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Psych Levels, Pivots, and Trendlines - Resurrected

  • #10,381
  • Edited 8:43am Jul 22, 2015 8:27am | Edited 8:43am
eurusd - M5 - short

1] bearish divergence above mR1 ending with shooting star and bearish engulfing pattern (grey ellipse).
2] mR1 taken out with a longish candle.
3] entry 1 below that area at 1.0945 after a nice LH.
4] entry 2 after re-emerging below ma zone after printing a bunch of hanging men (blue ellipse).
5] exit near DP 1.0908
6] s/l above LH where marked at 1.0961 updated progressively above new peaks as they form.
7] trade value = 37 + 17 = 54 pips.
8] quite a lazy trade -- took about 5 hours!

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M5_20150722.png Size: 34 KB
  • #10,382
  • Jul 22, 2015 8:40am Jul 22, 2015 8:40am
Quoting pgd
eurusd - M5 - short 1] bearish divergence above mR1 ending with shooting star and bearish engulfing pattern (grey ellipse). 2] mR1 taken out with a longish candle. 3] entry 1 below that area at 1.0945 after a nice LH. 4] entry 2 after re-emerging below ma zone after printing a bunch of hanging men (blue ellipse). 5] exit near DP 1.0908 6] s/l where marked at 1.0961 updated progressively above new peaks as they form. 7] trade value = 37 + 17 = 54 pips. 8] took about 5 hours! {image}
Good to see you back on here again, pgd. 5 hours or not, 54 pips is worth the wait!
  • #10,383
  • Jul 22, 2015 8:55am Jul 22, 2015 8:55am
Quoting eyevoltage
{quote} Good to see you back on here again, pgd. 5 hours or not, 54 pips is worth the wait!
thanks, ev.

yes, surely worth it.
and, no need to even stare at the screen.
one takes a look every 30 minutes or so.
  • #10,384
  • Jul 22, 2015 8:57am Jul 22, 2015 8:57am
Quoting snail69
{quote} Hi PGD , it is because you and EV are buddies.
oh, ok!

thanks, snail.
  • #10,385
  • Jul 22, 2015 9:21am Jul 22, 2015 9:21am
GJ M15

This one has been boiling my brain for an hour. This time was quick enough to grab 25 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM152.png Size: 53 KB
  • #10,386
  • Jul 22, 2015 9:51am Jul 22, 2015 9:51am
Quoting Cold_W
GJ M15 This one has been boiling my brain for an hour. This time was quick enough to grab 25 pips. {image}
Nice one . A real test to the patience.
  • #10,387
  • Jul 22, 2015 9:55am Jul 22, 2015 9:55am
Quoting fuzz
{quote} Nice one . A real test to the patience.
So true, bro. Patience is essential part of this game.
  • #10,388
  • Jul 22, 2015 10:22am Jul 22, 2015 10:22am
eurusd_m5

watching this for a potential reversal after this nice bullish divergence.
perhaps now, a higher low. then, an entry above RN 0900 and 0904 (pivot).

any thoughts, anyone?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M5_2_20150722.png Size: 30 KB
  • #10,389
  • Jul 22, 2015 11:09am Jul 22, 2015 11:09am
Quoting pgd
eurusd_m5 watching this for a potential reversal after this nice bullish divergence. perhaps now, a higher low. then, an entry above RN 0900 and 0904 (pivot). any thoughts, anyone? {image}
that exact scenario is vitiated for now.
we have a new low. price has hit mS1.
however, bullish divergence persists.
so, still worth watching...
  • #10,390
  • Edited 12:45pm Jul 22, 2015 12:31pm | Edited 12:45pm
EURUSD_M5_LONG

Trade taken.

after new bullish divergence at mS1 ending with 2 hammers:
entry1 -- when hammers taken out.
entry2 -- when retesting level (dashed gold line)
entry3 -- when bullish harami forming HL taken out

exit -- 2/3 pos. at 1.0899 (near RN 1.0900 and DP)
holding 1/3 pos. with SL below bullish harami, targeting 1.0950 area (RN and mR1).

edit:
price takes out previous high and closes above DP.
so, s/l moved to 1.0892, below previous trough.
that locks bal. 1/3 pos. in small profit.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_M5_3_20150722.png Size: 44 KB
  • #10,391
  • Jul 22, 2015 9:59pm Jul 22, 2015 9:59pm
eurusd m5 long

1] price drifts to DP.
2] bullish engulfing pattern formed.
3] entry above pattern.
4] exit at RN __50.

Attached Image
  • #10,392
  • Jul 23, 2015 2:38am Jul 23, 2015 2:38am
15m............ GBP/CHF

A nice flag pattern across the Main Pivot line and the 50sma confluence. Entry and exit as shown. (Good to see you back, pqd! Nice trades!!)
Attached Image
  • #10,393
  • Jul 23, 2015 2:41am Jul 23, 2015 2:41am
EU, strong support, divergence and engulf
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 55 KB
  • #10,394
  • Jul 23, 2015 2:43am Jul 23, 2015 2:43am
Quoting eyevoltage
15m............ GBP/CHF A nice flag pattern across the Main Pivot line and the 50sma confluence. Entry and exit as shown. (Good to see you back, pqd! Nice trades!!) {image}
Nice one

Have to check that pair. Is it decent pair ????
  • #10,395
  • Jul 23, 2015 2:45am Jul 23, 2015 2:45am
15m........ EU

I had this one going as well. Another flag pattern from MR1 to the Main pivot. Entry and exit as shown.
Attached Image
  • #10,396
  • Jul 23, 2015 2:46am Jul 23, 2015 2:46am
Quoting fxnikolaev
{quote} Nice one Have to check that pair. Is it decent pair ????
Very decent, fxn. Not one of the common ones, but well worth checking out.
  • #10,397
  • Jul 23, 2015 3:09am Jul 23, 2015 3:09am
GBPUSD M15 LONG

Price rises from support area above pivot.
Price stalls at mR1.
mR1 is taken out by next candle forming a bullish engulfing pattern.

Entry: at 1.5638 (as marked)
Exit : 1.5663 near resistance area coming from 17-July.

Attached Image
  • #10,398
  • Jul 23, 2015 3:21am Jul 23, 2015 3:21am
great plundering guys!

lot of stuff has swung north.
did anyone get the EJ long?
  • #10,399
  • Jul 23, 2015 3:24am Jul 23, 2015 3:24am
ev,

i notice you've switched over to the lazier sma50 and are giving rest to your old friends ema's 13, 34.
how come?
  • #10,400
  • Jul 23, 2015 3:39am Jul 23, 2015 3:39am
Double top with divergence, news spread killed my trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 59 KB
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