Psych Levels, Pivots, and Trendlines - Resurrected | Page 595 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #11,881
  • Jan 4, 2017 7:53am Jan 4, 2017 7:53am
Quoting monocor
One more trade UJ, nice trending today. S become R, like in the book, nice and symple {image}
Monocor would you mind sharing your template or the S/R indicator (if it is one, you may simply draw it yourself).

cheers
  • #11,882
  • Jan 7, 2017 2:38am Jan 7, 2017 2:38am
Quoting Razor864
{quote} Monocor would you mind sharing your template or the S/R indicator (if it is one, you may simply draw it yourself). cheers
Template is here http://www.forexfactory.com/showthre...01#post9234101
Levels I explained how to draw, that is not an indicator
Even though I walk through the darkest valley, I will fear no evil
  • #11,883
  • Jan 9, 2017 1:08am Jan 9, 2017 1:08am
Morning !!! Todays trades from UJ
Attached Image (click to enlarge)
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Even though I walk through the darkest valley, I will fear no evil
  • #11,884
  • Jan 9, 2017 1:10am Jan 9, 2017 1:10am
My new year gift )))))) I like the new key from BMW
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Even though I walk through the darkest valley, I will fear no evil
  • #11,885
  • Jan 9, 2017 4:36am Jan 9, 2017 4:36am
Quoting monocor
My new year gift )))))) I like the new key from BMW {image}

Congratulations!
Very nice.
  • #11,886
  • Jan 9, 2017 9:48am Jan 9, 2017 9:48am
Quoting monocor
My new year gift )))))) I like the new key from BMW {image}
Congrats Monocor!! What model is that? 7 series?
  • #11,887
  • Jan 9, 2017 9:59am Jan 9, 2017 9:59am
GU and AU 30 pips
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  • #11,888
  • Jan 10, 2017 1:24am Jan 10, 2017 1:24am
Quoting focusonmoney
{quote} Congrats Monocor!! What model is that? 7 series?
550 xdrive
Even though I walk through the darkest valley, I will fear no evil
  • #11,889
  • Jan 10, 2017 1:24am Jan 10, 2017 1:24am
Quoting focusonmoney
GU and AU 30 pips {image} {image}
Nice trades !!!
Even though I walk through the darkest valley, I will fear no evil
  • #11,890
  • Jan 10, 2017 1:25am Jan 10, 2017 1:25am
Fresh one from today UJ
Attached Image (click to enlarge)
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Even though I walk through the darkest valley, I will fear no evil
  • #11,891
  • Jan 18, 2017 1:44am Jan 18, 2017 1:44am
anyone doing any pivot trading around here?
Look Sharp/Trade Tight
  • #11,892
  • Edited 5:59am Jan 18, 2017 1:52am | Edited 5:59am
I've never really used them in any capacity. I was introduced to them on the floor, where a lot of guy swore by them, but I never saw any value in them then. They seem to get a lot of press. But are they any good I wonder. I've been looking at some mechanical methods for levels, to use for scalps. Its not like I don't have a plethora of my own levels, but I guess I figured I could spend a little time investigating some more traditional levels.
Look Sharp/Trade Tight
  • #11,893
  • Jan 18, 2017 1:57am Jan 18, 2017 1:57am
But how to use them. You got 3 supports, 3 R's, and a pivot. That's 7 levels. So which would I trade. Can't trade them all. Need to filter them out. But how?
Look Sharp/Trade Tight
  • #11,894
  • Jan 18, 2017 2:08am Jan 18, 2017 2:08am
Here is a quick read on the EU....

look at S1...

market moves higher yesterday, S1 had some decent action as R, then the bulls pushed through it, and it was retested smartly before sparking the rally to new highs...seems like a good candidate for support today...maybe just for a scalp...

naturally, the market didn't know it was S1 yesterday now did it....

but its S1 today....
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #11,895
  • Jan 18, 2017 2:16am Jan 18, 2017 2:16am
why not the use the pivot today you ask? well it also got some respect, before even being a pivot, but its proximity to the high, and maybe the fact that its retest is a little deeper, makes me prefer waiting for S1...
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #11,896
  • Edited 2:35am Jan 18, 2017 2:19am | Edited 2:35am
thoughts, feedback? any experience using these levels like this, looking backwards for clues?
Look Sharp/Trade Tight
  • #11,897
  • Jan 18, 2017 2:39am Jan 18, 2017 2:39am
I mean this is nothing groundbreaking..looking at a levels history, especially a made up level...but curious who's had some experience trading these things...
Look Sharp/Trade Tight
  • #11,898
  • Edited 3:25am Jan 18, 2017 2:50am | Edited 3:25am
R1 in the yen now, worth a scalp, or did it get its play already today?

meh..a quick 10 if ya hit it right...more like 8
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #11,899
  • Edited 5:37am Jan 18, 2017 3:26am | Edited 5:37am
what about EY, what looks good?
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #11,900
  • Jan 18, 2017 5:36am Jan 18, 2017 5:36am
I take back asking about EY. Not gonna include the crosses, no need to. Four majors, times 7 levels, is 28 total. Should be enough to produce one or two good prospects a day. We don't need no stinkin crosses...
Look Sharp/Trade Tight
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