Thanks for your insight, fx1. It's always good to know what others are thinking, as it can only benefit one in the end. I see there's been another pull-back from the 1.6120 psych-line, with a bullish piercing pattern, resulting in a 150 pip rise so ...

Psych Levels, Pivots, and Trendlines - Resurrected

Fx1, this is the 15m chart as I saw it. Take a note of the bearish engulfing candle, and the two ema's. Obviously I didn't see this at the time, but looking back, if you'd seen the direction of the 2 ema's, and how the engulfing candle closed below ...

Psych Levels, Pivots, and Trendlines - Resurrected

Well done, mate. See my chart below.....two trading opportunities as a result of two dark cloud covers! I totally missed them, but there again, I've been a bit distracted this morning, unfortunately.

Psych Levels, Pivots, and Trendlines - Resurrected

Sorry, mate, I was busy elsewhere so I couldn't check this out right then. However, it's a flag right enough, but it seems to be breaking northwards, sitting at 1.2762 as I type this. Edit: Ooooops!!! Checking wrong chart out! Yes, cable looks as if ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi fx1........... — Great trade, mate, and well spotted regarding the little pennant! I bet you wish you'd let the trade run! What a drop all the way to 1.6126!!

Psych Levels, Pivots, and Trendlines - Resurrected

Two very late ones...... — Hi folks. It looks as if this is going to be a bit of a regular thing.......trading as and when I can manage it, due to my care-giver duties. So here's two nice trades that I managed to spot a little earlier. I ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi folks............ — Had a busy morning, so not been able to do much except glance at the screen once or twice in passing. I see fx1 and Islander have been doing nicely today......great trades, guys. This one I'm posting now is a trade just ...

Psych Levels, Pivots, and Trendlines - Resurrected

Just out of that one, fx1..... — I didn't see it as a descending triangle. The two spinning tops and then a strong bullish candle made the decision for me. I just waited to see if it would go above the previous high, and then I entered. It's ...

Psych Levels, Pivots, and Trendlines - Resurrected

5m eur/usd.... — This trade was taken after price had dawdled along the confluence formed by a psych-line and the main Pivot line. It was a question of waiting for price to drop below the small green support line before entering the trade. TP ...

Psych Levels, Pivots, and Trendlines - Resurrected

Cable triangle breakout..... — Here's a nice breakout from a symmetrical triangle on Cable. I needed to wait until price dropped below the 0.80 psych-line before entering the trade. My TP target was the 0.50 psych-line, but price just kept ...

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks, Vantage... — Many thanks for that, Vantage. Never really looked at TD TL's before, but as you say, Islander seems to do very well with them. Thanks again.

Psych Levels, Pivots, and Trendlines - Resurrected

Didn't you mention that you're leaning towards LT trading, Ed? If that's the case, then the EUR/USD thread would surely be the place to be, seeing as us folks over here seem to be more or less concentrating on 5m and 15m charts. However, it's always ...

Psych Levels, Pivots, and Trendlines - Resurrected

Fx1, I think between us we might have just thoroughly confused our friend Ed!!

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Ed. — Is the triangle on my chart the sort of thing you mean, Ed? If so, yes, it's a descending triangle, which is generally considered to be bearish, usually found in downtrends. This particular one has formed just after an uptrend has ...

Psych Levels, Pivots, and Trendlines - Resurrected

Morning, folks........ — Nice trade, mate, and I'm glad you're sitting up and taking notice!

Psych Levels, Pivots, and Trendlines - Resurrected

Patience pays off...... — I would have posted this an hour ago, but got called away from the computer. I'm glad I decided to keep monitoring the situation, as it produced these two nice trades, after price seemed to be going nowhere. I'm using ...

Psych Levels, Pivots, and Trendlines - Resurrected

Well done, mate. SYT

Psych Levels, Pivots, and Trendlines - Resurrected

Bounced off the S1 line, fx1, and at present, seems to be re-testing support on it.

Psych Levels, Pivots, and Trendlines - Resurrected

Now it's a bearish flag!! We should expect a break downwards, but it seems as if anything goes just lately.....................

Psych Levels, Pivots, and Trendlines - Resurrected

You've got sharp eyes, fx1. Lovely trade.

Psych Levels, Pivots, and Trendlines - Resurrected