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Psych Levels, Pivots, and Trendlines - Resurrected

  • #9,581
  • May 6, 2015 8:16am May 6, 2015 8:16am
Quoting eyevoltage
{quote} Three or four shadows breaking the mid-point, but no solid body invasion yet!
Noted EV I spoke too soon mate!

It did break above on the 5m, but that's hardly reliable!
  • #9,582
  • May 6, 2015 8:19am May 6, 2015 8:19am
No idea, what to do, do i have to close it, or leave it on BE ??
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  • #9,583
  • May 6, 2015 8:19am May 6, 2015 8:19am
Quoting English
{quote} I'd say, and I will also show that doji's are strong signs of reversals only when you use it with engulfing patterns. You'd also have to have the ability of letting go of the losing position once your entry candle is engulfed. Simply look at a 15m chart, in which you see a doji. Then mark the high, and low of that doji, and look at the price once the candle closes across either of those lines. I use the doji's in that manner, and although people say "their is a lot of noise on lower tf" the reality is you are giving up less pips, which means...
Where is the engulfing pattern you're on about?
  • #9,584
  • May 6, 2015 8:20am May 6, 2015 8:20am
Quoting eyevoltage
{quote} Where is the engulfing pattern you're on about?
There is no engulfing, that is inside outside, or may be sandwich, can't see chart really good.
  • #9,585
  • May 6, 2015 8:21am May 6, 2015 8:21am
No idea FXNik, without knowing your target levels.


If youre in doubt, youre out?
  • #9,586
  • May 6, 2015 8:24am May 6, 2015 8:24am
Quoting English
{quote} I'd say, and I will also show that doji's are strong signs of reversals only when you use it with engulfing patterns. You'd also have to have the ability of letting go of the losing position once your entry candle is engulfed. Simply look at a 15m chart, in which you see a doji. Then mark the high, and low of that doji, and look at the price once the candle closes across either of those lines. I use the doji's in that manner, and although people say "their is a lot of noise on lower tf" the reality is you are giving up less pips, which means...
I was buying there as well, but got BE. What was ur point of buying right there, besides that pattern ???
  • #9,587
  • May 6, 2015 8:25am May 6, 2015 8:25am
Quoting fxnikolaev
{quote} There is no engulfing, that is inside outside, or may be sandwich, can't see chart really good.
Thanks, mate. To be honest, I'd forgotten about the "inside/outside" pattern!
  • #9,588
  • May 6, 2015 8:27am May 6, 2015 8:27am
Quoting eyevoltage
{quote} Thanks, mate. To be honest, I'd forgotten about the "inside/outside" pattern!
I use it quite a bit often, on the break and test of the lvl

Like this one
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  • #9,589
  • May 6, 2015 8:30am May 6, 2015 8:30am
Closed GJ +10 pips
And AC BE.

Horrible day for trading
  • #9,590
  • May 6, 2015 8:31am May 6, 2015 8:31am
Quoting fxnikolaev
Closed GJ +10 pips

Bullish engulfing on the 15m TF.

GU showing support at the round number 1.52.
  • #9,591
  • May 6, 2015 8:48am May 6, 2015 8:48am
fx, I think it will be slow until NFP.
  • #9,592
  • May 6, 2015 9:24am May 6, 2015 9:24am
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}
..a win. I didn't hold beyond R1. Momentum held nicely and accelerated into R2. Weakness kicking in now (CCI divergence building).
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  • #9,593
  • May 6, 2015 9:44am May 6, 2015 9:44am
Quoting sidefx
{quote} ..a win. I didn't hold beyond R1. Momentum held nicely and accelerated into R2. Weakness kicking in now (CCI divergence building). {image}
Nice trade, sidefx.
  • #9,594
  • May 7, 2015 1:50am May 7, 2015 1:50am
Sorry for delay, there was couple good trades, yesterday.
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  • #9,595
  • May 7, 2015 1:59am May 7, 2015 1:59am
Evening fxniko.

Today we have some decent room between levels!
  • #9,596
  • May 7, 2015 2:01am May 7, 2015 2:01am
Im eyeing EA right now..
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  • #9,597
  • May 7, 2015 2:13am May 7, 2015 2:13am
I guess we should be aware UK elections today!
  • #9,598
  • May 7, 2015 2:14am May 7, 2015 2:14am
Hallo EV, any pairs of interest right now?
  • #9,599
  • May 7, 2015 2:18am May 7, 2015 2:18am
Quoting PixeLM
Hallo EV, any pairs of interest right now?
AU and AJ both dropping out of falling channels right now.
  • #9,600
  • May 7, 2015 2:42am May 7, 2015 2:42am
inside out, but not my trade
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