http://www.swing-trade-stocks.com/ca...-patterns.html
Thank u mate
  • #9,550
  • May 6, 2015 12:18am May 6, 2015 12:18am
Quoting English
{quote} Thank you so much for sharing. The only formation which I use from those 10 are engulfs. Why engulf, because engulfing patterns are the only thing which can confirm a reversal or an extension. Everything else is at best hit or miss, especially doji. On the other hand if one would to look at the doji pattern on the smaller tf, you will actually see a very nice string of 15-30 pips which you can accumulate before losing even 5 pips.
What about harami ???
Doji is not reversal candle, it means only that market is neutral, there is cases in which it confirm reversal, like doji sandwich, but it is not the pattern which can be traded by it self.
  • #9,551
  • May 6, 2015 1:59am May 6, 2015 1:59am
hoping this is being a firm rising wedges.. on AUD H1.. short placed 0.79761 with SL 0.80050 TP opened widely.. ~lol..
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  • #9,552
  • May 6, 2015 3:05am May 6, 2015 3:05am
UC M15.

Triangle break and bearish engulfing pattern.
Closed it for -10 pips.

EV, I'd be very grateful if you let me know what you think about this one.
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  • #9,553
  • May 6, 2015 3:36am May 6, 2015 3:36am
Quoting Cold_W
UC M15. Triangle break and bearish engulfing pattern. Closed it for -10 pips. EV, I'd be very grateful if you let me know what you think about this one. {image}
Cold, from the time that price hit the mid-point level, all that followed was a long period of consolidation. Honestly, there was no indication of any significant move on the way, and in situations like this, it's always best to keep out and wait for a much more obvious pattern forming.
Hope that helps, mate?
  • #9,554
  • May 6, 2015 3:37am May 6, 2015 3:37am
EJ (10min) - looking left, resistance potentially becoming support plus some divergence (CCI) and an entry after the bullish engulf circled @134.475. Looking for a quick 1:1ish trade up around R1 (134.71). Not the cleanest of price action but I thought the structure looked ok enough to take the risk.
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  • #9,555
  • May 6, 2015 3:41am May 6, 2015 3:41am
Quoting eyevoltage
{quote} Cold, from the time that price hit the mid-point level, all that followed was a long period of consolidation. Honestly, there was no indication of any significant move on the way, and in situations like this, it's always best to keep out and wait for a much more obvious pattern forming. Hope that helps, mate?
Thank you for reply and for being so helpful
  • #9,556
  • May 6, 2015 3:57am May 6, 2015 3:57am
Quoting sidefx
EJ (10min) - looking left, resistance potentially becoming support plus some divergence (CCI) and an entry after the bullish engulf circled @134.475. Looking for a quick 1:1ish trade up around R1 (134.71). Not the cleanest of price action but I thought the structure looked ok enough to take the risk. {image}
I see your reasoning, sidefx. Can't get a 10m chart on MT4, so it took me a few minutes to see it from a 15m point of view. Looks like it didn't quite hit R1, and it's just trying to make its mind up right now!
  • #9,557
  • May 6, 2015 4:22am May 6, 2015 4:22am
Quoting eyevoltage
{quote} I see your reasoning, sidefx. Can't get a 10m chart on MT4, so it took me a few minutes to see it from a 15m point of view. Looks like it didn't quite hit R1, and it's just trying to make its mind up right now!
It did hit R1, EV u can try Trade Interceptor, it has all the charts, M1, M2, M3, M10, H2, H3
  • #9,558
  • May 6, 2015 4:38am May 6, 2015 4:38am
Quoting fxnikolaev
{quote} It did hit R1, EV u can try Trade Interceptor, it has all the charts, M1, M2, M3, M10, H2, H3
..hasn't hit the R1 target on my charts unfortunately. Still dithering. This trade will either be a win or loss for me, I won't be scratching at b/e.
  • #9,559
  • May 6, 2015 4:42am May 6, 2015 4:42am
Quoting sidefx
{quote} ..hasn't hit the R1 target on my charts unfortunately. Still dithering. This trade will either be a win or loss for me, I won't be scratching at b/e.
It did on mine. But trade was risky
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  • #9,560
  • May 6, 2015 4:47am May 6, 2015 4:47am
Missed this one, inside outside
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