Psych Levels, Pivots, and Trendlines - Resurrected | Page 556 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #11,101
  • Jan 14, 2016 11:23am Jan 14, 2016 11:23am
Quoting Cold_W
Nice to see some good trades here. Here is a perfect flag pattern I traded today {image}
Hey Cold_W,
It has been a while,
That's a nice trade and a nice chart.
I think it has everything.
Flag pattern
bearish engulfing
trend line break
rejection from moving average
break of pivot
Very nice
  • #11,102
  • Jan 15, 2016 2:32am Jan 15, 2016 2:32am
Good to see Cold_W back again. Hope all is well with you.
  • #11,103
  • Jan 16, 2016 6:33pm Jan 16, 2016 6:33pm
A simple 5 minute chart Trend line break @ the London open
10pip SL
20pip TP
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 15.01.2016.png Size: 23 KB

Happy weekend all!!
Cheers
  • #11,104
  • Jan 19, 2016 2:43am Jan 19, 2016 2:43am
15m..... AJ

After price consolidated along 81.50, it then dropped to around 81.25 before making a strong effort to reach the previous 81.50, which it did. After a slight hesitation, it then pushed up over the psych-line and headed northwards. Entry and exit as shown.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy 043.png Size: 48 KB
  • #11,105
  • Jan 19, 2016 2:45am Jan 19, 2016 2:45am
Quoting coastie
A simple 5 minute chart Trend line break @ the London open 10pip SL 20pip TP {image} Happy weekend all!! Cheers
Nice trade, coastie. Nice and simple!!
  • #11,106
  • Jan 19, 2016 6:14am Jan 19, 2016 6:14am
15m.... AJ

After price reached 82.00, a bearish engulfing pattern formed. Took a couple of hours to get down to 81.50, but it was worth the wait!!
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy 044.png Size: 48 KB
  • #11,107
  • Jan 19, 2016 6:53am Jan 19, 2016 6:53am
15m...... AU

I started this one at the same time as the AJ trade above. Price reached .6950 and then a nice good sized Harami candle formed. Worth a punt, as they say! This one took a bit more time than the AJ, and instead of waiting for price to get to the .6900, I decided to quit when price reached the 50sma.

Straightforward charts and a simple way of trading. What more could one want?
Attached Image (click to enlarge)
Click to Enlarge Name: aususd0069.png Size: 49 KB
  • #11,108
  • Jan 22, 2016 1:47am Jan 22, 2016 1:47am
Hey guys.
After a 10 pip loss last night. I got back in tonight with a 20 pip winner!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 22.01.2016.png Size: 30 KB

Cheers
  • #11,109
  • Jan 22, 2016 1:04pm Jan 22, 2016 1:04pm
I missed this trade, twice!!
I had the trend line drawn and stepped away from the computer for 10 minutes and missed it.
I came back to see price had already went down. I waited for the retrace, but stepped away again briefly and missed it again.
I guess that's trading!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 22.01.2016 2.png Size: 30 KB

Happy weekend all
  • #11,110
  • Jan 23, 2016 5:33am Jan 23, 2016 5:33am
Quoting coastie
I missed this trade, twice!! I had the trend line drawn and stepped away from the computer for 10 minutes and missed it. I came back to see price had already went down. I waited for the retrace, but stepped away again briefly and missed it again. I guess that's trading! {image} Happy weekend all
Stay away from the alcohol and your need to pop out to the loo will diminish
Have a good weekend -great thread by the way.
every Saint has a past. Every Sinner has a Future
  • #11,111
  • Jan 23, 2016 2:13pm Jan 23, 2016 2:13pm
Quoting turnip15
{quote} Stay away from the alcohol and your need to pop out to the loo will diminish Have a good weekend -great thread by the way.
you caught me!!
  • #11,112
  • Jan 25, 2016 4:57am Jan 25, 2016 4:57am
15m..... GJ

A bullish piercing pattern formed across 168.50. Entry and exit as indicated.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy0058.png Size: 56 KB
  • #11,113
  • Jan 26, 2016 1:44am Jan 26, 2016 1:44am
Thanks for your contribution EV, always love seeing your analysis of the markets.
  • #11,114
  • Jan 26, 2016 2:56am Jan 26, 2016 2:56am
Happy Australia Day everyone!!!!

Nice trade EV!

EU 5 minute trend line break.
SL 10
TP 20
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 26.01.16.png Size: 30 KB

Happy trading
  • #11,115
  • Jan 26, 2016 4:30am Jan 26, 2016 4:30am
Quoting PixeLM
Thanks for your contribution EV, always love seeing your analysis of the markets.
You're very welcome, PixeLM.
  • #11,116
  • Jan 26, 2016 4:36am Jan 26, 2016 4:36am
Quoting coastie
Happy Australia Day everyone!!!! Nice trade EV! EU 5 minute trend line break. SL 10 TP 20 {image} Happy trading
Another TL trade, mate. You seem to be doing very well with them, but if it was me, I'd be using candlesticks. However, each to their own. Keep on keeping on, matey.
  • #11,117
  • Jan 26, 2016 5:04am Jan 26, 2016 5:04am
Quoting eyevoltage
15m..... GJ A bullish piercing pattern formed across 168.50. Entry and exit as indicated. {image}
"Bullish piercing"- I still find them difficult to spot due, no doubt, that I am fixated on engulfing candles, pins, double bottoms etc, but for some reason I miss those "piercing" patterns that seem to pop up regularly on charts here

Not to worry - press on Turnip
every Saint has a past. Every Sinner has a Future
  • #11,118
  • Jan 26, 2016 6:08am Jan 26, 2016 6:08am
Quoting turnip15
{quote} "Bullish piercing"- I still find them difficult to spot due, no doubt, that I am fixated on engulfing candles, pins, double bottoms etc, but for some reason I miss those "piercing" patterns that seem to pop up regularly on charts here Not to worry - press on Turnip
Yes, press on, my friend. A Bullish piercing pattern and its opposite, Dark Cloud Cover, can be easily missed, so you're not alone.
  • #11,119
  • Jan 26, 2016 11:23am Jan 26, 2016 11:23am
Quoting eyevoltage
{quote} Another TL trade, mate. You seem to be doing very well with them, but if it was me, I'd be using candlesticks. However, each to their own. Keep on keeping on, matey.
I changed to posting bar charts for something different!
I look at both. Both 5 min charts
I agree that you get a better picture from candlesticks. Especially trades like that.
Below you can see a candlestick chart of that trade.
Price actually had a slight rejection off the trend line just before the powerful bearish engulfing candle that I entered on.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 26.01.16.png Size: 29 KB

Cheers
  • #11,120
  • Jan 26, 2016 1:14pm Jan 26, 2016 1:14pm
Quoting coastie
{quote} I changed to posting bar charts for something different! I look at both. Both 5 min charts I agree that you get a better picture from candlesticks. Especially trades like that. Below you can see a candlestick chart of that trade. Price actually had a slight rejection off the trend line just before the powerful bearish engulfing candle that I entered on. {image} Cheers
Thanks for that, coastie. We all have our own different approaches to trades, my friend, and the tools we use. I wouldn't dream of criticizing your preference for bars over candlesticks. If you're comfortable with them, then good luck to you.
(Personally, I prefer Candles in case you haven't noticed! )
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