There was one more, the same story
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Psych Levels, Pivots, and Trendlines - Resurrected
- #10,544
- Edited 2:13am Aug 12, 2015 1:47am | Edited 2:13am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Morning, folks.
15m..... EJ
Not sure if this pattern is kosher. Price dropped to RS1, forming a confluence of price/RS1/50sma, with lots of long-legged dojis indicating indecision. The pattern provided the entry.
15m..... EJ
Not sure if this pattern is kosher. Price dropped to RS1, forming a confluence of price/RS1/50sma, with lots of long-legged dojis indicating indecision. The pattern provided the entry.
Morning, folks. 15m..... EJ Not sure if this pattern is kosher. Price dropped to RS1, forming a confluence of price/RS1/50sma, with lots of long-legged dojis indicating indecision. The pattern provided the entry.
Can u reload chart plz, can't open itI had the same, BUT i got my SL hit, and that dam spike was only with my broker
- #10,546
- Aug 12, 2015 2:47am Aug 12, 2015 2:47am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
{quote} Nice one
- #10,547
- Aug 12, 2015 7:05am Aug 12, 2015 7:05am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
15m...... GBP/CHF
A bearish flag taking in both M2 and MS2. Fairly routine entry and exit.
A bearish flag taking in both M2 and MS2. Fairly routine entry and exit.
- #10,550
- Aug 12, 2015 9:19am Aug 12, 2015 9:19am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
EV, can u help me out. How do you determine that distance between PP is good enough, is it has to be like R:R 1:1 ??? Thx in advance ))))) Best regard FXniko
Fxn, we have a saying over here in Merry England. "How long is a piece of string?" In other words, something you can't give a straight answer to. Quite simply, every day I look at the pivots and see how far they are from each other. If things are pretty cramped.....say, 10 to 12 or so pips between each PP.....I'm not enthusiastic at all about looking for patterns etc. IMHO, us Pivot Point traders need S P A C E to work in!! In GU yesterday, there was loads of room to work in, and that's what I like!!
Just my take on things, brother. Other traders will no doubt have a different view on this subject. I hope this helps.
{quote} Fxn, we have a saying over here in Merry England. "How long is a piece of string?" In other words, something you can't give a straight answer to. Quite simply, every day I look at the pivots and see how far they are from each other. If things are pretty cramped.....say, 10 to 12 or so pips between each PP.....I'm not enthusiastic at all about looking for patterns etc. IMHO, us Pivot Point traders need S P A C E to work in!! In GU yesterday, there was loads of room to work in, and that's what I like!! Just my take on things, brother. Other...
Inserted Video
- #10,554
- Aug 13, 2015 6:23am Aug 13, 2015 6:23am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
15m..... GJ
Descending triangle moving along MR1. Breakout across the lower TL/50sma confluence. Entry and exit as shown.
Descending triangle moving along MR1. Breakout across the lower TL/50sma confluence. Entry and exit as shown.
- #10,555
- Aug 13, 2015 7:46am Aug 13, 2015 7:46am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
15m..... GJ Descending triangle moving along MR1. Breakout across the lower TL/50sma confluence. Entry and exit as shown.
("Whippy" UK term for being all over the place -less predictable -non pattern friendly)
every Saint has a past. Every Sinner has a Future
