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Vantage replied Nov 16, 2009With price at 4 hr pivot again we'll either hold for a lower high on 4 hr or break up and 1st target would be daily TL at 6821. Assuming of course we can top W M3 and 38% ext of Fri's range at 6755, 6800 and high from 11 Nov of course.
Psych Levels, Pivots, and Trendlines - Resurrected
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Vantage replied Nov 16, 2009With price struggling lower a higher low at psych level and W P provided a good buy.
Psych Levels, Pivots, and Trendlines - Resurrected
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Vantage replied Nov 16, 20094hr trendline was rejected, morning all down but I had computer problems and missed out. We are now testing TL again. 1hr had a nice lower close but has lower wicks at the weekly pivot 6674. Price was struggling to go lower, 5 min shows each lower ...
Higher low, lower high system
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Vantage replied Nov 16, 2009Very nice, 4 hr trendline worked like a charm.
Psych Levels, Pivots, and Trendlines - Resurrected
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Vantage replied Nov 16, 2009I downloaded something from vsa thread that my mt4 did not like froze up completely. Just moved all indi's templates etc and got new mt4 gu set up. Now for ej and eu. What a pain!!!!!!!!!
Nice to see some nice trades guys.Psych Levels, Pivots, and Trendlines - Resurrected
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Vantage replied Nov 16, 2009My volume knowledge is not strong so I would definitely suggest looking at the vsa thread by Shamus Famous. Basically the little vsa knowledge I have gave me a better understanding of candles, following through after a candle/vsa and the story ...
Higher low, lower high system
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Vantage replied Nov 13, 2009R2 and the 62% fib, as I expect a little more fight between bulls/bears and maybe some sideways yawn I don't want to get suckered into a rubbish trade so I'm outta here for a while. Good luck trading!!
Psych Levels, Pivots, and Trendlines - Resurrected
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Vantage replied Nov 13, 20091 hr 7am candle a nice positive close, some FO jumping around but closes as a hammer, from there we are only thinking 1 way and thats buy, the only question is where. Thats where 1 min comes in as posted above. HL's yes but also pull backs to key ...
Psych Levels, Pivots, and Trendlines - Resurrected
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Vantage replied Nov 13, 2009Daily has a doji yesterday after a strong move down suggesting the possibility of a reversal. 4hr has a reject of supp area/TL and a couple of green candles. Certainly suggesting up.
Psych Levels, Pivots, and Trendlines - Resurrected
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Vantage replied Nov 13, 2009Islander was kind enough a little earlier to explain his methods so I'll do the same, back in a sec with charts.
Psych Levels, Pivots, and Trendlines - Resurrected
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Vantage replied Nov 13, 2009I thought you might have, one of those price only goes a few pips higher and fails trades that Mrs V and I are thinking about trying to get in on. Especially when hits 62% fib literally to the pip. Nice trade.
Psych Levels, Pivots, and Trendlines - Resurrected
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Vantage replied Nov 13, 2009Its just the charts I'm posting. Fibs work with key areas they are great take profit areas. I'm not focusing on counter trend (trying to pick top) but in my single minded focus follow trend until its gone. The 2 fib areas are shown as red lines on ...
Psych Levels, Pivots, and Trendlines - Resurrected
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Vantage replied Nov 13, 20094hr tl comes in at 6750ish. Hourly has fibs, y's high, W M3 and R1 at 6625 area, another M4 50% fib confluence at 6655. Some tough areas to crack if we are to get to that 4 hr tl.
Psych Levels, Pivots, and Trendlines - Resurrected
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Vantage replied Nov 12, 2009Daily 50% fib 6550 ish. Tough area.
Psych Levels, Pivots, and Trendlines - Resurrected
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Vantage replied Nov 12, 2009Not sure if this is the same one. 1st trade of day.
Psych Levels, Pivots, and Trendlines - Resurrected
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Vantage replied Nov 12, 2009Hi again I posted this 4hr chart (bottom chart) yesterday morning on the psych levels pivots and TL's thread. The x shows where the trendline held after the fall out from UK ratings warning. I said that if we fall 6640 would be a key area obviously ...
Trade Using VSA (Volume Spread Analysis)
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Vantage replied Nov 11, 20094hr TL put up a good fight and then had big sell off. Looks like I must trade more actively on US holidays!!!
Psych Levels, Pivots, and Trendlines - Resurrected
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Vantage replied Nov 11, 2009My vsa skills are limited so perhaps I should just keep my opinions to myself. For what its worth, just a general trading thingie but after a massive drop like that I never take what appears to be the first trade up, that has saved me a lot of pips, ...
Trade Using VSA (Volume Spread Analysis)
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Vantage replied Nov 11, 2009Just missed out on the push up from 1.35 on ej so with the news and BOE speech in about 45 mins I'm outta cheers. Cheers.
Psych Levels, Pivots, and Trendlines - Resurrected