Psych Levels, Pivots, and Trendlines - Resurrected | Page 486 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #9,701
  • May 14, 2015 3:24am May 14, 2015 3:24am
Quoting PixeLM
Haha Fxniko, lets be optimistic Possible bullish reversal on NZ 15m. As we can see the bearish pin before made some pips, nice setup! {image}
Watching too
  • #9,702
  • May 14, 2015 3:26am May 14, 2015 3:26am
I pulled the trigger on the NZ trade niko!! Resistance turned support on the left, previous day!

Also checking GBP, price seems to be stalling at MP.
Attached Image (click to enlarge)
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  • #9,703
  • May 14, 2015 3:43am May 14, 2015 3:43am
Quoting PixeLM
I pulled the trigger on the NZ trade niko!! Resistance turned support on the left, previous day! Also checking GBP, price seems to be stalling at MP. {image}
I didn't, not my trade
  • #9,704
  • May 14, 2015 3:45am May 14, 2015 3:45am
I bought this two EU and EA
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  • #9,705
  • May 14, 2015 4:04am May 14, 2015 4:04am
Quoting fxnikolaev
I bought this two EU and EA {image} {image}
Closed both BE
  • #9,706
  • May 14, 2015 4:15am May 14, 2015 4:15am
EJ M15.

Bullish harami on R1. Closed early as I have smth else to take care of.
Attached Image (click to enlarge)
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  • #9,707
  • May 14, 2015 4:51am May 14, 2015 4:51am
Closed both EU and GU at target levels, NZ still running.
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  • #9,708
  • May 14, 2015 5:42am May 14, 2015 5:42am
Quoting PixeLM
Closed both EU and GU at target levels, NZ still running. {image} {image}
Nice trades mate
  • #9,709
  • May 14, 2015 5:43am May 14, 2015 5:43am
Bought EA
Attached Image (click to enlarge)
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  • #9,710
  • May 14, 2015 5:50am May 14, 2015 5:50am
Quoting fxnikolaev
Bought EA {image}
Ive missed my long entries on EA for weeks now, should be a good trade!
  • #9,711
  • May 14, 2015 6:07am May 14, 2015 6:07am
Quoting fxnikolaev
Bought EA {image}
BE again (((((((
  • #9,712
  • May 14, 2015 6:16am May 14, 2015 6:16am
Quoting fxnikolaev
{quote} BE again (((((((
Its such a volatile pair to trade, it has a good ADR, I find it best traded when double bottoms and double tops form. BE is another winner mate!
  • #9,713
  • May 14, 2015 6:18am May 14, 2015 6:18am
EU and GU both breaking above R1, I might switch to 5m for entry.
  • #9,714
  • May 14, 2015 6:21am May 14, 2015 6:21am
Im in this..
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  • #9,715
  • May 14, 2015 6:35am May 14, 2015 6:35am
Quoting PixeLM
Im in this.. {image}
Be careful wedge is the worst pattern to trade, win rate 40% on the continuation, on the reversal around 25%
  • #9,716
  • May 14, 2015 6:52am May 14, 2015 6:52am
Quoting fxnikolaev
{quote} Be careful wedge is the worst pattern to trade, win rate 40% on the continuation, on the reversal around 25%
Got it mate, It almost hit my SL level.

A little drawdown right now, risking less than 1%.
  • #9,717
  • May 14, 2015 6:56am May 14, 2015 6:56am
Watching possible bear flag on UC.
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  • #9,718
  • May 14, 2015 7:29am May 14, 2015 7:29am
Quoting PixeLM
Im in this.. {image}
SL hit..
  • #9,719
  • May 14, 2015 9:48am May 14, 2015 9:48am
I hope you lads don't take this the wrong way, but it would be nice if you offered some reason WHY you entered a trade. Was it because price had retraced and then pushed through? Was it a really nice candlestick pattern that tickled your fancy? Whatever, I feel that we have to keep in mind that there are a lot of beginners out there who are looking for all the information they can get. I'm sure you'll agree that posting a chart and typing "I'm in on this one" "Bought this" "Sold this" etc., etc., isn't exactly going to pique a beginner's interest. They want to know the REASON WHY a trade was entered. We all have to start somewhere, and remember how frustrating it was to see a chart being posted with the accompanying "I'm in!!" with no explanation. Because of the frustrations I suffered when I started, I try to point out the REASON for the trade.
Good trading, guys.
  • #9,720
  • May 14, 2015 4:21pm May 14, 2015 4:21pm
Quoting eyevoltage
I hope you lads don't take this the wrong way, but it would be nice if you offered some reason WHY you entered a trade. Was it because price had retraced and then pushed through? Was it a really nice candlestick pattern that tickled your fancy? Whatever, I feel that we have to keep in mind that there are a lot of beginners out there who are looking for all the information they can get. I'm sure you'll agree that posting a chart and typing "I'm in on this one" "Bought this" "Sold this" etc., etc., isn't exactly going to pique a beginner's interest....

Wonderful sentiment EV!

You've hit the nail bang on the head with this post.

Many times I've stared at someone's chart for a good 5 minutes, scratching my head, whilst trying to figure just why the hell they've entered a trade? Entry and exit points shown, are also very appreciated?

It can be very frustrating, and I have to say that some charts just become useless clutter in any thread.

I'm not pointing a finger at anyone here, just food for thought. Keep it up guys, this is the best thread on ForexFactory, by a mile.
"Never interrupt your enemy when he is making a mistake" Napoleon Bonaparte
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