Psych Levels, Pivots, and Trendlines - Resurrected | Page 609 | Forex Factory

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Psych Levels, Pivots, and Trendlines - Resurrected

  • #12,161
  • May 16, 2017 4:14am May 16, 2017 4:14am
Hi monocor and others, could you tell me how you organize your watching list, how many m1 pairs ? are you always looking same pairs or if not how do you make your daily selection ? even with 2 big screens i found difficult to observed more than 4 pairs because of mt4 bad graphic with which i found difficult to have a nice vision with multi pairs ... may be a possibility will be to observed for set with trading view, but you have to switch to mt4 for your entry and to manage the trade, not perfect
There is no way to happiness , happiness is the way.
  • #12,162
  • May 16, 2017 4:18am May 16, 2017 4:18am
EJ m1 +10
after an AB=CD completion price go up 1 bar and bears came back with good rotation, strong engulfing i enter to tp on the channel low line but price broke the trendline so i trail aggressively and been stopped at +10
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There is no way to happiness , happiness is the way.
  • #12,163
  • May 16, 2017 5:50am May 16, 2017 5:50am
Quoting Ockham
Hi monocor and others, could you tell me how you organize your watching list, how many m1 pairs ? are you always looking same pairs or if not how do you make your daily selection ? even with 2 big screens i found difficult to observed more than 4 pairs because of mt4 bad graphic with which i found difficult to have a nice vision with multi pairs ... may be a possibility will be to observed for set with trading view, but you have to switch to mt4 for your entry and to manage the trade, not perfect
8 pairs, I wait when price will reach some lvl, and after that I start watching that pair closely . I don't trade with mt4, i use it only for charting, and I trade from laptop
Even though I walk through the darkest valley, I will fear no evil
  • #12,164
  • May 16, 2017 10:25am May 16, 2017 10:25am
It's nice to see activity on this thread.. Trades for the day..
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  • #12,165
  • May 16, 2017 10:29am May 16, 2017 10:29am
[quote=Ockham;9871434]Hi monocor and others, could you tell me how you organize your watching list, how many m1 pairs ? are you always looking same pairs or if not how do you make your daily selection ? even with 2 big screens i found difficult to observed more than 4 pairs because of mt4 bad graphic with which i found difficult to have a nice vision with multi pairs ... may be a possibility will be to observed for set with trading view, but you have to switch to mt4 for your entry and to manage the trade, not perfect
I watch six pairs. You dont need to look to all pairs at the same time. Just switch through the pairs and watch them fullscreen
  • #12,166
  • May 16, 2017 10:37am May 16, 2017 10:37am
Quoting focusonmoney
It's nice to see activity on this thread.. Trades for the day.. {image} {image}
Nice! Was your target reached on u/j? Ah i see target was the last Low
  • #12,167
  • May 16, 2017 1:13pm May 16, 2017 1:13pm
Quoting stechi
{quote} Nice! Was your target reached on u/j? Ah i see target was the last Low

Yes correct!!.. Where are your trades today?
  • #12,168
  • May 16, 2017 1:54pm May 16, 2017 1:54pm
I was busy. Unfortunately no Trading for me today.
  • #12,169
  • May 18, 2017 12:50pm May 18, 2017 12:50pm
Quoting Ockham
EJ m1 +10 after an AB=CD completion price go up 1 bar and bears came back with good rotation, strong engulfing i enter to tp on the channel low line but price broke the trendline so i trail aggressively and been stopped at +10 {image}
Hey guys! Hope you doing well. Man no time for trading the last days. Its confusing!

Okham your last trade, would you explain me something? I have some questions..

Whres the AB=CD Formation?

So you drawThat blue lines for the swing range and you expect a reversal at the top?(the horizontal blue line). There you look for candlestick formation?

And..

Why did you trade aggressively after breaking the lower trendline? Breaking that trendline is in your favour!?
  • #12,170
  • May 18, 2017 1:11pm May 18, 2017 1:11pm
I trade this way, if i want scalp the market.

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I wait for clear reaction on Levels (H4, H1, Pivot). I must see a candle what eat previous candles.
After that i wait for a good reaction at EMA 50 or better both EMA 50 and EMA 21.
I set my stops close to get good RR. Sorry my english is not the best.
Perfection is the enemy of good enough!
  • #12,171
  • May 18, 2017 2:09pm May 18, 2017 2:09pm
Not sure about this one.. Lets see...
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  • #12,172
  • May 18, 2017 2:45pm May 18, 2017 2:45pm
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Perfection is the enemy of good enough!
  • #12,173
  • May 18, 2017 2:45pm May 18, 2017 2:45pm
Stopped out
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  • #12,174
  • May 18, 2017 11:06pm May 18, 2017 11:06pm
Quoting stechi
{quote} Hey guys! Hope you doing well. Man no time for trading the last days. Its confusing! Okham your last trade, would you explain me something? I have some questions.. Whres the AB=CD Formation? So you drawThat blue lines for the swing range and you expect a reversal at the top?(the horizontal blue line). There you look for candlestick formation? And.. Why did you trade aggressively after breaking the lower trendline? Breaking that trendline is in your favour!?
Hi stechi i will try to explain you my entry, you will found some explanation on charts, first it is not a real AB=CD because after AB we need to see the price retrace at least at 38,20% for C. Anyway when there was CD completion we could also have a reversal but not a strong one imho because the bullish trend is really strong, so for my entry i use the strong rotation ( you could learn more about with Mr.Pip videos) and there was also a 2B pattern see picture below (if interested you could found pdf about this in FF).
For my exit and as i plan some high leverage with tight SL i decided to exited when price reacted to the first support level, on a strong and clear entry point i will probably do differently.
Found below a link of basic of Harmonic very well explained by Mr.Pip as usual, i really encourage you and anyone else who want to be serious in trading to learn the market structure as many traders like monocor did, an easy way is with Mr.Pip videos, all 100% free.
Hope this will help you.

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There is no way to happiness , happiness is the way.
  • #12,175
  • May 18, 2017 11:12pm May 18, 2017 11:12pm
Quoting focusonmoney
{quote} Yes correct!!.. Where are your trades today?
Still here ! i am personally looking for a new chart set up as i hate MT4 with which you cannot zoom in zoom out quickly to look what you found left i would like to switch to Tradingview or sierra charts, i am also including volume in my analysis. Will be back very soon
Green pips all
Ockham
There is no way to happiness , happiness is the way.
  • #12,176
  • May 18, 2017 11:33pm May 18, 2017 11:33pm
Quoting stechi
Stopped out {image}
just my 2 cents about your entry, may be someone else have another opinion..
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There is no way to happiness , happiness is the way.
  • #12,177
  • May 19, 2017 4:46am May 19, 2017 4:46am
Quoting MichaelSch
I trade this way, if i want scalp the market. {image} I wait for clear reaction on Levels (H4, H1, Pivot). I must see a candle what eat previous candles. After that i wait for a good reaction at EMA 50 or better both EMA 50 and EMA 21. I set my stops close to get good RR. Sorry my english is not the best.
Nice keep it up !
Even though I walk through the darkest valley, I will fear no evil
  • #12,178
  • May 19, 2017 4:52am May 19, 2017 4:52am
Quoting Ockham
{quote} just my 2 cents about your entry, may be someone else have another opinion.. {image}
Don't go that way, that is stopping volume, if you want to use volume look for trend supporting, to ketch a reversal that is really bad idea, Ive been there, thanks to tah. I don't use volume any more, coz divergence is more reliable, then guessing when MM is gonna reverse the price. They can go on and on, buying and buying, pushing price lower and lower, until you will get margin call. If you will take a look on tah's thread on dana forum, he is not ketching reversals any more, only trend continuation
Even though I walk through the darkest valley, I will fear no evil
  • #12,179
  • May 19, 2017 4:54am May 19, 2017 4:54am
Quoting focusonmoney
It's nice to see activity on this thread.. Trades for the day.. {image} {image}
Nice, do you still have 100% win rate. I followed your words, and droped B setups, now I am 98% win
Even though I walk through the darkest valley, I will fear no evil
  • #12,180
  • May 19, 2017 5:15am May 19, 2017 5:15am
It was a long way, thaks to all traders, EV, snail, Focus, and many other. For your help, support, knowledge. FF is a great place, and good school, when I started it was just for fun, and I thought I will never become like one of those guys, but now I am here, it was a long way, but now, it all pays off. Trading become my life, and changed my life for good. That is gonna be my last post. It was pleasure to be here, be part of FF family, and thanks for everything !!!!

Trade, enjoy your life, and be happy. Green pips to all
Even though I walk through the darkest valley, I will fear no evil
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