Psych Levels, Pivots, and Trendlines - Resurrected | Page 516 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #10,301
  • Jul 10, 2015 4:19am Jul 10, 2015 4:19am
Hooray!!!
I got my EUR/USD trade.
15min chart.
Bounce off R1, pinbar, and engulfing candle! my favourite.
20 pip TP
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 26 KB


Have a good weekend all!
Cheers
Coastie
  • #10,302
  • Jul 10, 2015 4:24am Jul 10, 2015 4:24am
15m.... GJ

An absolute cracker to finish the week! A nice little symmetrical triangle on R2. Entry and exit as shown. When you see any collection of candles on a pivot after a fall or a rise, it's always worth examining it in order that you might spot a nice pattern forming. Doesn't always work out, of course, but this one did!!
Attached Image
  • #10,303
  • Jul 10, 2015 4:25am Jul 10, 2015 4:25am
Quoting coastie
Hooray!!! I got my EUR/USD trade. 15min chart. Bounce off R1, pinbar, and engulfing candle! my favourite. 20 pip TP {image} Have a good weekend all! Cheers Coastie
Nice one, Coastie. Have a nice weekend.
  • #10,304
  • Jul 10, 2015 4:31am Jul 10, 2015 4:31am
Quoting coastie
Hooray!!! I got my EUR/USD trade. 15min chart. Bounce off R1, pinbar, and engulfing candle! my favourite. 20 pip TP {image} Have a good weekend all! Cheers Coastie
Well done

Quoting eyevoltage
15m.... GJ An absolute cracker to finish the week! A nice little symmetrical triangle on R2. Entry and exit as shown. When you see any collection of candles on a pivot after a fall or a rise, it's always worth examining it in order that you might spot a nice pattern forming. Doesn't always work out, of course, but this one did!! {image}
Great trade! Missed it as I've been watching smth else.
  • #10,305
  • Jul 10, 2015 5:58am Jul 10, 2015 5:58am
AJ M15

Triangle break out and bounce off SMA 50!
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM15.png Size: 50 KB
  • #10,306
  • Jul 10, 2015 8:01am Jul 10, 2015 8:01am
UJ: BO retest of R2 and a harami as trigger, order triggered at break of harami's top, targeting next psych level .50, great scalp trade for a +12, daily target hit
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.jpg Size: 109 KB
  • #10,307
  • Jul 10, 2015 8:19am Jul 10, 2015 8:19am
Since I'm a newbie in this thread I thought It would be interesting to post my results so far using this strategy, I know its a bit early but after one week following the guidelines the results are very very impressive.

I took 9 trades during the week, where 8 where winners and only one losing position for a whopping 90% winrate (I'm aware a 90% winrate isn't sustainable but the potential of the method remains obviously powerful).

I must thank EV and the others in this thread for their efforts in bringing such a valuable asset of information that completely changed my previous erratic results .

have a great weekend mates

regards fuzz
  • #10,308
  • Jul 12, 2015 7:14pm Jul 12, 2015 7:14pm
Nice trading guys!
I have found that AUD/JPY has good moves at the open of the Asian session, enough for me to get my 20 pips!
Here is a trade I took this morning.
Bounce off pivot and 50 sma. Also my favourite..... Engulfing candle pattern.
TP 20 pips
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYM15.png Size: 24 KB


Cheers
Coastie
  • #10,309
  • Jul 13, 2015 3:00am Jul 13, 2015 3:00am
EUR/USD trade
15 minute chart
Price exploded out of spinning top (indecision) and closed below daily pivot and 50sma.
Engulfing candlestick pattern.
TP 20pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 32 KB

Cheers
Coastie
  • #10,310
  • Jul 13, 2015 4:36am Jul 13, 2015 4:36am
Quoting coastie
EUR/USD trade 15 minute chart Price exploded out of spinning top (indecision) and closed below daily pivot and 50sma. Engulfing candlestick pattern. TP 20pips. {image} Cheers Coastie
Very nice trades mate, congrats!
  • #10,311
  • Edited 7:25am Jul 13, 2015 7:14am | Edited 7:25am
15m...... GU

Price climbed to R1, pushed through and formed a powerful Dark Cloud Cover candle. One of my favourites, and the dramatic drop afterwards tells you why!!
Attached Image
  • #10,312
  • Jul 13, 2015 8:05am Jul 13, 2015 8:05am
Quoting eyevoltage
15m...... GU Price climbed to R1, pushed through and formed a powerful Dark Cloud Cover candle. One of my favourites, and the dramatic drop afterwards tells you why!! {image}
Cannot open image ?
every Saint has a past. Every Sinner has a Future
  • #10,313
  • Jul 13, 2015 8:18am Jul 13, 2015 8:18am
GU.................Comments welcome ( Be aware my candle/price formation names probably differ from the long term posters here)
Edit......First short has pivot as target (note also previous prices from Midnight have pivot as centre {Consolidation Box})
Attached Image (click to enlarge)
Click to Enlarge Name: USD15minute.jpg Size: 357 KB
every Saint has a past. Every Sinner has a Future
  • #10,314
  • Jul 13, 2015 9:47am Jul 13, 2015 9:47am
Quoting turnip15
{quote} Cannot open image ?
Right click it and then select "open image in new tab". Usually works. This "little image" happens sometimes, and I have no idea why. Anybody out there got any suggestions?
  • #10,315
  • Jul 13, 2015 9:51am Jul 13, 2015 9:51am
Quoting eyevoltage
{quote} Right click it and then select "open image in new tab". Usually works. This "little image" happens sometimes, and I have no idea why. Anybody out there got any suggestions?
That worked EV. Now I know what you mean by Dark Cloud Cover I must look at these candle formations (outside of those I already use) to get more familiarity with them
every Saint has a past. Every Sinner has a Future
  • #10,316
  • Jul 13, 2015 9:59am Jul 13, 2015 9:59am
@Eyevoltage
Quoting turnip15
{quote} That worked EV. Now I know what you mean by Dark Cloud Cover I must look at these candle formations (outside of those I already use) to get more familiarity with them
EDIT.....R1 ?? I was way above R3.........am I using different Pivots to you EV ?
(I am using standard Daily Pivot on IG charts.)
every Saint has a past. Every Sinner has a Future
  • #10,317
  • Jul 13, 2015 11:01am Jul 13, 2015 11:01am
Quoting turnip15
@Eyevoltage {quote} EDIT.....R1 ?? I was way above R3.........am I using different Pivots to you EV ? (I am using standard Daily Pivot on IG charts.)
On my chart, price had pushed through R1, formed a DCC and then dropped back through R1. I don't think there's any doubt that you're using different pivots than me, me old mate!! If you go to the top of the page, click the "paper clip" and you'll see loads of indicators that's been used on this thread. Look for FXI Pivots. That's what I've been using since Adam was a lad. There'll be another one called "Pivot Mid-Levels" as well, which I use with FXI. I can't guarantee that they'll appear the same on your charts as they are on mine. All you can do is try them out.
  • #10,318
  • Jul 13, 2015 11:22am Jul 13, 2015 11:22am
Quoting eyevoltage
{quote} On my chart, price had pushed through R1, formed a DCC and then dropped back through R1. I don't think there's any doubt that you're using different pivots than me, me old mate!! If you go to the top of the page, click the "paper clip" and you'll see loads of indicators that's been used on this thread. Look for FXI Pivots. That's what I've been using since Adam was a lad. There'll be another one called "Pivot Mid-Levels" as well, which I use with FXI. I can't guarantee that they'll appear the same on your charts as they are on mine. All...
I take it I should use MT4 (IG has a version as an alternative to their own charts)?
every Saint has a past. Every Sinner has a Future
  • #10,319
  • Jul 13, 2015 11:33am Jul 13, 2015 11:33am
Quoting turnip15
{quote} I take it I should use MT4 (IG has a version as an alternative to their own charts)?
Far be it from me to tell you what to use, turnip. However, it does appear that MT4 is very popular on FF, and it's very easy to use. The ball's in your court, as they say!
  • #10,320
  • Jul 13, 2015 11:37am Jul 13, 2015 11:37am
EV, nice catch - you got a nice reversal pattern right off R2 on my chart. Fib pivots. :nerd:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD+M15.png Size: 103 KB
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