Psych Levels, Pivots, and Trendlines - Resurrected | Page 554 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #11,061
  • Dec 17, 2015 4:10pm Dec 17, 2015 4:10pm
Quoting eyevoltage
15m..... AJ Price rejected the confluence of the 50sma and the 88.00 psych-line and pushed down through the TL that started last night. Price then pushed down further through the 87.50 psych-line and then tested it for resistance with one long-legged doji. After that, it continued downwards until price seemed undecided for around an hour or so. Lost interest eventually, so I closed as indicated. {image}
Picture perfect trade EV.
You have the golden touch my friend.
Cheers
  • #11,062
  • Dec 18, 2015 2:26am Dec 18, 2015 2:26am
Quoting coastie
Roose, I hope you got in that move. I will post a chart when I get home. Cheers
Sorry it took so long, I have been very busy with work and family etc.
Here is the chart that I promised.
As you can see price settle down after the red news, then during early Asian it continued down.
18pip Stop and 46pip Target.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 17.12.2015.png Size: 28 KB

Cheers
  • #11,063
  • Dec 18, 2015 2:33am Dec 18, 2015 2:33am
Their she blows captain!!!!!
Break of trend line at the beginning of London.
My favourite pair, my favourite entry (trend line break), my favourite time to trade and my favourite outcome (quick and painless profitable trade).
SL 15 pips TP 30 pips.
Entry and Exit shown on chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 18.12.2015.png Size: 23 KB

Happy trading folks, may the pips be with you!
Cheers
  • #11,064
  • Dec 18, 2015 3:06am Dec 18, 2015 3:06am
Quoting coastie
Their she blows captain!!!!! Break of trend line at the beginning of London. My favourite pair, my favourite entry (trend line break), my favourite time to trade and my favourite outcome (quick and painless profitable trade). SL 15 pips TP 30 pips. Entry and Exit shown on chart. {image} Happy trading folks, may the pips be with you! Cheers

Nice one, coastie. Personally, I would have waited for the break of the .50 psych-line also, but each to their own.
  • #11,065
  • Dec 18, 2015 3:17am Dec 18, 2015 3:17am
15m..... AJ

I didn't take this one due to other duties, but it's an interesting one. Price meandered along the 87.00 psych-line....lots of indecision......before finally dropping to the 86.50 Psych-line. Would have yielded around 36 pips or so.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy 040.png Size: 53 KB
  • #11,066
  • Dec 18, 2015 7:00pm Dec 18, 2015 7:00pm
Quoting coastie
{quote} Sorry it took so long, I have been very busy with work and family etc. Here is the chart that I promised. As you can see price settle down after the red news, then during early Asian it continued down. 18pip Stop and 46pip Target. {image} Cheers
I'm afraid I missed that one 😭😭
  • #11,067
  • Dec 24, 2015 4:37am Dec 24, 2015 4:37am
The last hoorah for the year!!!
Trend lline break
SL10 TP 20 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 24.12.2015.png Size: 27 KB

Merry Xmas all
Cheers
  • #11,068
  • Jan 1, 2016 4:49am Jan 1, 2016 4:49am
Just dropped by to wish you guys a happy and prosperous New Year and to say thank you to EV and all contributors for their selfless contributions.
every Saint has a past. Every Sinner has a Future
  • #11,069
  • Jan 3, 2016 6:21pm Jan 3, 2016 6:21pm
Quoting turnip15
Just dropped by to wish you guys a happy and prosperous New Year and to say thank you to EV and all contributors for their selfless contributions.
Many thanks, turnip, and I wish the same for you too, as well as everybody else on this thread. I hope the new year brings us all lots of great trades!!
  • #11,070
  • Jan 4, 2016 2:29am Jan 4, 2016 2:29am
First one of the year! 15m...... EU

Price pushed up to the 0900 psych-line and then pulled back quite a way before attempting another assault, and this time it pushed through with very little resistance. Entry as indicated, and I decided to get out when price reached the high of 31/12/15. The first of many, I hope!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1252.png Size: 53 KB
  • #11,071
  • Jan 4, 2016 5:08am Jan 4, 2016 5:08am
Quoting eyevoltage
First one of the year! 15m...... EU Price pushed up to the 0900 psych-line and then pulled back quite a way before attempting another assault, and this time it pushed through with very little resistance. Entry as indicated, and I decided to get out when price reached the high of 31/12/15. The first of many, I hope!! {image}
Very nice one EV. I got into it as well and got out at 00 level, as needed to go out, for around +10. Glad that you rode it up there.
  • #11,072
  • Jan 4, 2016 5:49am Jan 4, 2016 5:49am
Quoting snail69
{quote} Very nice one EV. I got into it as well and got out at 00 level, as needed to go out, for around +10. Glad that you rode it up there.
Hello, snail, and good to see you again. Pity you had to go out, mate, but 10 pips is better than nothing!
  • #11,073
  • Jan 4, 2016 10:07am Jan 4, 2016 10:07am
15m...... EU

After an hour or so of consolidation along the .0850 psych-line, price then dropped down, pulled back, and then dropped to the .0800 psych-line. Entry and exit as shown. Not a bad start to the year!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1255.png Size: 53 KB
  • #11,074
  • Jan 4, 2016 1:35pm Jan 4, 2016 1:35pm
GBP/JPY I missed this one today. Hopefully someone got in on the break of the trendline near the 175.500 level. The stoploss would've been on the previous Hi. On the plus side during the break i've decided to measure my SL and TP by using the previous Hi or Lo's and aiming to gain more pips than that.
Attached Image (click to enlarge)
Click to Enlarge Name: #13.PNG Size: 51 KB
  • #11,075
  • Jan 7, 2016 6:12am Jan 7, 2016 6:12am
I haven't been in for a while, glad to see EV still at it... making a mint mate?

FXNik still about?
  • #11,076
  • Jan 7, 2016 9:16am Jan 7, 2016 9:16am
So this one was a bust.... only from my own mistakes though. EUR/USD i got in after support was broken near the 1.08500 level and sat through a small pullback. I should've gotten out at the magenta line because price had stopped there previously and news was right around the corner. Learn something new with every trade. I find myself getting better at sitting through small pullbacks.
Attached Image (click to enlarge)
Click to Enlarge Name: #14.PNG Size: 50 KB
  • #11,077
  • Jan 8, 2016 2:13am Jan 8, 2016 2:13am
Quoting PixeLM
I haven't been in for a while, glad to see EV still at it... making a mint mate? FXNik still about?
Hey PixeLM, good to see you.
EV making a mint.... he owns the mint!!!lol
FXNik drops in now and then, everyone been quiet cause of xmas.
How's your trading? hope all is good.
Cheers
  • #11,078
  • Jan 8, 2016 2:15am Jan 8, 2016 2:15am
15m..... AJ

Price broke through the .50 psych-line and then through the TL. Pretty straightforward. Entry and exit as shown.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy 041.png Size: 61 KB
  • #11,079
  • Jan 8, 2016 2:26am Jan 8, 2016 2:26am
Quoting coastie
{quote} EV making a mint.... he owns the mint!!.
Hi, coastie. The only mint I own is the one in my mouth right now, matey!! Regarding the trades.......my advice is to keep the charts simple and not cluttered up. That way, it's easier to spot potential trades. Less is more, as they say, but each to their own.
  • #11,080
  • Jan 8, 2016 2:56am Jan 8, 2016 2:56am
Quoting coastie
{quote} Hey PixeLM, good to see you. EV making a mint.... he owns the mint!!!lol FXNik drops in now and then, everyone been quiet cause of xmas. How's your trading? hope all is good. Cheers
Hey my friend, I had a long break from FX to recharge the batteries and now I'm back

I will post come charts soon, good luck tonight, fortune favors the brave as they say.
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