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Psych Levels, Pivots, and Trendlines - Resurrected

  • #10,101
  • Jun 11, 2015 3:44am Jun 11, 2015 3:44am
Quoting eyevoltage
Cold, just curious. What was the spread on that EA trade?
I trade with Oanda and spread was floating aroung 2-4 pips.

Here is MT4 chart with trade. You can see the spread.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 43 KB
  • #10,102
  • Jun 11, 2015 3:50am Jun 11, 2015 3:50am
Quoting Cold_W
{quote} I trade with Oanda and spread was floating aroung 2-4 pips.
On the charts that I'm using (EGlobal) the spread is 10 !!
  • #10,103
  • Jun 11, 2015 3:53am Jun 11, 2015 3:53am
Quoting eyevoltage
{quote} On the charts that I'm using (EGlobal) the spread is 10 !!
It's crazy! It's good that we can choose where to trade
  • #10,104
  • Jun 11, 2015 5:08am Jun 11, 2015 5:08am
Quoting eyevoltage
15m.....EU Price dropped through MS1, retested it for resistance, and then dropped to S1. Entry and exit as shown. {image}
GJ M15

Trade is based on the same scenario, only here it pushed through MR1 and tested it for support.
EV, please let me know what you think.
It hit my SL for BE.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 57 KB
  • #10,105
  • Jun 11, 2015 5:27am Jun 11, 2015 5:27am
Quoting Cold_W
{quote} GJ M15 Trade is based on the same scenario, only here it pushed through MR1 and tested it for support. EV, please let me know what you think. It hit my SL for BE. {image}
I was watching this one, Cold, but just after the support test, I was called away to the phone. When I came back, I saw a complete Maruzobu candle, and it was too late to enter. Where price reversed was about the same level as yesterday's MR1. Price does sometimes still respect the pivot levels of the previous couple of days or so. Just one of those things, my friend.
  • #10,106
  • Jun 11, 2015 5:30am Jun 11, 2015 5:30am
Another interesting site dealing with the essential candlesticks.

http://www.tradingsetupsreview.com/1...rns-must-know/
  • #10,107
  • Jun 11, 2015 6:04am Jun 11, 2015 6:04am
Quoting eyevoltage
Another interesting site dealing with the essential candlesticks. http://www.tradingsetupsreview.com/1...rns-must-know/
Thank you, looks like a great read!
  • #10,108
  • Jun 11, 2015 6:07am Jun 11, 2015 6:07am
Quoting Cold_W
{quote} Thank you, looks like a great read!
You're very welcome.
  • #10,109
  • Jun 11, 2015 6:38am Jun 11, 2015 6:38am
Quoting eyevoltage
{quote} On the charts that I'm using (EGlobal) the spread is 10 !!
That would be 1.0pips?
  • #10,110
  • Jun 11, 2015 7:10am Jun 11, 2015 7:10am
Quoting PixeLM
{quote} That would be 1.0pips?
That's 10 pips!
  • #10,111
  • Jun 11, 2015 7:14am Jun 11, 2015 7:14am
Quoting PixeLM
{quote} That would be 1.0pips?

The difference between the Bid and Ask is the spread, and in this instance, the spread was 10 pips. Correct me if I'm wrong?
  • #10,112
  • Jun 11, 2015 7:27am Jun 11, 2015 7:27am
Thanks EV I'll check it out.
I missed that trade on the EU as I was working at the time, bugger!!
Nice trading going on here tonight, well done to all.
cheers
Coastie
  • #10,113
  • Jun 11, 2015 8:08am Jun 11, 2015 8:08am
10 pips is huge EV... far out...

I trade with Global prime brokerage in AU.. absolute best ive been with in the 7 years Ive had accounts.
  • #10,114
  • Jun 11, 2015 8:21am Jun 11, 2015 8:21am
Quoting PixeLM
10 pips is huge EV... far out... I trade with Global prime brokerage in AU.. absolute best ive been with in the 7 years Ive had accounts.
However, Pix, I avoid large spreads like the plague. No need to mess around with pairs like that, when there's so many others with much smaller spreads.
  • #10,115
  • Edited 12:13pm Jun 11, 2015 12:02pm | Edited 12:13pm
It's been a hard day for trading.
Just closed last trade.

EC M15

Morning Star pattern around S1. Closed for +30 pips on 50SMA
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM15.png Size: 63 KB
  • #10,116
  • Jun 12, 2015 3:37am Jun 12, 2015 3:37am
Morning,

AU M15

Bearish flag along MS1.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 63 KB
  • #10,117
  • Jun 12, 2015 4:02am Jun 12, 2015 4:02am
Quoting Cold_W
Morning, AU M15 Bearish flag along MS1. {image}
Nice trade, Cold. I'm not trading this morning. Too busy.
Have a nice weekend.
  • #10,118
  • Jun 12, 2015 5:07am Jun 12, 2015 5:07am
Quoting eyevoltage
{quote} Nice trade, Cold. I'm not trading this morning. Too busy. Have a nice weekend.
Thank you, EV. And a great weekend to you!
  • #10,119
  • Jun 13, 2015 5:44am Jun 13, 2015 5:44am
Hope everyone's having a great weekend. The weather is gorgeous here in NY.
Whilst doing some candlestick work I came upon this site. Thought I'd share. cya next week


http://www.onlinetradingconcepts.com...ticksHome.html

Billy
  • #10,120
  • Jun 13, 2015 9:23am Jun 13, 2015 9:23am
Quoting apo
Hope everyone's having a great weekend. The weather is gorgeous here in NY. Whilst doing some candlestick work I came upon this site. Thought I'd share. cya next week http://www.onlinetradingconcepts.com...ticksHome.html Billy

Good read -thanks for sharing.
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