Psych Levels, Pivots, and Trendlines - Resurrected | Page 521 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #10,401
  • Jul 23, 2015 3:41am Jul 23, 2015 3:41am
But another double top did a good job
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 65 KB
  • #10,402
  • Jul 23, 2015 3:45am Jul 23, 2015 3:45am
Quoting pgd
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?
Just kept seeing referrals to the 50sma as being a very good trend indicator. Plus, on investigation, it was uncanny how many times price would come to the 50sma and stop and reverse. The general consensus seems to be that if you have the 50sma on your chart, you'll always be certain of the trend. Apparently, the BIG dealers in this game use the 50sma as a decision maker, so I thought "that's good enough for me", and I've used it ever since. And it hasn't disappointed me.
  • #10,403
  • Jul 23, 2015 3:59am Jul 23, 2015 3:59am
Quoting eyevoltage
{quote} Just kept seeing referrals to the 50sma as being a very good trend indicator. Plus, on investigation, it was uncanny how many times price would come to the 50sma and stop and reverse. The general consensus seems to be that if you have the 50sma on your chart, you'll always be certain of the trend. Apparently, the BIG dealers in this game use the 50sma as a decision maker, so I thought "that's good enough for me", and I've used it ever since. And it hasn't disappointed me.
Big boys watching it
  • #10,404
  • Jul 23, 2015 4:08am Jul 23, 2015 4:08am
Quoting eyevoltage
{quote} Just kept seeing referrals to the 50sma as being a very good trend indicator. Plus, on investigation, it was uncanny how many times price would come to the 50sma and stop and reverse. The general consensus seems to be that if you have the 50sma on your chart, you'll always be certain of the trend. Apparently, the BIG dealers in this game use the 50sma as a decision maker, so I thought "that's good enough for me", and I've used it ever since. And it hasn't disappointed me.
True.
I hear, they also use ema20 and ema/sma200 along with sma50
  • #10,405
  • Jul 23, 2015 4:15am Jul 23, 2015 4:15am
Quoting pgd
{quote} True. I hear, they also use ema20 and ema/sma200 along with sma50
Dont want to be rude, but no EMA was used by fund managers, as far as I know. It is SMA, but numbers is right
  • #10,406
  • Jul 23, 2015 4:19am Jul 23, 2015 4:19am
Quoting pgd
{quote} True. I hear, they also use ema20 and ema/sma200 along with sma50
Have a look at some of Mr. Bigalow's videos, pqd. Especially this one:
Inserted Video

He confirms what you just mentioned.
  • #10,407
  • Jul 23, 2015 4:20am Jul 23, 2015 4:20am
Quoting eyevoltage
{quote} Have a look at some of Mr. Bigalow's videos, pqd. Especially this one: https://www.youtube.com/watch?v=DAv4...tXMj-_LsH309yg He confirms what you just mentioned.
Good one !!! Stephen is a good teacher )))) He is my friend on facebook ))))
  • #10,408
  • Jul 23, 2015 4:21am Jul 23, 2015 4:21am
Quoting fxnikolaev
{quote} Dont want to be rude, but no EMA was used by fund managers, as far as I know. It is SMA, but numbers is right

Mr. Bigalow uses the 8ema, and calls it the T-Line or Trigger Line.
  • #10,409
  • Jul 23, 2015 4:23am Jul 23, 2015 4:23am
Quoting eyevoltage
{quote} Mr. Bigalow uses the 8ema, and calls it the T-Line or Trigger Line.
He is, but not the big boys. The t line it is Stephens
  • #10,410
  • Jul 23, 2015 4:27am Jul 23, 2015 4:27am
Quoting fxnikolaev
{quote} He is, but not the big boys. The t line it is Stephens
Quite right, fxn. His T-Line method is fun to use and can be very profitable!!
  • #10,411
  • Jul 23, 2015 4:58am Jul 23, 2015 4:58am
G'day guys!!!
Nice trading and very nice entry's
Looks like everyone jumped on the EUR/USD.
Good stuff.
I got my 20 pips and I'm done for the night.
Happy pippin.
cheers
Coastie
  • #10,412
  • Jul 23, 2015 5:05am Jul 23, 2015 5:05am
Quoting coastie
G'day guys!!! Nice trading and very nice entry's Looks like everyone jumped on the EUR/USD. Good stuff. I got my 20 pips and I'm done for the night. Happy pippin. cheers Coastie
20 pips as usual )))))

Take care mate !!!
  • #10,413
  • Jul 23, 2015 6:24am Jul 23, 2015 6:24am
Damn, seem like I've missed plenty of action already
  • #10,414
  • Jul 23, 2015 7:55am Jul 23, 2015 7:55am
15m..... GU

A bearish flag pattern across the Main Pivot line, followed by a substantial drop. Entry and exit as shown.
Attached Image
  • #10,415
  • Jul 23, 2015 10:46am Jul 23, 2015 10:46am
Quoting eyevoltage
{quote} Have a look at some of Mr. Bigalow's videos, pqd. Especially this one: https://www.youtube.com/watch?v=DAv4...tXMj-_LsH309yg He confirms what you just mentioned.
Yes-an interesting video.
every Saint has a past. Every Sinner has a Future
  • #10,416
  • Jul 23, 2015 8:43pm Jul 23, 2015 8:43pm
Quoting eyevoltage
{quote} Mr. Bigalow uses the 8ema, and calls it the T-Line or Trigger Line.
ev,

I often use the same approach but with lwma8.
the d1 context i refer to, at times, comes from there.
the potential touch point of price to lwma8 on d1 is marked as a horizontal line on lower tf's.
then, on m5 or m15, look for entries in the direction of the lwma8 slope on d1 when price gets near that horizontal line.
  • #10,417
  • Jul 24, 2015 2:12am Jul 24, 2015 2:12am
Quoting eyevoltage
15m..... GU A bearish flag pattern across the Main Pivot line, followed by a substantial drop. Entry and exit as shown. {image}
nice one
  • #10,418
  • Edited 2:33am Jul 24, 2015 2:18am | Edited 2:33am
Quoting pgd
{quote} ev, I often use the same approach but with lwma8. the d1 context i refer to, at times, comes from there. the potential touch point of price to lwma8 on d1 is marked as a horizontal line on lower tf's. then, on m5 or m15, look for entries in the direction of the lwma8 slope on d1 when price gets near that horizontal line.
Hmm, not really what is Bigalow doing. He is using Tline as confirmation for reversal. U have reversal candle u wait for close above tline on daily TF, and after u move to M15 and search for entry. It can be used as Trailing stop.

What are u referring is Jhook. It is kind of like fry pan, but price is supported by 8MA.

The main idea is to trail with 8MA
  • #10,419
  • Jul 24, 2015 3:12am Jul 24, 2015 3:12am
Quoting fxnikolaev
{quote} 20 pips as usual ))))) Take care mate !!!
Yes.. my precious 20!.
Unfortunately I missed my entry tonight at the close of the London open candle. it would have been a nice quick trade.
Happy trading all

Cheers
Coastie
  • #10,420
  • Jul 24, 2015 4:04am Jul 24, 2015 4:04am
EURAUD - M15

LONG

Bullish engulfing followed by piercing line right across mR1.
Entry as shown.
Exit 1 at RN __25 near mR2
Exit 2 would have been at R2 but good momentum took it beyond for some extra pips.
_____________

SHORT

DCC between R2 and mR2.
Entry below mR2.
Position open...

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_M15_20150724.png Size: 24 KB
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