Psych Levels, Pivots, and Trendlines - Resurrected | Page 560 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #11,181
  • Feb 11, 2016 1:10pm Feb 11, 2016 1:10pm
[quote=eyevoltage;8747082]Nice trade, coastie. TL's are definitely your thing!

Yeah, I'm really a 1 trick pony
I love your NZDUSD trade. Nice and quick!
You could also add Head and Shoulders pattern.

EU 5 min
Price broke the 1.3000, then tested it with a doji and then gave me an inside outside pattern across my trend line.
It almost hit my SL before taking off ( very cheeky ) it had me nervous a little
10 pip SL 30 pip TP.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 11.02.16.png Size: 34 KB

Cheers
  • #11,182
  • Feb 12, 2016 1:08am Feb 12, 2016 1:08am
[quote=coastie;8748794]
Quoting eyevoltage
Nice trade, coastie. TL's are definitely your thing! Yeah, I'm really a 1 trick pony I love your NZDUSD trade. Nice and quick! You could also add Head and Shoulders pattern. EU 5 min Price broke the 1.3000, then tested it with a doji and then gave me an inside outside pattern across my trend line. It almost hit my SL before taking off ( very cheeky ) it had me nervous a little 10 pip SL 30 pip TP. {image} Cheers
One-trick-pony. Nice one. Not familiar with your inside/outside pattern though?
Yes, the NZDUSD was fairly rapid, but I didn't notice a H & S pattern?
  • #11,183
  • Feb 12, 2016 2:51am Feb 12, 2016 2:51am
[quote=eyevoltage;8749810]
Quoting coastie
{quote} One-trick-pony. Nice one. Not familiar with your inside/outside pattern though? Yes, the NZDUSD was fairly rapid, but I didn't notice a H & S pattern?
I may have it wrong but this is what I think an Inside Outside formation is.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM51.png Size: 31 KB


Sorry for the poor attempt of being an artist!!
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd0024.png Size: 34 KB

Cheers
  • #11,184
  • Feb 12, 2016 3:51am Feb 12, 2016 3:51am
[quote=coastie;8750015]
Quoting eyevoltage
{quote} I may have it wrong but this is what I think an Inside Outside formation is. {image} Sorry for the poor attempt of being an artist!! {image} Cheers
Thanks, coastie. I must be getting old, because I totally missed that H & S formation! As for the Inside/Outside formation......in Candlestick language, it's a bullish engulfing pattern.
  • #11,185
  • Feb 15, 2016 9:30am Feb 15, 2016 9:30am
15m..... UJ

Price bounced along the 114.00 psych from around 4.00am GMT. A dip down to the 50sma and then rising back to 114.00, continuing going sideways before finally breaching the psych-line. A small bearish candle, and then price finally headed up towards the 114.50 psych. After around two and a half hours, I decided to close the trade. Entry and exit as shown.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy1020.png Size: 47 KB
  • #11,186
  • Feb 16, 2016 12:48am Feb 16, 2016 12:48am
Nice trade EV!

Do you use a hard stop? Where would have closed the trade if it went against you?

Cheers
  • #11,187
  • Feb 16, 2016 4:44am Feb 16, 2016 4:44am
Quoting coastie
Nice trade EV! Do you use a hard stop? Where would have closed the trade if it went against you? Cheers
The third candle back from where price pierced 114.00 was a hammer type where price stopped decreasing and started to rise again. My stop-loss was just under that one.
  • #11,188
  • Feb 17, 2016 1:57am Feb 17, 2016 1:57am
Quoting eyevoltage
{quote} The third candle back from where price pierced 114.00 was a hammer type where price stopped decreasing and started to rise again. My stop-loss was just under that one.
Cheers Mate
  • #11,189
  • Feb 17, 2016 4:27am Feb 17, 2016 4:27am
Hello everyone,
I took this trend line break on the EU 5min chart.
SL 10 TP 20
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM517.02.16.png Size: 42 KB

Happy Trading
Cheers
  • #11,190
  • Feb 22, 2016 6:14am Feb 22, 2016 6:14am
15m..... EU

Price dropped to S1, where it moved sideways for a couple of hours before dropping below S1 and eventually breaching the 1.1050 psych-line and hitting S2. Entry and exit as shown.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd100.png Size: 55 KB
  • #11,191
  • Feb 22, 2016 8:09am Feb 22, 2016 8:09am
15m............ NZD/USD

A symmetrical triangle formed along R1, and the breakout was quite spectacular. Entry and exit as shown.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd0025.png Size: 52 KB
  • #11,192
  • Feb 22, 2016 11:24pm Feb 22, 2016 11:24pm
EV rocking as always....
  • #11,193
  • Feb 23, 2016 4:28am Feb 23, 2016 4:28am
Quoting snail69
EV rocking as always....
Could do with one or two others coming on here to liven up this thread!!
  • #11,194
  • Feb 23, 2016 6:14am Feb 23, 2016 6:14am
Quoting eyevoltage
{quote} Could do with one or two others coming on here to liven up this thread!!

Hi EV - hope all is well with you.....noticing your post I'm posting a chart.....I only trade the Dax and Dow and this chart shows my thinking....

The first sell yesterday was when that earlier high around the **25 SS held, providing the first point for the trend line which gave two more entries for those who were awake - not me!

This morning, around 8am GMT there was a nice Lower High at 1, followed by a Trader Vic's 2B type of buy at 2 - I call those Failures - there to break that S&R level.


At 3, price held a yesterday's closing level, with 4 & 5 Lower Highs for shorts before price failed to break the Big Round Number, giving a Higher Low Buy at No 6.....so six potential trades in a lack-lustre morning.

Now waiting for the US Traders to wake up

Kind Regards

Islander
Attached Image (click to enlarge)
Click to Enlarge Name: feb23 dow 5m 1200 gmt.png Size: 41 KB
Trading Levels with WRBs
  • #11,195
  • Feb 23, 2016 10:03am Feb 23, 2016 10:03am
Quoting Islander
{quote} Hi EV - hope all is well with you.....noticing your post I'm posting a chart.....I only trade the Dax and Dow and this chart shows my thinking.... The first sell yesterday was when that earlier high around the **25 SS held, providing the first point for the trend line which gave two more entries for those who were awake - not me! This morning, around 8am GMT there was a nice Lower High at 1, followed by a Trader Vic's 2B type of buy at 2 - I call those Failures - there to break that S&R level. At 3, price held a yesterday's closing level,...
Thanks for the visit, Islander. Good to hear from you again. Your chart took a little studying for a while before I saw the light!! Thanks for that, me old mate. (Apologies for the late answer.......had to go out for some provisions!! Best of luck, mate, and my best to Vantage.)
  • #11,196
  • Feb 23, 2016 11:20am Feb 23, 2016 11:20am
15m.... GU

After price dropped through MS1 (1.4103), it then reversed up to test for resistance. A Dark Cloud Cover then formed (in the square) and price started dropping again. It cut through S1, and then started reversing again. My point of exit.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd077.png Size: 49 KB
  • #11,197
  • Feb 23, 2016 11:22am Feb 23, 2016 11:22am
I'll pass on your regards to Vantage - he visits Clive Packham's Dax / Dow room most mornings....

As I mentioned earlier, wait for the NYSE to open and I don't need to say anything to you about these opportunities....
Attached Image
Trading Levels with WRBs
  • #11,198
  • Feb 23, 2016 11:42am Feb 23, 2016 11:42am
Quoting Islander
I'll pass on your regards to Vantage - he visits Clive Packham's Dax / Dow room most mornings.... As I mentioned earlier, wait for the NYSE to open and I don't need to say anything to you about these opportunities.... {image}
Many thanks for the pointer re NYSE, my friend. Don't forget MRS Vantage whatever you do! Good trading, Islander.
  • #11,199
  • Feb 23, 2016 11:49am Feb 23, 2016 11:49am
Hey EV, long time don't post here mate, I've been admittedly confusing myself with complicated approaches and getting busy going nowhere, and again, realizing "simple is best" lol. One must fight he's own demons before making it this business

Anyways, I'm back
  • #11,200
  • Edited 12:23pm Feb 23, 2016 11:55am | Edited 12:23pm
Quoting fuzz
Hey EV, long time don't post here mate, I've been admittedly confusing myself with complicated approaches and getting busy going nowhere, and again, realizing "simple is best" lol. One must fight he's own demons before making it this business Anyways, I'm back

Good to see you again, fuzz, and I hope you and yours are keeping well. You're not the only one who gets all tangled up in various complications and getting nowhere. Good to know that you've admitted this to yourself. Come back to the simple approaches, mate, where the waters are calm and the blood doesn't boil !!!
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