Breakouts all over the place!! — This one from a symmetrical triangle on eur/usd. Entry was delayed until price had managed to breach the confluence of the xx.20 psych-line and the pivot midpoint. Exit was taken after price started retreating ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi F007...... — My SL was placed just under the 34ema, mate.....about 25 pips away from entry. Yes, it's always tempting to jump on board earlier, but in this game, one has to learn patience, which I think is the hardest lesson of all.

Psych Levels, Pivots, and Trendlines - Resurrected

Two more breakouts...... — Both cable and eur/usd provided these breakouts. Cable was a TL breakout, which I took, whilst the eur/usd was a range breakout. Pretty straightforward entries and exits.

Psych Levels, Pivots, and Trendlines - Resurrected

Breakout trade on cable..... — Morning, folks, and nice to see you back, Islander! Nice charts, mate, and that histogram looks useful. This is a simple TL breakout trade, but with a very conservative entry. As you can see, price broke through ...

Psych Levels, Pivots, and Trendlines - Resurrected

Cable again.... — I didn't really expect much out of this one, seeing as the 34ema was flattening out, and price had been "walking" along the xx.80 psych-line. It was only after seeing the bullish piercing pattern that I thought it might be ...

Psych Levels, Pivots, and Trendlines - Resurrected

5m cable pull-back trade..... — Price retreated from the 1.5000 psych-line after a prolonged march upwards, and settled nicely on the 13ema line and forming a harami candle, before resuming its march northwards. Entry and exit as indicated.

Psych Levels, Pivots, and Trendlines - Resurrected

Morning, folks..... — A symmetrical triangle breakout on cable. Entry just above the high of the breakout candle, and exit around the R1 line as price started to retreat. Forex007, many thanks for your reply to my query, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

Psych-levels and Pivots are now permanent fixtures on my charts, mate. I trade both 5m and 15m and check 1H for direction purposes. As can be seen by my past charts, I use TL's and Fibs as and when I feel they'll be needed. However, I have to admit ...

Psych Levels, Pivots, and Trendlines - Resurrected

Yes, I'm with you there, although I sometimes see charts posted that have so much information on them, I'd find it difficult to sort out the wheat from the chaff, so to speak. Still, the traders concerned obviously know what they're doing, so that's ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi V.... — Shame about the missed trades, mate. Hope all's well health-wise?

Psych Levels, Pivots, and Trendlines - Resurrected

Hi F007... — Yes, I took notice of the MA's and the RSI, mate, and I believe the appropriate expression here is: "Whatever floats your boat!" As you've correctly gathered, I'm not one for putting too much on the chart, but I would never ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi CC — I know what you mean, mate. Sometimes, when things are a bit slow, it can test anyone's patience to the point where common-sense flies out of the window. I guess most of us are guilty of that from time to time, so don't feel too bad ...

Psych Levels, Pivots, and Trendlines - Resurrected

Cable again..... — Another very simple trade on cable, stemming from yet another Shooting Star. An entry just under the low of the SS, and an exit right on the xx.20 psych-line, because this is also the S1 line, and has proved a strong support ...

Psych Levels, Pivots, and Trendlines - Resurrected

Another opportunity.... — This is another one on cable, following on from a retracement after the previous post. Another Shooting Star candle formed, with an entry just under its low on the confirming candle. Again, I bailed out with 30 pips ...

Psych Levels, Pivots, and Trendlines - Resurrected

Morning, folks...... — Been dead on here for a couple of days, so I thought I'd offer this one to see if anyone else is interested. The doji/shooting star formed on the xx.80 psych-line, just under the 34ema. The next candle failed to confirm ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good morning, folks...... — Some nice charts as usual from fx1, who's busily trading whilst us folks in the UK are snoring!! Nice ones, mate! This is a fib trade just completed on cable. Pretty straightforward. A retracement to the 50% fib, ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trades as always, fx1. See you tomorrow, mate. Cheers

Psych Levels, Pivots, and Trendlines - Resurrected

If price is moving well, I'll stick with it. However, if it looks like stalling, for whatever reason, and it's between 15-20 pips, I'll jump ship. As far as I'm concerned, that's a nice hit, and I then wait for the next opportunity. I guess I'm a ...

Psych Levels, Pivots, and Trendlines - Resurrected

I'm in at 1.4921.......and out at 1.437

Psych Levels, Pivots, and Trendlines - Resurrected