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Psych Levels, Pivots, and Trendlines - Resurrected

  • #11,401
  • Sep 2, 2016 2:49am Sep 2, 2016 2:49am
Morning!!! Friday Non Farm day ((( no trading in US session.
UJ trade from this morning ! Support, bottom of the channel, harami made with hammer, divergence from support, and nice move up right in to the target +25 pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 77 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,402
  • Sep 2, 2016 2:51am Sep 2, 2016 2:51am
This week was extra productive, more than 300 pips. UJ was my last trade for the week!!! Have a nice weekend!

Join this thread, lets trade and make money together !!!!
Even though I walk through the darkest valley, I will fear no evil
  • #11,403
  • Sep 5, 2016 2:58am Sep 5, 2016 2:58am
Good morning ! First week of September, winter is coming))))))))

Today market is slow.

UJ: End up BE, moved in to BE after rejection of lows. Bearish trend, retracement to previous support, now become resistance, price found support at 50 % fib, created harami, plus we had divergence, every thing is confirming that price will keep going down.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 82 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,404
  • Sep 5, 2016 8:12am Sep 5, 2016 8:12am
Minday, it is all what i can say ((((

2 hours until price reached target (((((

Resistance, divergence, 61 fib
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 85 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,405
  • Sep 6, 2016 6:40am Sep 6, 2016 6:40am
GU trade : Support, 78 fib held, divergence, target is 1 to 1 move, was good for 20 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 79 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,406
  • Sep 7, 2016 5:23am Sep 7, 2016 5:23am
Hello ! New day new trades !!!
UJ skiped that trade, would like to see divergence in trade like this, price finished one to one move

AU: Asian high, top of the channel, small divergence, harami, target bottom of the channel, was good for 20 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 79 KB
Click to Enlarge Name: AUDUSDM5.png Size: 94 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,407
  • Sep 8, 2016 6:28am Sep 8, 2016 6:28am
EU 2 trades from today,j first + 17 pips, second +14 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 75 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,408
  • Sep 9, 2016 7:16am Sep 9, 2016 7:16am
Friday! Last day of the week! Couple of trades from today

UJ: 1 Channel up, asian high, doji gap down was my trigger, target bottom of channel
2 Wedge, resistance. divergence, target 1 to 1 move

EU: 76% fib, intraday resistance, divergence, target 1 to 1 move
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 78 KB
Click to Enlarge Name: EURUSDM5.png Size: 102 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,409
  • Sep 9, 2016 7:18am Sep 9, 2016 7:18am
Quoting monocor
Friday! Last day of the week! Couple of trades from today UJ: 1 Channel up, asian high, doji gap down was my trigger, target bottom of channel 2 Wedge, resistance. divergence, target 1 to 1 move EU: 76% fib, intraday resistance, divergence, target 1 to 1 move {image} {image}
AU target reached, +30 pips
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 80 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,410
  • Sep 9, 2016 7:40am Sep 9, 2016 7:40am
Hi monocor. Keep posting charts, please!

How you know where price will break triangle? I mean, they can go up, and give a false break, and then break down. I am not sure where it will break, bullish or bearish. So how do you know this?
Thank you. Sorry for my bad english.
  • #11,411
  • Sep 11, 2016 5:45am Sep 11, 2016 5:45am
Quoting trapforex
Hi monocor. Keep posting charts, please! How you know where price will break triangle? I mean, they can go up, and give a false break, and then break down. I am not sure where it will break, bullish or bearish. So how do you know this? Thank you. Sorry for my bad english.
follow the trend, expect the break out in the direction of the previous move

It depends on the situation, watch whats happening with the traiangle, like here. Move down to RN, riangle, we expect to continue move down and finish 1 to 1 measured move, harami at the break out, and the first lower close in one hour of consolidation
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 87 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,412
  • Sep 12, 2016 2:36am Sep 12, 2016 2:36am
Morning Folks !!!

Falls break out from triangle, which is a good selling point, in the direction of previous move. Did't have proper set up for the entry, so no trade for me
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 86 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,413
  • Edited 6:20am Sep 12, 2016 4:48am | Edited 6:20am
AU: first trade prise hit my stop loss with spread, - 10 pips, second trade reached target 1 to 1 move, +20 pips

EU: break of the channel, with H&S at the top, target bottom of the channel
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 87 KB
Click to Enlarge Name: EURUSDM5.png Size: 97 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,414
  • Sep 12, 2016 6:21am Sep 12, 2016 6:21am
Quoting monocor
AU: first trade prise hit my stop loss with spread, - 10 pips, second trade reached target 1 to 1 move, +20 pips EU: break of the channel, with H&S at the top, target bottom of the channel {image} {image}
EU closed +28 pips, rejection from support
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 98 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,415
  • Sep 12, 2016 6:24am Sep 12, 2016 6:24am
UJ: Pennant, looking for 1 to 1 move, price missed my target by 2 pips, closed + 15 pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 78 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,416
  • Sep 12, 2016 7:12am Sep 12, 2016 7:12am
AU: Wedge break out, test and H&S at the test, first target high of the wedge, second resistance, missed resistance by one pip, +10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 89 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,417
  • Sep 13, 2016 6:30am Sep 13, 2016 6:30am
Annoying day, not many trades. UC bougth by the triangle, closed -7, UJ flag consolidation before RN and resistance +18
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADM5.png Size: 73 KB
Click to Enlarge Name: USDJPYM5.png Size: 75 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,418
  • Sep 14, 2016 2:01am Sep 14, 2016 2:01am
First trade for today !
UC: Testing previous support, now resistance, price in descending channel, divergence, evening star, looking for 1 to 1 target, to test low of the channel
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM5.png Size: 78 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,419
  • Sep 14, 2016 8:19am Sep 14, 2016 8:19am
Hard knocking day !!! First trade BE, second +25
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 92 KB
Even though I walk through the darkest valley, I will fear no evil
  • #11,420
  • Sep 15, 2016 3:32am Sep 15, 2016 3:32am
Morning folks ! Two trades from today
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDM5.png Size: 83 KB
Click to Enlarge Name: USDJPYM5.png Size: 85 KB
Even though I walk through the darkest valley, I will fear no evil
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