Psych Levels, Pivots, and Trendlines - Resurrected | Page 515 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #10,281
  • Jul 8, 2015 8:39am Jul 8, 2015 8:39am
Quoting fuzz
Good morning guys, UJ: Rejection on S2 and Bearish engulfing as trigger, was targeting S3 but bailed out at middle point for a 12+ I'm simple loving this method {image}
Nice one and simple as can be, fuzz! I can't understand why some folks make things so complicated. Can you?
  • #10,282
  • Jul 8, 2015 8:51am Jul 8, 2015 8:51am
Quoting eyevoltage
{quote} Nice one and simple as can be, fuzz! I can't understand why some folks make things so complicated. Can you?
Well, I must say that for a long time I was one of those folks , and from time to time I still over complicate things.
Seems like its human nature to associate trading with a complex procedure when in reality the more you can make your trading process as simple as possible for yourself the % of failure decreases at the same rate you take off the variables in the process...anyways just my humble discoveries in this one and half year of trading adventure.

regards fuzz
  • #10,283
  • Jul 8, 2015 9:11am Jul 8, 2015 9:11am
Last trade for today. AJ M15

Price retraced to S1 and 50SMA for retest where harami pattern appeared.
Closed manually for +35.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM152.png Size: 35 KB
  • #10,284
  • Jul 8, 2015 11:02am Jul 8, 2015 11:02am
Quoting Cold_W
Last trade for today. AJ M15 Price retraced to S1 and 50SMA for retest where harami pattern appeared. Closed manually for +35. {image}
Good trade, Cold. Price hit the confluence and dropped. Dead simple, mate, and a nice money-maker!
  • #10,285
  • Jul 8, 2015 2:40pm Jul 8, 2015 2:40pm
@eyevoltage
Here's one I did earlier
Feel free to whether or not it fits into your thread -I just realised I did one trade on the break of a flag albeit I was thinking "levels."
Same execution but different descriptive terms maybe ?
The G/J was not traded by me but was on my watch list (very small list) and annotated in retrospect with set ups I use. (Doesn't mean I spot them at the time)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: OIL.jpg Size: 272 KB
Click to Enlarge Name: poundyen.jpg Size: 261 KB
every Saint has a past. Every Sinner has a Future
  • #10,286
  • Jul 9, 2015 12:54am Jul 9, 2015 12:54am
Morning!

UJ M15

Ascending Triangle along DP. Nice and simple. Closed +25 @ .50 level.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 62 KB
  • #10,287
  • Jul 9, 2015 3:01am Jul 9, 2015 3:01am
Quoting Cold_W
Morning! UJ M15 Ascending Triangle along DP. Nice and simple. Closed +25 @ .50 level. {image}
Good morning, Cold. You're right....it was nice and simple. These triangles crop up all the time.
  • #10,288
  • Jul 9, 2015 3:07am Jul 9, 2015 3:07am
G'day matee's!!!
I took this trade at the close of the first London 15 min candle.
Same as usual.
Engulfing candle!
Price closed below previous high, MR1 and below the 50sma heading for the daily pivot.
TP 20 pips.
Blue box indicates big spinning top (indecision). Engulfing candle closed outside, so I was in.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 21 KB

Cheers
Coastie
  • #10,289
  • Jul 9, 2015 3:36am Jul 9, 2015 3:36am
Quoting coastie
G'day matee's!!! I took this trade at the close of the first London 15 min candle. Same as usual. Engulfing candle! Price closed below previous high, MR1 and below the 50sma heading for the daily pivot. TP 20 pips. Blue box indicates big spinning top (indecision). Engulfing candle closed outside, so I was in. {image} Cheers Coastie
Nice trade!
  • #10,290
  • Edited 4:43am Jul 9, 2015 3:54am | Edited 4:43am
15m..... GBP/CHF

Testing resistance on MR1, a push-through and then a test of support, followed by a move upwards. Can't seem to get through yesterday's MS1 though..

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf0002.png Size: 58 KB
  • #10,291
  • Jul 9, 2015 5:15am Jul 9, 2015 5:15am
AU M15 short

Price moved below R1 and retraced to test it. Bearish harami candle and move downwards triggered this trade.
Closed around DP for +35
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 28 KB
  • #10,292
  • Jul 9, 2015 6:10am Jul 9, 2015 6:10am
Quoting Cold_W
AU M15 short Price moved below R1 and retraced to test it. Bearish harami candle and move downwards triggered this trade. Closed around DP for +35 {image}
Well spotted, mate! Good one.
  • #10,293
  • Edited 7:47am Jul 9, 2015 6:56am | Edited 7:47am
Good Morning guys, lots of action already....unfortunately I woke up a bit too late

GU right now, anyone also watching this? Possible wedge bull flag, odds favor break north, but anything goes since prior uptrend isn't that strong IMHO.

EDIT: I'm long above .00 (1.5401) targeting R1, but ready to bail out if we find too much resistance at middle point, let's see how it goes

EDIT 2: Out at -25, should have got out way sooner than I did, I really stubborn when I want to
Attached Image
  • #10,294
  • Jul 9, 2015 10:04am Jul 9, 2015 10:04am
Aussie 61 Fib retracement at R1 rejection followed a DCC and bearish engulfing pattern acting as triggers, I entered on the following candle which proved to be a little early, anyways good enough to recover from previous loss and make some pips which is nice. Hopefully I'm doing things right according to the method, if not please comment cuz I'm always interested in learning
Attached Image (click to enlarge)
Click to Enlarge Name: AU.jpg Size: 210 KB
  • #10,295
  • Jul 10, 2015 1:23am Jul 10, 2015 1:23am
Morning!

EC M15

Bullish pennant along MR1.
As EV once wrote "when a flag, wedge, triangle etc., forms around any of the pivots, then I'm VERY interested"
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM15.png Size: 55 KB
  • #10,296
  • Jul 10, 2015 2:31am Jul 10, 2015 2:31am
Quoting Cold_W
Morning! EC M15 Bullish pennant along MR1. As EV once wrote "when a flag, wedge, triangle etc., forms around any of the pivots, then I'm VERY interested" {image}
Good morning, Cold.
Nice start to the day, mate! Well done! What's the spread on this pair, Cold?
  • #10,297
  • Jul 10, 2015 2:36am Jul 10, 2015 2:36am
Quoting eyevoltage
{quote} Good morning, Cold. Nice start to the day, mate! Well done! What's the spread on this pair, Cold?
Thank you!
The spread on EC is around 3 pips.
  • #10,298
  • Jul 10, 2015 2:39am Jul 10, 2015 2:39am
15m.... EJ

I missed this one purely out of carelessness. A nice harami before a break of MR2. It would have yielded around 25 pips or so.
It'll teach me to look more closely. Just goes to to show.....no matter how long we've been in this game, mistakes can still hound you!
Attached Image
  • #10,299
  • Jul 10, 2015 2:47am Jul 10, 2015 2:47am
Quoting eyevoltage
15m.... EJ I missed this one purely out of carelessness. A nice harami before a break of MR2. It would have yielded around 25 pips or so. It'll teach me to look more closely. Just goes to to show.....no matter how long we've been in this game, mistakes can still hound you! {image}
There was pretty much the same picture on EU, but I didn't take as R1 was very close!
Oh, well we can't take them all
  • #10,300
  • Jul 10, 2015 2:56am Jul 10, 2015 2:56am
Nice trade cold
Unlucky EV!!!

Quoting Cold_W
{quote} There was pretty much the same picture on EU, but I didn't take as R1 was very close! Oh, well we can't take them all
Yeah, I missed this too.
Looks like the weekend might start early for me.

Cheers
Coastie
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