No problem .......... after all that our gu trade was a loser.

Psych Levels, Pivots, and Trendlines - Resurrected

The failed GU trade.

Psych Levels, Pivots, and Trendlines - Resurrected

GU seemed very choppy and did give some trades in hindsight but at the time we didn't like. We try (don't always get it right) to focus on the best currency to trade. GU 1 hr had a nice hammer then a doji so we didn't know where it was going with ...

Psych Levels, Pivots, and Trendlines - Resurrected

Forgot to mention, the 4 hr trendline that currently comes in around the 23% line 6640 ish (see above post) may be important as a turn place if we fall from here. The trend lines on these charts are auto drawn by a demark indi. Look at the above ...

Psych Levels, Pivots, and Trendlines - Resurrected

Well Islander your down week forecast may happen, we did get some big news. Daily has a big hammer that closed on a key level suggesting up. 4 hr stalled at 62% fib and we are heading down so could be selling soon. Or of course we could turn up with ...

Psych Levels, Pivots, and Trendlines - Resurrected

OK. A lot of action before I got to computer but smc4 scalper candles also alerted before the big move down. When I got to computer there was a higher low above 6650. Moved up to 75 level and 50% of big fall so when it failed to push on exited +14. ...

Psych Levels, Pivots, and Trendlines - Resurrected

We are on a hl at 6825 but I agree I'm off to make some lunch, as Mrs V has popped out, almost 1pm here. Back in an hour or so.

Psych Levels, Pivots, and Trendlines - Resurrected

I'd be very surprised if its a down week. We have broken above some key levels going back to Oct 2008 and to reverse course something very big's gotta happen (news, big US stock market reversal) and as my crysal ball is broke I'll just carry on ...

Psych Levels, Pivots, and Trendlines - Resurrected

For what its worth our daily chart with key levels that we have been watching attached. We think we're headed to 7040 with some moves up and down along the way.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Islander The lack of vol on 15 min when 6800 was rejected gave us confidence that there was no interest in a move down. The fact that daily, 4 hr and 1 hr were also strongly up may also have had something to do with it. We bought after the hammer ...

Psych Levels, Pivots, and Trendlines - Resurrected

Some nice trades today. EJ lower high reject of the (purple) pivot at 134.34, exit +30 when move below 134 was failing. A couple of gbp trades, after a positive close 1 hr candle 9am, a buy at 6510 after the higher low blue up arrow entry off 1 min ...

Higher low, lower high system

Not posted for a while not sure if theres much interest but what the heck. Just a picture perfect set up for this system. EJ daily had an obvious problem over the last few days with 62% fib. Coming into today 4 hr 4am candle shown has a positive ...

Higher low, lower high system

Usually stops around 12-15. We are quite happy to exit at 5-8 anywhere around there if in a trade and something just not looking right. Spreads with fxpro GU usually 1-2 when quiet 3. GJ 4 when quiet 6. EU 1 when quiet 2. EJ 2 when quiet 3-4.

Psych Levels, Pivots, and Trendlines - Resurrected

OK another storm coming so I'm outta here .................. cheers.

Psych Levels, Pivots, and Trendlines - Resurrected

First trade I had was after the 2 1hr shooting stars about 8 hrs ago. They rejected the 38% fib of y's range at 6397. As the 4 hr was not agreeing with a move down (nice solid higher close) if this trade turned out to be a scalp we were fine with ...

Psych Levels, Pivots, and Trendlines - Resurrected

If its the same code as mine its a (nice looking) 21 ema. One of the benefits using an ema like this is that they approximate an rsi. If price is above the ema then you can bet your bottom dollar price will be above the 50 level on rsi (excluding ...

Psych Levels, Pivots, and Trendlines - Resurrected

Cheers.

Psych Levels, Pivots, and Trendlines - Resurrected

Oh yes. Searched - couldn't find, care to share??????????????

Psych Levels, Pivots, and Trendlines - Resurrected

Cheers, I have thanked him directly and advised those that asked how I'm using. Thanks again.

MTF Trix system

I have been asked by a couple of people how I'm using the smc4scalper signals. I load on a 5 min chart period avg 8, trix period 3, waiting time 2.0, mode avg 1, 2 and 3 all on 1. Input price 0, ma method 3, applied price 6. I also have the ma in ...

Mrs V's fave 1 min entry