Psych Levels, Pivots, and Trendlines - Resurrected | Page 543 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #10,841
  • Sep 23, 2015 7:33am Sep 23, 2015 7:33am
15m..... GJ

A bearish harami formed across the confluence of the 50sma/00 psych-line before price dropped away. Entry and exit as shown. Nice and simple.
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  • #10,842
  • Sep 23, 2015 8:07am Sep 23, 2015 8:07am
GU: Triangle on Psych 1.5300, entry and exit marked ​
Attached Image (click to enlarge)
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  • #10,843
  • Sep 23, 2015 8:42am Sep 23, 2015 8:42am
Quoting fuzz
GU: Triangle on Psych 1.5300, entry and exit marked ​ {image}
Nice and neat psych-line trade, my friend.
  • #10,844
  • Sep 23, 2015 9:11am Sep 23, 2015 9:11am
Quoting eyevoltage
{quote} Nice and neat psych-line trade, my friend.
​
Yes mate, I've discovered the power of Psych lines
  • #10,845
  • Sep 23, 2015 9:19am Sep 23, 2015 9:19am
UJ 5m

Bump off FPV, entry above level, exit not exact - a bit early, end of ABCD and at R1 would be ideal .
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  • #10,846
  • Sep 23, 2015 10:11am Sep 23, 2015 10:11am
AU 5m

Au part 3: S1 rejection, close below MS2, exit after exhaustion bearish candle around MS3.

Good night and green pips to those still trading.
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  • #10,847
  • Sep 23, 2015 10:49am Sep 23, 2015 10:49am
Ok s i'm new to this forum and have been cruising around the pages. This thread seems to focus on Price action (chart patters, individual candlestick patters, etc) with confirmation/ confluence of the Psych levels, Pivots, Trendlines etc. Correct me if i am wrong
  • #10,848
  • Sep 23, 2015 11:22am Sep 23, 2015 11:22am
Quoting Roose
Ok s i'm new to this forum and have been cruising around the pages. This thread seems to focus on Price action (chart patters, individual candlestick patters, etc) with confirmation/ confluence of the Psych levels, Pivots, Trendlines etc. Correct me if i am wrong
​
Yes Sr, you're correct. But imho Psych levels and Pivots come first them Chart patterns and Candlestick Triggers
  • #10,849
  • Sep 23, 2015 11:35am Sep 23, 2015 11:35am
Quoting fuzz
{quote} ​ Yes Sr, you're correct. But imho Psych levels and Pivots come first them Chart patterns and Candlestick Triggers
Thanks for responding, im just confused on how Psych levels and Pivots would come first.
  • #10,850
  • Sep 23, 2015 11:37am Sep 23, 2015 11:37am
Quoting snail69
UJ 5m Bump off FPV, entry above level, exit not exact - a bit early, end of ABCD and at R1 would be ideal . {image}
Nice trade, snail. At the top of your A-B line, you could have drawn a nice sloping TL down to the area where you eventually entered your trade, giving you more or less your entry point. No criticism, mate. We all have our own ways!
  • #10,851
  • Sep 23, 2015 11:49am Sep 23, 2015 11:49am
Quoting Roose
Ok s i'm new to this forum and have been cruising around the pages. This thread seems to focus on Price action (chart patters, individual candlestick patters, etc) with confirmation/ confluence of the Psych levels, Pivots, Trendlines etc. Correct me if i am wrong
Hello, Roose, and nice to meet you. It seems like you've got things the wrong way round, my friend. The thread focuses on Pivots, Psych-Lines and Trendlines, as the thread title says. However, candlestick patterns are also very important, and I would advise anyone to study them, and get some idea of how they're used, either in bullish or bearish moves. As you've been "cruising" around the pages, you'll no doubt have noticed how all the traders on here have had their own way of doing things, but still keeping to the Thread Title as the basis of their trades.
I hope you stick around, Roose. Any questions, just fire away!
  • #10,852
  • Sep 23, 2015 12:16pm Sep 23, 2015 12:16pm
Quoting eyevoltage
{quote} Hello, Roose, and nice to meet you. It seems like you've got things the wrong way round, my friend. The thread focuses on Pivots, Psych-Lines and Trendlines, as the thread title says. However, candlestick patterns are also very important, and I would advise anyone to study them, and get some idea of how they're used, either in bullish or bearish moves. As you've been "cruising" around the pages, you'll no doubt have noticed how all the traders on here have had their own way of doing things, but still keeping to the Thread Title as the basis...
Will do and thanks for the welcome
  • #10,853
  • Sep 23, 2015 12:43pm Sep 23, 2015 12:43pm
Quoting eyevoltage
{quote} Just above the last candle that straddled the confluence of the 50sma/300 line.
Hey EV,

Thanks a lot for your reply.

All the best..
  • #10,854
  • Sep 23, 2015 12:47pm Sep 23, 2015 12:47pm
15m..... EJ

A small hammer candle formed at the bottom of the move on the 00 psych-line. Once price started to push up, I entered just above the top of the hammer. Exit was nearly 2 hours later with a nice lift.
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  • #10,855
  • Sep 23, 2015 8:08pm Sep 23, 2015 8:08pm
Quoting Roose
{quote} Thanks for responding, im just confused on how Psych levels and Pivots would come first.
Welcome Roose.
In my opinion there is no point trading candlesticks blindly.
Engulfing patterns and dojis etc work a lot better when they form near/on or around these levels.
So look for Price to be at or near these levels first and then confirm your decision with a nice candlestick formation.
I know there is a lot of pages in this thread but go back to the beginning and read through it, when I did it, I mainly focused on the charts that where posted and then you will see the power of these levels.
There are some good traders on this thread and you will learn a lot if you stick around.
Cheers
All the best!
Coastie
  • #10,856
  • Sep 23, 2015 8:13pm Sep 23, 2015 8:13pm
Hey guy.
If you want some good levels to add to your EUR/USD chart, then check out this thread.
I use them as Confluence, Support and Resistance, pure magic.


http://www.forexfactory.com/showthre...545132&page=31

Cheers
  • #10,857
  • Sep 24, 2015 12:07am Sep 24, 2015 12:07am
Quoting coastie
{quote} Welcome Roose. In my opinion there is no point trading candlesticks blindly. Engulfing patterns and dojis etc work a lot better when they form near/on or around these levels. So look for Price to be at or near these levels first and then confirm your decision with a nice candlestick formation. I know there is a lot of pages in this thread but go back to the beginning and read through it, when I did it, I mainly focused on the charts that where posted and then you will see the power of these levels. There are some good traders on this thread...
Thanks for the advice Coastie, just one more inquiry is there a zip or posting of the pivots indy on you guys charts. I have a whole number levels one already.
  • #10,858
  • Sep 24, 2015 2:12am Sep 24, 2015 2:12am
Quoting Roose
{quote} Thanks for the advice Coastie, just one more inquiry is there a zip or posting of the pivots indy on you guys charts. I have a whole number levels one already.
Scroll up to the top of the page their is a picture of a paper clip. click on it and it will give you all the attachments from this thread, which includes indys etc.
Cheers
  • #10,859
  • Sep 24, 2015 2:22am Sep 24, 2015 2:22am
Morning, somehow missed this opportunity on AU...
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  • #10,860
  • Sep 24, 2015 2:53am Sep 24, 2015 2:53am
Quoting Roose
{quote} Thanks for the advice Coastie, just one more inquiry is there a zip or posting of the pivots indy on you guys charts. I have a whole number levels one already.
Hello mate !!! It is not about which kind of lvls u will use. It is about how you will use. All our trades is not random.

Take a look at this one, MS was holding the price, and we had LHs and eventually we got a triangle

If you will have a quick look at M15, price was testing lows before moving in the direction of the trend
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