I'll take an hourly close over a 1 hr ma anyday, takes too long for a ma to turn on 1 hr.

Psych Levels, Pivots, and Trendlines - Resurrected

I thought this was also very good in explaining candles with volume and what to look for if certain candles happen and don't follow through. For example you might have a hammer with good vol and slightly lower close on following candle with vol ...

Psych Levels, Pivots, and Trendlines - Resurrected

Added the wrong doc EV. This explains the indi colours.

Psych Levels, Pivots, and Trendlines - Resurrected

There yer go. Cheers. Colours are default.

Psych Levels, Pivots, and Trendlines - Resurrected

This morning we had chats about gu and key levels etc etc and I overthought my basic system. In a downtrend 1 hr had a nice lower close. The 5 min chart has the hourly close highlighted. A shooting star immediately followed, didn't take it as I ...

Psych Levels, Pivots, and Trendlines - Resurrected

With all the weakness we were waiting for a push up to 134.50. Again hindsight is perfect but with a higher vol shooting star rejection of 134.50 would love to think we'd have taken it. Our internet connect fell a few mins before.

Psych Levels, Pivots, and Trendlines - Resurrected

Sorry been offline for about an hour, technology is wonderful ............ when it works!! Its the 34 ema.

Psych Levels, Pivots, and Trendlines - Resurrected

We had sells at 97, 71 and 62 scalping what we can, now I look back its +42. Whilst we do use 1 min for re-entries we don't normally take so many trades within a few mins of each other.

Psych Levels, Pivots, and Trendlines - Resurrected

Due to my concerns on gu I was selling ej using 1 min entry with hull indi Islander posted some time back. Thks, "pirated" some nice pips.

Psych Levels, Pivots, and Trendlines - Resurrected

Barry on the up/down/consolidation debate the vsa guys suggest there is massive vol around 6475 url have a look at the last few pages here. It seems buyers are now taking whatever is available. Its literally supply and demand more sellers and ...

Psych Levels, Pivots, and Trendlines - Resurrected

Thats my understanding of how it works, big dogs set up a move when smaller traders are at opp side of trade. When the big dogs are setting up short US$ on COT and small traders are long then we'll get the turn in GU.

Psych Levels, Pivots, and Trendlines - Resurrected

This waiting for hourly set up means you're stacking up the pips and I'm waiting for a trade. Each to his own and go with what works for you, I am working on trying your style of trading levels, not there yet.

Psych Levels, Pivots, and Trendlines - Resurrected

Islander - Steve Briese looks very interesting. Can't help thinking that when commercials and smaller traders are at opposite sides of COT range then big moves will follow. Meaning say big boys are massively short US$ and ordinary traders are ...

Psych Levels, Pivots, and Trendlines - Resurrected

Have a look at the hourly chart I posted earlier to see where I start, seems to work well for UK session. Pivots are bands, some days work to the pip some days close as not all start at exactly the same time. These do work well for me though.

Psych Levels, Pivots, and Trendlines - Resurrected

We are still on a higher low on daily. Since the (almost) double bottom low of 11 March there have been several good 3 day retracements and then the move up continues. The low of 30 July looks quite important to me, if that fails then maybe $ ...

Psych Levels, Pivots, and Trendlines - Resurrected

Pivot indi for daily pivots (start times can be changed for your trading day UK-US etc), plus options for days open prev days high/low and some fibs based on y's range. I use pivots multi time frame for weekly monthly.

Psych Levels, Pivots, and Trendlines - Resurrected

Sorry a chart for that. No trades for me as yet Islander.

Psych Levels, Pivots, and Trendlines - Resurrected

600 pip drop in 3 days, we all know the trend is your friend but how much further can we go without some decent correction. For now we seem to be struggling at todays open and M pivot around 6475, I'll go with the flow but wouldn't be surprised to ...

Psych Levels, Pivots, and Trendlines - Resurrected

GU had dropped 400+ pips from its recent peak to 6610 and the minimal 40 odd pip bounce that followed on much lower volume suggested there was more downside to come (especially when the next hourly candle couldn't continue up and had a lower close). ...

Trade Using VSA (Volume Spread Analysis)

A friend emailed me and said these guys are also good url

Psych Levels, Pivots, and Trendlines - Resurrected