EU: Missed the first seat, awesome tweezer (micro double top), entered at the second strong bearish rejection of S1 for a quick scalp down to the .50 level.
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Psych Levels, Pivots, and Trendlines - Resurrected
- #10,262
- Jul 7, 2015 2:23pm Jul 7, 2015 2:23pm
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
15m..... EJ
Price almost touched S1 after a substantial bullish push, and then 3 small bearish candles, followed by another fairly substantial bullish candle indicated that price was probably going to continue up . Price then pushed up through the confluence of S1 and the 50sma. When price touched MS1, then it was time to jump ship.
Entry and exit as shown.
Price almost touched S1 after a substantial bullish push, and then 3 small bearish candles, followed by another fairly substantial bullish candle indicated that price was probably going to continue up . Price then pushed up through the confluence of S1 and the 50sma. When price touched MS1, then it was time to jump ship.
Entry and exit as shown.
15m..... EJ Price almost touched S1 after a substantial bullish push, and then 3 small bearish candles, followed by another fairly substantial bullish candle indicated that price was probably going to continue up . Price then pushed up through the confluence of S1 and the 50sma. When price touched MS1, then it was time to jump ship. Entry and exit as shown.
- #10,265
- Jul 8, 2015 2:42am Jul 8, 2015 2:42am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
[quote=fxnikolaev;8369537]Pennant, triangle GJ {image}[/quote
These patterns crop up time and time again, fxn. You do a good job of spotting them too!!
These patterns crop up time and time again, fxn. You do a good job of spotting them too!!
- #10,266
- Jul 8, 2015 2:54am Jul 8, 2015 2:54am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
This one came along a bit early for me, unfortunately. A great example of a descending triangle, with a perfect breakout and yielding around 60 pips.
Oh, well. Them's the breaks.
Oh, well. Them's the breaks.
This one came along a bit early for me, unfortunately. A great example of a descending triangle, with a perfect breakout and yielding around 60 pips. Oh, well. Them's the breaks.
- #10,268
- Jul 8, 2015 2:57am Jul 8, 2015 2:57am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
EU: Missed the first seat, awesome tweezer (micro double top), entered at the second strong bearish rejection of S1 for a quick scalp down to the .50 level. {image}
- #10,270
- Jul 8, 2015 3:06am Jul 8, 2015 3:06am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
I just love quick trades. EUR/USD 15min chart. Price moving away from Daily pivot and MA. Engulfing pattern. 20 Pip TP under 15 minutes from go to whoa! {image} Cheers Coastie
- #10,272
- Jul 8, 2015 3:15am Jul 8, 2015 3:15am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
{quote} Morning, I've been very busy lately and could not post much. That AJ was so nice and simple. +62 pips. {image}
Nice trading guys!Hey Cold, Your pivots are different to mine. Is there a reason why your pivot settings are set that way? Cheers Coastie
- #10,276
- Jul 8, 2015 3:42am Jul 8, 2015 3:42am
{quote} No reason, bro. I use different charts to find trades (same as EV's) and posted that one only because I could show that trade with a line. Those pivots have wrong settings, I just forgot about it. Sorry for confusion!
I just thought you may have a trick up your sleeve.
- #10,280
- Jul 8, 2015 8:32am Jul 8, 2015 8:32am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
15m..... GJ
Price reversed to MS2 and a harami candle formed. Price then moved downwards to S2 and through it. Entry and exit as shown. Wish we could see such set-ups more often.
Price reversed to MS2 and a harami candle formed. Price then moved downwards to S2 and through it. Entry and exit as shown. Wish we could see such set-ups more often.
