Psych Levels, Pivots, and Trendlines - Resurrected | Page 581 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #11,601
  • Nov 10, 2016 4:27am Nov 10, 2016 4:27am
Quoting monocor
{quote} It has nothing to do with EMA, it is break and test levels. I told you 3 things what price can do with level, for a reason!!Yes, friday is a holiday, and I got my pips today, so I am done for the week. Don't trade on friday !!!!
still not too clear for me, sometimes I am not the most visual person, so at this moment don't quite get it ... I must be missing out on the definition of what you call a level ..... do you get them of the 5M charts ?
planning to go over the last 30 pages of this thread tomorrow in the hope I get what you mean ...
  • #11,602
  • Nov 10, 2016 4:30am Nov 10, 2016 4:30am
Cvd, this one for you. Answer a question, how do you know that level is broken ? There is no divergence, but lets say there is devirgence
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Even though I walk through the darkest valley, I will fear no evil
  • #11,603
  • Nov 10, 2016 4:31am Nov 10, 2016 4:31am
Quoting cvds16
{quote} still not too clear for me, sometimes I am not the most visual person, so at this moment don't quite get it ... I must be missing out on the definition of what you call a level ..... do you get them of the 5M charts ? planning to go over the last 30 pages of this thread tomorrow in the hope I get what you mean ...
I draw levels at M15 chart
Even though I walk through the darkest valley, I will fear no evil
  • #11,604
  • Nov 10, 2016 4:34am Nov 10, 2016 4:34am
ok, I get that one I think: it goes outside of the blue band to the upside and goes inside again with the evening star ... problem I am strugging with is I don't know how you draw these blue bands ...
  • #11,605
  • Nov 10, 2016 4:36am Nov 10, 2016 4:36am
Quoting monocor
{quote} I draw levels at M15 chart
yes, I had read that, I only got now what that means in practice to you ... problem solved most likely :-)
  • #11,606
  • Nov 10, 2016 4:37am Nov 10, 2016 4:37am
Quoting cvds16
{quote} yes, I had read that, I only got now what that means in practice to you ... problem solved most likely :-)
Watch this one
Inserted Video
Even though I walk through the darkest valley, I will fear no evil
  • #11,607
  • Nov 10, 2016 6:06am Nov 10, 2016 6:06am
would you consider this a good setup ? or is this my mind just playing tricks on me ?
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  • #11,608
  • Nov 10, 2016 6:22am Nov 10, 2016 6:22am
My last trade, for this week, my mouse just died on me, have to use touch pad, and its killing me, +25 pips and no comments, as everything on the chart.

For those who says levels doesn't work, look at those blue boxes, I draw it every morning, before I start trading.

Cvd break and test, I hope you see it !!!!
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Even though I walk through the darkest valley, I will fear no evil
  • #11,609
  • Nov 10, 2016 6:27am Nov 10, 2016 6:27am
Quoting cvds16
would you consider this a good setup ? or is this my mind just playing tricks on me ? {image}
I told this yesterday to focusonmoney, in the channel below, that I consider a trend, but after that price just went up, stay away from it !!!! It is not proper trend!!!!
Even though I walk through the darkest valley, I will fear no evil
  • #11,610
  • Nov 10, 2016 6:30am Nov 10, 2016 6:30am
First trade had a loss -6 pips, second one +20 pips
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Even though I walk through the darkest valley, I will fear no evil
  • #11,611
  • Nov 10, 2016 6:36am Nov 10, 2016 6:36am
It's gonna take some time for me to really 'see' these levels, I had that one on in eurusd ... but never saw it as a 'trade' ... let's hope time will help ...
  • #11,612
  • Nov 10, 2016 6:39am Nov 10, 2016 6:39am
And just to be clear, I don't post all of my trades, I post only best ones, I have around 15-20 trades, my win rate 70%, My risk reward is at lest 2 to 1. And I have a plan, which I follow ! My trades is not random. Any way, I got my 350 pips for this week, and I will see you next week!!!

Have a nice weekend, and happy pips !!!

My baby girl RS6, trading brings pleasure
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Even though I walk through the darkest valley, I will fear no evil
  • #11,613
  • Nov 10, 2016 6:42am Nov 10, 2016 6:42am
Quoting cvds16
It's gonna take some time for me to really 'see' these levels, I had that one on in eurusd ... but never saw it as a 'trade' ... let's hope time will help ...
Answer two questions. first what market is doing ? EU down trend. What you do when you have a down trend ? You selling it until it stops
Even though I walk through the darkest valley, I will fear no evil
  • #11,614
  • Edited 7:06am Nov 10, 2016 6:44am | Edited 7:06am
you got more than one point :-)
  • #11,615
  • Nov 10, 2016 6:49am Nov 10, 2016 6:49am
Quoting cvds16
you got more than one one point :-)
I agree, it takes time, to get used to, Ive been trading levels and patterns for years, for you it is still hard to see, what I see on the chart, but time will pass and you will get used to it. Be patient you will get it.
Even though I walk through the darkest valley, I will fear no evil
  • #11,616
  • Nov 10, 2016 7:06am Nov 10, 2016 7:06am
thanks for the support and enjoy your weekend !
  • #11,617
  • Nov 10, 2016 7:29am Nov 10, 2016 7:29am
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Even though I walk through the darkest valley, I will fear no evil
  • #11,618
  • Edited 8:15am Nov 10, 2016 7:37am | Edited 8:15am
and another 29 pips on my demo ;-) short usdjpy EDIT: posted the wrong chart first
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  • #11,619
  • Nov 10, 2016 9:15am Nov 10, 2016 9:15am
Quoting cvds16
and another 29 pips on my demo ;-) short usdjpy EDIT: posted the wrong chart first {image}
good
Even though I walk through the darkest valley, I will fear no evil
  • #11,620
  • Nov 10, 2016 10:13am Nov 10, 2016 10:13am
this was a last setup that I saw, but mismanaged this in demo: so out for zero pips there ...
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