Psych Levels, Pivots, and Trendlines - Resurrected | Page 537 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #10,721
  • Sep 10, 2015 9:33am Sep 10, 2015 9:33am
Nice to see thread is getting some crowd

My trade from today. Working on my MM, so get 7% from this trade
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  • #10,722
  • Sep 10, 2015 9:35am Sep 10, 2015 9:35am
Quoting fxnikolaev
Nice to see thread is getting some crowd My trade from today. Working on my MM, so get 7% from this trade {image}
A good one. Did not enter as was already full... MAX 2 open position at a time.
  • #10,723
  • Sep 10, 2015 9:37am Sep 10, 2015 9:37am
EU 5 m quickie....


Bump off DO line ( entry too early) exit at one of SD levels. Possible development as marked....

Good night !
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  • #10,724
  • Sep 10, 2015 9:42am Sep 10, 2015 9:42am
15m..... GU

A nice "determined" move up from the Trendline, but now seems uncertain just before the 1.5450 mark. Entry and exit as shown.
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  • #10,725
  • Edited 11:25am Sep 10, 2015 10:53am | Edited 11:25am
Done for today.

EURJPY (M15) to TP +26.5pips ( total 36.4pips for today).

Trade Ideas:

All the chop-chop at the soft spot: break of 0.0% ( uptrend) Fibos.


Cheers,
Yomi.
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Time always comes before price
  • #10,726
  • Sep 10, 2015 4:14pm Sep 10, 2015 4:14pm
Quoting eyevoltage
Morning, folks. Not been on for a while, but I'm happy to see that there's been plenty of activity on here!! I'm leaving Pivots alone from now on. Seeing as the thread title includes Psych-lines, that's what I'm concentrating on from now on, and I'm finding that it's yielding some very good trades. I'm only using 00 and 50 psychs. As you can see on this example, there was consolidation on 185.50 ahead of a drop ending with a spinning top. Price then moved upwards and crossed 185.50. My entry is shown, but I think I was a little early,...
But that moving averagae line is still critical to your decision making EV ?
every Saint has a past. Every Sinner has a Future
  • #10,727
  • Sep 11, 2015 1:08am Sep 11, 2015 1:08am
Quoting eyevoltage
Morning, folks. Not been on for a while, but I'm happy to see that there's been plenty of activity on here!! I'm leaving Pivots alone from now on. Seeing as the thread title includes Psych-lines, that's what I'm concentrating on from now on, and I'm finding that it's yielding some very good trades. I'm only using 00 and 50 psychs. As you can see on this example, there was consolidation on 185.50 ahead of a drop ending with a spinning top. Price then moved upwards and crossed 185.50. My entry is shown, but I think I was a little early,...
Whyyyy ???? You were so good with PP
  • #10,728
  • Sep 11, 2015 1:47am Sep 11, 2015 1:47am
Quoting turnip15
{quote} But that moving averagae line is still critical to your decision making EV ?
Yes. Wouldn't be without it.
  • #10,729
  • Sep 11, 2015 2:05am Sep 11, 2015 2:05am
Quoting fxnikolaev
{quote} Whyyyy ???? You were so good with PP
Like I said, fxn, the thread title is "Psych Levels, Pivots and Trendlines". I guess I needed to try something a bit different. Pivots are unpredictable.....one never knows what the morning will bring. Sometimes, there's lots of space to work with, and sometimes there isn't, which is very frustrating. Psychs, on the other hand, are constant, and as I said yesterday, price does react to those levels and brings some very good trades. I will keep an eye on the pivots though, because, as I said, sometimes there's plenty of space between the lines to enable some nice trades.
  • #10,730
  • Sep 11, 2015 2:37am Sep 11, 2015 2:37am
Good day to all.

AU 5m

Break of support, entry, pullback to previous support , entry, exit according to situation on left; as usual. :nerd:
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  • #10,731
  • Sep 11, 2015 2:44am Sep 11, 2015 2:44am
Quoting eyevoltage
{quote} Like I said, fxn, the thread title is "Psych Levels, Pivots and Trendlines". I guess I needed to try something a bit different. Pivots are unpredictable.....one never knows what the morning will bring. Sometimes, there's lots of space to work with, and sometimes there isn't, which is very frustrating. Psychs, on the other hand, are constant, and as I said yesterday, price does react to those levels and brings some very good trades. I will keep an eye on the pivots though, because, as I said, sometimes there's plenty of space between the...
Yes, you are very correct with the space stuff of a thing, but that should not make us overlook the importance of PP, becusae its univesal observe worldwide by traders, its benefits includes:

1. shows us the trend direction for the day.
2. Its guide us on the timing of our entry and exit of our trades.
3. Most importantly I don't joke with the R1& S1 because price react mostly at that levels.
4. etc etc...


Happy trading,
Yomi.
Time always comes before price
  • #10,732
  • Sep 11, 2015 2:51am Sep 11, 2015 2:51am
Quoting fxrabbi
{quote} Yes, you are very correct with the space stuff of a thing, but that should not make us overlook the importance of PP, becusae its univesal observe worldwide by traders, its benefits includes: 1. shows us the trend direction for the day. 2. Its guide us on the timing of our entry and exit of our trades. 3. Most importantly I don't joke with the R1& S1 because price react mostly at that levels. 4. etc etc... Happy trading, Yomi.
Thank you for your comments, fxrabbi. However, as I said, I WILL be keeping an eye on the pivots as well, so I'm not deserting them completely!
  • #10,733
  • Sep 11, 2015 2:59am Sep 11, 2015 2:59am
Quoting eyevoltage
{quote} Thank you for your comments, fxrabbi. However, as I said, I WILL be keeping an eye on the pivots as well, so I'm not deserting them completely!


Time always comes before price
  • #10,734
  • Sep 11, 2015 4:58am Sep 11, 2015 4:58am
UC, rejection of MP, triangle break out, exit as it couldn't break PP from second attempt
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  • #10,735
  • Sep 11, 2015 5:01am Sep 11, 2015 5:01am
AU 2B, AJ triangle
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  • #10,736
  • Sep 11, 2015 5:01am Sep 11, 2015 5:01am
This one failed, It was choppy at the beginning, but had to try
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  • #10,737
  • Sep 11, 2015 5:22am Sep 11, 2015 5:22am
Quoting fxnikolaev
This one failed, It was choppy at the beginning, but had to try {image}
This is part of the game. Happened to me today several times. Most important is to be ahead... Keep fishing....:nerd: You are doing great anyhow.
  • #10,738
  • Sep 11, 2015 5:30am Sep 11, 2015 5:30am
Quoting snail69
{quote} This is part of the game. Happened to me today several times. Most important is to be ahead... Keep fishing....:nerd: You are doing great anyhow.
Thats true
  • #10,739
  • Sep 11, 2015 5:31am Sep 11, 2015 5:31am
Couple more months of trading and I will get this baby
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  • #10,740
  • Sep 11, 2015 5:36am Sep 11, 2015 5:36am
Quoting snail69
{quote} This is part of the game. Happened to me today several times. Most important is to be ahead... Keep fishing....:nerd: You are doing great anyhow.



Expecially when you have a faviourable money management in place: thinking in probabilities.

Happy trading.

Yomi.
Time always comes before price
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