Morning, coastie. Nice to see somebody else posting charts! And keeping them as simple as possible!! Well done, mate.
Psych Levels, Pivots, and Trendlines - Resurrected
- #11,021
- Dec 4, 2015 3:27am Dec 4, 2015 3:27am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
- #11,022
- Dec 7, 2015 2:57am Dec 7, 2015 2:57am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
15m..... EJ
Price ran up the TL to the 134.00 psych-line, and then turned down through the confluence of the 50sma and the TL. Entry and exit as indicated.
Price ran up the TL to the 134.00 psych-line, and then turned down through the confluence of the 50sma and the TL. Entry and exit as indicated.
- #11,023
- Dec 7, 2015 9:14am Dec 7, 2015 9:14am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
15m..... AJ
Price dipped under the 90.00 psych-line and then pulled back up to test for resistance. As happens so often, after the test, price meandered down to the next psych-line, in this case, 89.50. Entry and exit as indicated.
Price dipped under the 90.00 psych-line and then pulled back up to test for resistance. As happens so often, after the test, price meandered down to the next psych-line, in this case, 89.50. Entry and exit as indicated.
- #11,026
- Dec 7, 2015 5:42pm Dec 7, 2015 5:42pm
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Good to see your charts, Roose. When to get out can be a problem, unless you establish a target. At least then you're in control.
Nice to see coastie nipping in and out now and then!
Nice to see coastie nipping in and out now and then!
- #11,027
- Edited 11:47pm Dec 7, 2015 5:51pm | Edited 11:47pm
Good to see your charts, Roose. When to get out can be a problem, unless you establish a target. At least then you're in control. Nice to see coastie nipping in and out now and then!
I'll post a chart when I get home of a trade I took last night.
good trade and a home run
- #11,029
- Dec 8, 2015 4:39am Dec 8, 2015 4:39am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
The magic of trendlines! 2 trades I took yesterday. {image} Cheers Coastie
Nice trades, mate. - #11,031
- Dec 8, 2015 8:05am Dec 8, 2015 8:05am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
15m.... EU
A rather impressive bullish flag pattern formed, and crossed over the 50sma/1.850 psych-line confluence, before price meandered up towards the 1.0900 psych-line. I didn't wait for it to reach the next psych-line, being satisfied with what I'd got! Entry and exit as shown.
A rather impressive bullish flag pattern formed, and crossed over the 50sma/1.850 psych-line confluence, before price meandered up towards the 1.0900 psych-line. I didn't wait for it to reach the next psych-line, being satisfied with what I'd got! Entry and exit as shown.
- #11,032
- Dec 8, 2015 8:16am Dec 8, 2015 8:16am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
15m..... AJ
I wish I'd taken advantage of this beauty. The first pull-back across 89.00 would have yielded nearly 40 pips or so. The second one would have given me approx 50 pips! Two little TL's and a couple of psych-lines, eh? Amazing what's on offer if one keeps one's eyes open!!
I wish I'd taken advantage of this beauty. The first pull-back across 89.00 would have yielded nearly 40 pips or so. The second one would have given me approx 50 pips! Two little TL's and a couple of psych-lines, eh? Amazing what's on offer if one keeps one's eyes open!!
- #11,033
- Dec 8, 2015 1:07pm Dec 8, 2015 1:07pm
Great trades EV, reading through your posts you seem to have a crystal ball, maybe I could borrow it sometime?
Looking through the charts this stands out to me, I didn't take it as I wasn't around. USDCAD wedge..
I managed to get a 1:1 trade on USDJPY, see below, luckily I got out to the pip before it turned around but I traded the channel breakout..
Really enjoy reading this thread, I love the simple stuff..
Looking through the charts this stands out to me, I didn't take it as I wasn't around. USDCAD wedge..
I managed to get a 1:1 trade on USDJPY, see below, luckily I got out to the pip before it turned around but I traded the channel breakout..
Really enjoy reading this thread, I love the simple stuff..
- #11,034
- Dec 9, 2015 2:15am Dec 9, 2015 2:15am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Great trades EV, reading through your posts you seem to have a crystal ball, maybe I could borrow it sometime?
Looking at your charts, it seems that you're depending solely on chart patterns? They are trend-lines after all, I guess, but I do advise you to get some lines in there, be they pivot lines or psych-lines, or both, depending on your preference. After all, they do form the basis of acumen's method. Also, I've found that a 50sma comes in very handy for trend references.
I hope you stick around, Gareth, and I look forward to seeing your contributions.
- #11,035
- Dec 9, 2015 3:44am Dec 9, 2015 3:44am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
15m..... AJ
Breakout below the triangle pattern/88.50 psych-line. Entry and exit as indicated.
Breakout below the triangle pattern/88.50 psych-line. Entry and exit as indicated.
- #11,036
- Dec 9, 2015 3:50am Dec 9, 2015 3:50am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Hello Gareth, and welcome to the thread. Crystal Ball? I wish!
Second chart 123.100 was broken for a long (against trend) but grabbed a few points. Same pattern saw a possible short (with trend) from 123.000 ?
122.750 sees price action ( including a nice Pin) bouncing ( Long ) off that level ?
122.950 seems to be acting like a pivot ( with flag forming) ?
Am I reading price action almost EV style yet ?
Comments welcome
every Saint has a past. Every Sinner has a Future
- #11,037
- Edited 5:08am Dec 9, 2015 4:41am | Edited 5:08am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
{quote} Forgive me for butting in. I always read EV's posts. Regards Gareth's first trade - seems it broke the psychological line of 1.35500 -price even came back to it? Second chart 123.100 was broken for a long (against trend) but grabbed a few points. Same pattern saw a possible short (with trend) from 123.000 ? 122.750 sees price action ( including a nice Pin) bouncing ( Long ) off that level ? 122.950 seems to be acting like a pivot ( with flag forming) ? Am I reading price action almost EV style yet ? Comments welcome
- #11,038
- Dec 9, 2015 8:00am Dec 9, 2015 8:00am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
15m.... UJ
After price pushed down through 122.50, there was a small pull-back before price resumed its bearish journey. It didn't take long before it hit 122.00 !
Entry and exit as shown.
After price pushed down through 122.50, there was a small pull-back before price resumed its bearish journey. It didn't take long before it hit 122.00 !
Entry and exit as shown.
- #11,040
- Dec 9, 2015 10:18am Dec 9, 2015 10:18am
- Joined Sep 2006 | Status: Son of this Sceptred Isle. | 3,635 Posts
Here is a missed trade on my part i didn't get in due to the size of the pin bar(highlighted area). Does anyone else think this was a viable trade? GBP/JPY {image}
I think it was viable, mate, but I can understand why you hesitated to enter this trade. Lots of candles consolidating can make you sit on your hands whilst you wait for a clear opportunity. The opportunity was there, but that previous consolidation could tend to make you think twice. Forget about it, mate. There's always another opportunity round the corner.