Psych Levels, Pivots, and Trendlines - Resurrected
Its been a while since I posted a chart, sorry for the hiatus. Work is increasingly busy it seems. UJ is playing our levels well, particularly this little formation tonight on the 15min chart. {image}
AUD/JPY 15 min First rejection from daily pivot. Then in London it gave a bearish engulfing pattern across mid pivot. TP 20 pips
AUD/JPY 15 min First rejection from daily pivot. Then in London it gave a bearish engulfing pattern across mid pivot. TP 20 pips
{quote} Hi Coastie et al. I lurk here sometimes when not on ""Billie die happy trading." I posted an oil trade using a pivot break. One reason I come here is that I am trying to incorporate pivot line trading (price levels) into my tool box. You guys post good stuff and I think that if one adds patience to sit and wait for such pivots to tip the odds in your favour, then one could become that elusive creature -the profitable trader. {image}
Good morning, folks. 15m..... AJ I'm a bit late posting this one as something else cropped up. This trade was initiated by about an hour and a half of resistance testing of MS2. Once price dropped away, entry was as posted on the chart. I was half-expecting a halt at S2, so it was nice to see price drop further to where the trade finished, just above MS3.
Good morning, folks. 15m..... AJ I'm a bit late posting this one as something else cropped up. This trade was initiated by about an hour and a half of resistance testing of MS2. Once price dropped away, entry was as posted on the chart. I was half-expecting a halt at S2, so it was nice to see price drop further to where the trade finished, just above MS3.
Good morning, folks. 15m..... AJ I'm a bit late posting this one as something else cropped up. This trade was initiated by about an hour and a half of resistance testing of MS2. Once price dropped away, entry was as posted on the chart. I was half-expecting a halt at S2, so it was nice to see price drop further to where the trade finished, just above MS3.
) and wait for a second signal bar, but this time there's a possibility of session's high and the Target seems to give at least a 1:1 RR so what the hell.
