Psych Levels, Pivots, and Trendlines - Resurrected | Page 511 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #10,201
  • Jun 29, 2015 5:29am Jun 29, 2015 5:29am
Quoting fxnikolaev
{quote} Madness may come to the market. I hope to 10 000 pips trade ))))

Flip of the coin to which way it speeds.

Fundamentally the EUR should weaken, but I've seen enough of the market to know I would bet on any direction.. Just trade the levels.

I noticed the EURJPY is trading WAY outside previous days levels, the JPY gained a lot of ground over the weekend.
I expected GOLD to open a lot more bullish, watching...
  • #10,202
  • Jun 29, 2015 5:31am Jun 29, 2015 5:31am
Quoting fxnikolaev
{quote} Thats why we have Stop Loss )))))) Remember, I think 2011 October, The crazy move CHF, 10 000 pips in one hour ))))) I wanna have the same trade ))))

I remember well mate, it was about an hour before London open. I had some GBP and USD buys open which closed quickly. Since that day I never touch the CHF pairs. CHFJPY used to be a favorite lol.
  • #10,203
  • Jun 29, 2015 5:36am Jun 29, 2015 5:36am
Good morning, my friends.
In amongst all the chaos, this nice TL on usdcad. A breakthrough the TL and 50sma and a push up to around to MR1 area. Couldn't take it. Been too busy this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad0006.png Size: 55 KB
  • #10,204
  • Jun 29, 2015 5:43am Jun 29, 2015 5:43am
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,...
Can I ask who your broker is?
  • #10,205
  • Jun 29, 2015 5:53am Jun 29, 2015 5:53am
Second and last trade of the day.
EUR/USD 15min.
Bounce off S2.
Bullish engulfing pattern.
Target S1. ( closed 1 pip early due to everything going on at the moment.)
And yes.. I'm a chicken for closing early!!!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 23 KB

Happy trading all.
After working nightshift and not much sleep in 5 days, I think its sleep time.
Cheers
Coastie
  • #10,206
  • Jun 29, 2015 5:54am Jun 29, 2015 5:54am
Hey EV, too busy.. probably lucky

coastie, I use Global Prime, Ive used MANY brokers.. AND GP is easily the best, Jeremy at GP is really good, excellent customer service.
  • #10,207
  • Jun 29, 2015 5:55am Jun 29, 2015 5:55am
Quoting coastie
Second and last trade of the day. EUR/USD 15min. Bounce off S2. Bullish engulfing pattern. Target S1. ( closed 1 pip early due to everything going on at the moment.) And yes.. I'm a chicken for closing early!!! {image} Happy trading all. After working nightshift and not much sleep in 5 days, I think its sleep time. Cheers Coastie

Very good trade considering the market conditions right now, you took profit at previous high so that's as good as the next level in my books..
  • #10,208
  • Jun 29, 2015 5:56am Jun 29, 2015 5:56am
Quoting PixeLM
Hey EV, too busy.. probably lucky coastie, I use Global Prime, Ive used MANY brokers.. AND GP is easily the best, Jeremy at GP is really good, excellent customer service.
Thanks Pixie, I'm using Pepperstone at the moment.
Cheers
Coastie
  • #10,209
  • Jun 30, 2015 3:53am Jun 30, 2015 3:53am
Hi,

EU 15mins short after break of pivot. hope i am getting this wonderful system. And thanks to EV for your replies.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 24 KB
  • #10,210
  • Edited 4:54am Jun 30, 2015 4:42am | Edited 4:54am
Quoting brtan
Hi, EU 15mins short after break of pivot. hope i am getting this wonderful system. And thanks to EV for your replies. {image}
Hang in there!!!!
News has pushed price against you, but its not over yet!
Cheers

EDIT.
Bugger!
Very unfortunate. But that's how it goes sometimes.
  • #10,211
  • Jun 30, 2015 5:50am Jun 30, 2015 5:50am
I missed this one.....too busy with other things. A push through the confluence of MR1 and the 50sma, followed by an impressive bearish engulfing candle. Price then dropped to the Main Pivot line, and would have yielded around 25 pips or so.
Attached Image
  • #10,212
  • Jun 30, 2015 6:08am Jun 30, 2015 6:08am
Quoting eyevoltage
I missed this one.....too busy with other things. A push through the confluence of MR1 and the 50sma, followed by an impressive bearish engulfing candle. Price then dropped to the Main Pivot line, and would have yielded around 25 pips or so. {image}
Unlucky EV!
I think that has been the only pair to make a decent trade since London open.
I scalped a trade on the EUR/USD against trend earlier for 15 pips. (more ass than class)
Cheers
Coastie
  • #10,213
  • Jun 30, 2015 6:16am Jun 30, 2015 6:16am
Quoting coastie
{quote} Unlucky EV! I think that has been the only pair to make a decent trade since London open. I scalped a trade on the EUR/USD against trend earlier for 15 pips. (more ass than class) Cheers Coastie
Good on yer, mate! It's all been pretty scrappy today with the odd half-assed chance here and there.
  • #10,214
  • Jun 30, 2015 8:05am Jun 30, 2015 8:05am
15m..... GU

Flag pattern dropped across the Main Pivot line. After the break upwards, price made MR1 with hardly a pause. Entry and exit as shown.
Attached Image
  • #10,215
  • Jun 30, 2015 8:15am Jun 30, 2015 8:15am
This market just smells of crazy right now, I feel something weird is going to happen with this debt crisis... Sitting out
  • #10,216
  • Jun 30, 2015 8:25am Jun 30, 2015 8:25am
Quoting PixeLM
This market just smells of crazy right now, I feel something weird is going to happen with this debt crisis... Sitting out
Define "weird" in this context. Sudden climbs? Sudden falls? The GU chart that I posted was just one of the six different charts I have on my screen. TBH, I could have picked any one of them, I guess.
  • #10,217
  • Jun 30, 2015 8:39am Jun 30, 2015 8:39am
Quoting eyevoltage
{quote} Define "weird" in this context. Sudden climbs? Sudden falls? The GU chart that I posted was just one of the six different charts I have on my screen. TBH, I could have picked any one of them, I guess.

Definitely good setups mate Im just chicken lol
  • #10,218
  • Jun 30, 2015 8:48am Jun 30, 2015 8:48am
Quoting PixeLM
{quote} Definitely good setups mate Im just chicken lol
Hee hee!
  • #10,219
  • Jun 30, 2015 12:45pm Jun 30, 2015 12:45pm
EV, nice trade mate .
Welcome to the Hen house Pixie .
I might have to start looking for a new pair to trade!
Cheers
  • #10,220
  • Jul 1, 2015 4:21am Jul 1, 2015 4:21am
Just thought I'd give you this link. It has loads of examples of how to recognize and use the Doji. In fact, LOADS of candlestick information.


https://www.google.co.uk/search?hl=e...&hl=en&imgrc=_
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