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.
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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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