Psych Levels, Pivots, and Trendlines - Resurrected | Page 602 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #12,021
  • Apr 3, 2017 4:57pm Apr 3, 2017 4:57pm
Trades from today..
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  • #12,022
  • Apr 4, 2017 3:08pm Apr 4, 2017 3:08pm
If you are looking for an edge in this market, then your best bet is to make sure your winners are bigger than your losers.. And the second thing you have to do is know when and when not to trade..

Trades for the day..
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  • #12,023
  • Apr 5, 2017 5:54am Apr 5, 2017 5:54am
If i understand correctly
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  • #12,024
  • Apr 5, 2017 11:25am Apr 5, 2017 11:25am
Quoting FXmongoose
If i understand correctly {image}
I don't use fibs but maybe it will work for you.. But yes, impulse, correct, and then PA for confirmation.. But I'm also looking at the trend, and support and resistance..
  • #12,025
  • Apr 5, 2017 11:46am Apr 5, 2017 11:46am
Trades..
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  • #12,026
  • Apr 5, 2017 12:13pm Apr 5, 2017 12:13pm
Quoting focusonmoney
{quote} I don't use fibs but maybe it will work for you.. But yes, impulse, correct, and then PA for confirmation.. But I'm also looking at the trend, and support and resistance..
How you identify trend, on what time frame..?
  • #12,027
  • Apr 6, 2017 1:45pm Apr 6, 2017 1:45pm
Quoting FXmongoose
{quote} How you identify trend, on what time frame..?
I'm looking at the 5 min and maybe the 15min,... Look for HH, HL,... Put a 20 ema on your chart... When price is above the ema look for longs, when it's below look for shorts.. That's the simple way..
  • #12,028
  • Apr 6, 2017 4:36pm Apr 6, 2017 4:36pm
Quoting focusonmoney
I love trading!! This is all I want to do.. No employees, no store front, no overhead, no customers, no inventory, no phone calls, no marketing etc.. And I can travel and trade wherever I want and make more than doctors and lawyers.. You can't beat that !! A couple of trades today.. {image} {image} {image}
Lol. Great words of inspiration, Focus! Keep up the great trading and thanks for posting!
  • #12,029
  • Apr 7, 2017 4:27am Apr 7, 2017 4:27am
Some real trades.
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  • #12,030
  • Apr 7, 2017 8:13pm Apr 7, 2017 8:13pm
Quoting FXmongoose
Some real trades. {image} {image}
Good job!!
  • #12,031
  • Apr 7, 2017 8:13pm Apr 7, 2017 8:13pm
Trades..
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  • #12,032
  • Apr 7, 2017 9:39pm Apr 7, 2017 9:39pm
Can we please not post screenshots with lines and arrows in the past and call them trades? It's not a trade - it's Monday morning Quarterbacking! If you call it a trade then show your work, which means before entry and after screenshots. Anyone can draw lines and arrows, but when you're facing real money and real consequences that's when you really know you can trust your setup.
  • #12,033
  • Apr 7, 2017 10:00pm Apr 7, 2017 10:00pm
Quoting FXmongoose
If i understand correctly {image}
Hi Mongoose,

Your fibs are in the wrong place (make sure your fib anchor points are at the extremes) and reversed. If I may, here are some tips, and btw the setup you posted was a great example for a long trade and here are the reasons.

1. This reversal happened at the lowest low in a long period of time.
2. This reversal had a strong impulse wave with an exact 61.8% retracement and then resumed up
3. The fib expansion 61.8 to 100 is almost always sweet scalping pips. A lot of the time the move will go up to 161.8, but not as frequent as the move from 61.8 to 100.

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Make sure your fib anchor points are at the extremes.
  • #12,034
  • Apr 8, 2017 5:52pm Apr 8, 2017 5:52pm
UJ is ambiguous. Still in the zone of high volatility 107 - 114. I think the support has fallen from 110.

Monthly Prediction:

Pivot 110
Strong support 105 Low.
Strong resistance 118 High.
  • #12,035
  • Apr 10, 2017 3:12pm Apr 10, 2017 3:12pm
Hello there. Im Stephan .I come from Germany. Thank you Focusmoney for posts. They are very inspiring. Im busy with trading for 9month now. I come from Germany.Im still looking for my style of trading and I think your trading style is the right way. I guess you can call the way you trading is pure Classic Trading.

When i start with trading the things i first learned were Trend; 1.2.3 ; S/R ;priceaction;patterns candlesticks. All the classic stuff. But then i tested all kind of indicators, eas and so on but nothing convinced me. Maybe you have to get the long way all over all kind of Indicators and then sometime you come back to this classic form of trading. If i may ask..What was it like for you? What took you 9 years to come to this form of trading? Maybe the problem is to stick with a strategy?a system? Thank you.
  • #12,036
  • Apr 10, 2017 3:31pm Apr 10, 2017 3:31pm
Success is all about learning from your mistakes and always improving... Without improving, you will never reach success... If something is not working out for you, why keep doing the same thing over and over.. Try something new.. Improve!!

Trades for today..
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  • #12,037
  • Apr 10, 2017 3:43pm Apr 10, 2017 3:43pm
Quoting stechi
Hello there. Im Stephan .I come from Germany. Thank you Focusmoney for posts. They are very inspiring. Im busy with trading for 9month now. I come from Germany.Im still looking for my style of trading and I think your trading style is the right way. I guess you can call the way you trading is pure Classic Trading. When i start with trading the things i first learned were Trend; 1.2.3 ; S/R ;priceaction;patterns candlesticks. All the classic stuff. But then i tested all kind of indicators, eas and so on but nothing convinced me. Maybe you have to...
Hey Stephan.. My problem was I knew a lot about price action, but I never knew how to put everything together until I saw Monocor style of trading.. When I saw his trades a lot of things went right for me.. I love classic form of trading.. Most people don't want to do regular price action because they want a shinny tool to tell them when to go short or long.. If it was that easy everyone would of been rich by now..

I like to look at the trend either on the 5 min of 15 min.. and then i look at areas where prices are likely to turn (support&resistance)... And then I like my winners to be bigger than my losers..
  • #12,038
  • Apr 10, 2017 4:21pm Apr 10, 2017 4:21pm
Quoting focusonmoney
{quote} Hey Stephan.. My problem was I knew a lot about price action, but I never knew how to put everything together until I saw Monocor style of trading.. When I saw his trades a lot of things went right for me.. I love classic form of trading.. Most people don't want to do regular price action because they want a shinny tool to tell them when to go short or long.. If it was that easy everyone would of been rich by now.. I like to look at the trend either on the 5 min of 15 min.. and then i look at areas where prices are likely to turn (support&resistance)......
  • #12,039
  • Apr 11, 2017 2:23pm Apr 11, 2017 2:23pm
Trades for the day..
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  • #12,040
  • Apr 12, 2017 1:22pm Apr 12, 2017 1:22pm
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