Psych Levels, Pivots, and Trendlines - Resurrected | Page 510 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #10,181
  • Jun 25, 2015 8:46pm Jun 25, 2015 8:46pm
Quoting apo
Forgot to mention ( very important )...the location...hovering around the daily pivot..then decidedly closed below ( indicating to me, at least, that the bears were taking control ) Billy
Nice trade, also has a bearish engulfing pattern
Cheers
  • #10,182
  • Jun 26, 2015 3:08am Jun 26, 2015 3:08am
My first trade of the day.
EUR/USD 5 Min chart.
Bounce off the daily pivot and 50sma.
TP on the Mid pivot level.
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 22 KB
  • #10,183
  • Jun 26, 2015 3:36am Jun 26, 2015 3:36am
Nice trades from Apo and Coastie. Keep 'em coming!
  • #10,184
  • Jun 26, 2015 8:51am Jun 26, 2015 8:51am
15m...... GJ

I missed this one because I had to go out. A bullish flag pattern across the Main Pivot and the 50sma, followed by a very definite breakout. My entry would have been as indicated, with the first target being the MR1. What a bummer!!!!
Attached Image
  • #10,185
  • Jun 27, 2015 1:53am Jun 27, 2015 1:53am
Hi EV, I was trying GU on 15 min. price close above pivot(signal candle). I enter long after the price went above the high of the signal candle. Am I trading the right way? Any comments is greatly appreciated. thanks.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 46 KB
  • #10,186
  • Jun 28, 2015 7:01pm Jun 28, 2015 7:01pm
Quoting brtan
Hi EV, I was trying GU on 15 min. price close above pivot(signal candle). I enter long after the price went above the high of the signal candle. Am I trading the right way? Any comments is greatly appreciated. thanks. {image}
brtan, you're looking for the right signals, mate, but in this case, it's better to stay away. Take a look at your chart. The whole day is ranging, with the MA mooching along sideways. No obvious trend in sight, you see, so it's best to leave a chart like this alone, and look for something that's got a definite trend going. This is just my opinion, mate.
  • #10,187
  • Jun 29, 2015 2:22am Jun 29, 2015 2:22am
Morning !!!
WTF. Depending on the severity of market conditions come Sunday night/Monday morning, we reserve the right to limit EUR trading to the closing of existing positions only.

http://www.reuters.com/article/2015/...me=usDollarRpt

Pixel if u are gonna be around, what Happened in Australia, I heard there is no more forex trading for Australia ????
  • #10,188
  • Jun 29, 2015 3:14am Jun 29, 2015 3:14am
Quoting fxnikolaev
Morning !!! WTF. Depending on the severity of market conditions come Sunday night/Monday morning, we reserve the right to limit EUR trading to the closing of existing positions only. http://www.reuters.com/article/2015/...me=usDollarRpt Pixel if u are gonna be around, what Happened in Australia, I heard there is no more forex trading for Australia ????
FXN,
Where did you hear about no more forex trading in Australia?
Cheers.
  • #10,189
  • Jun 29, 2015 3:52am Jun 29, 2015 3:52am
My trade for tonight.
EUR/USD 15min.
Above 50 SMA.
close above pivot line.
Bullish engulfing pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 23 KB

Cheers
Coastie
  • #10,190
  • Jun 29, 2015 4:44am Jun 29, 2015 4:44am
Quoting coastie
{quote} FXN, Where did you hear about no more forex trading in Australia? Cheers.
There was gov announcement last week. Just want to know what a hell happened
  • #10,191
  • Jun 29, 2015 4:46am Jun 29, 2015 4:46am
Quoting coastie
My trade for tonight. EUR/USD 15min. Above 50 SMA. close above pivot line. Bullish engulfing pattern. {image} Cheers Coastie
Nice trade
  • #10,192
  • Jun 29, 2015 5:13am Jun 29, 2015 5:13am
Quoting fxnikolaev
{quote} There was gov announcement last week. Just want to know what a hell happened
Yeah not sure, This is the first I have heard of it.
I have googled it today and found some traders from Australia owe more than they can afford to pay their broker, but I'm not sure how that works?
Cause I know with past accounts, even if I get close to zero balance my broker sends margin calls and then starts shutting positions way before it gets close to zero.
I don't understand how traders can get below zero accounts and that far under and owing their broker more money than they can afford to repay.
Apparently its hundreds of thousands of dollars.
As you can see I'm still trading and trading my favourite EUR/USD.

Cheers
Coastie
  • #10,193
  • Jun 29, 2015 5:19am Jun 29, 2015 5:19am
Quoting coastie
{quote} Yeah not sure, This is the first I have heard of it. I have googled it today and found some traders from Australia owe more than they can afford to pay their broker, but I'm not sure how that works? Cause I know with past accounts, even if I get close to zero balance my broker sends margin calls and then starts shutting positions way before it gets close to zero. I don't understand how traders can get below zero accounts and that far under and owing their broker more money than they can afford to repay. Apparently its hundreds of thousands...
Nice to see u are trading )))

It is easy U have $100K, u opened positions on $500K, market went against u, they let u hold position for couple weeks, and after that closed it, and u own ur broker 1000 000. I had that one time, My account was in minus for one week, bu t after all I closed it +200 pips.
  • #10,194
  • Jun 29, 2015 5:21am Jun 29, 2015 5:21am
Not much of the trading today, Greeks is killing the market ((((((((
  • #10,195
  • Jun 29, 2015 5:21am Jun 29, 2015 5:21am
Trading as usual FKniko, it may have been an Australian brokerage?

coastie, a broker will close out positions at margin call, but if the price gaps hundreds or thousands of pips beyond your stop, you are liable for the difference.

Recently there was the Swiss fiasco, where many traders were left with negative balances.

If a brokerage runs an A and B book, meaning a B book is hedged internally, and A book is fed onto the interbank. B booked clients should have SL honored in any case scenario.

If you are being fed through to the "real" market, A book, then slippage positive or negative is inevitable.
  • #10,196
  • Jun 29, 2015 5:22am Jun 29, 2015 5:22am
Quoting fxnikolaev
Not much of the trading today, Greeks is killing the market ((((((((

We expect a volatile market my friend
  • #10,197
  • Jun 29, 2015 5:23am Jun 29, 2015 5:23am
Quoting PixeLM
Trading as usual FKniko, it may have been an Australian brokerage? coastie, a broker will close out positions at margin call, but if the price gaps hundreds or thousands of pips beyond your stop, you are liable for the difference. Recently there was the Swiss fiasco, where many traders were left with negative balances. If a brokerage runs an A and B book, meaning a B book is hedged internally, and A book is fed onto the interbank. B booked clients should have SL honored in any case scenario. If you are being fed through to the "real" market, A book,...
By Fifo rule in US, they give u couple weeks to close ur position, after margin call
  • #10,198
  • Jun 29, 2015 5:25am Jun 29, 2015 5:25am
Quoting PixeLM
{quote} We expect a volatile market my friend
Madness may come to the market. I hope to 10 000 pips trade ))))
  • #10,199
  • Jun 29, 2015 5:26am Jun 29, 2015 5:26am
Wow, I didn't know that Fxniko. That could be disastrous if the position keeps moving against you..
  • #10,200
  • Jun 29, 2015 5:26am Jun 29, 2015 5:26am
Quoting PixeLM
Wow, I didn't know that Fxniko. That could be disastrous if the position keeps moving against you..
Thats why we have Stop Loss ))))))

Remember, I think 2011 October, The crazy move CHF, 1000 pips in one hour ))))) I wanna have the same trade ))))
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