Which, on my chart, is the .20 psych-line. And which, I have to admit, I overlooked!

Psych Levels, Pivots, and Trendlines - Resurrected

You could be right, fx1. And an open below the 1.5350 psych-line would be a nice place to get in. Edit: It's tanking as we speak.......

Psych Levels, Pivots, and Trendlines - Resurrected

Ascending Triangle..... — Cable looks like it's forming an ascending triangle, which, it must be said, would be more promising in a bullish market, but let's see what happens.......

Psych Levels, Pivots, and Trendlines - Resurrected

Great trades, fx1. Nice to see you back, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice to see you back...... — Hi Ed, and thanks for stopping by, mate! Good to see you "applying the principles", and making a profit in the process! I had a look at the eur/usd thread and saw your name on there, mate, so I assumed that you'd ...

Psych Levels, Pivots, and Trendlines - Resurrected

Cable 5m..... — Another opportunity kicked off by the 13ema. It was just a matter of waiting for the right time to get in. The chart speaks for itself, really.

Psych Levels, Pivots, and Trendlines - Resurrected

The power of psych-lines..... — This looked like a nice opportunity on EU. After a doji (1) right on the psych-line, price dropped back to the confluence of the 13ema and the S1 line. A small harami candle followed (2) and I waited for entry ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good one, mate. I make that around 100 pips.

Psych Levels, Pivots, and Trendlines - Resurrected

Looking mighty good now, mate.....

Psych Levels, Pivots, and Trendlines - Resurrected

Nice idea, CC. An initial 20 pip candle after the TL break, but seems to be hovering around the mid-point now.

Psych Levels, Pivots, and Trendlines - Resurrected

Hallelujah, brother........

Psych Levels, Pivots, and Trendlines - Resurrected

Hi ChowClown..... — I use FXI Pivots, mate, and from what I can gather, there's no way you can customise them. However, they reset for the new day at midnight GMT here in the UK, if that's any help? Cheers.

Psych Levels, Pivots, and Trendlines - Resurrected

Trade details.... — For anybody who's interested, this is an example of the way I'm developing my trading method, and the tools I'm using. I took acumen's method and added one or two bits and pieces along the way.

Psych Levels, Pivots, and Trendlines - Resurrected

Another nice candle signal.... — Cable 15m. This candlestick is a Harami which developed right on the 13ema which demonstrated a strong resistance. Price subsequently dropped until a hammer formed which reached down to touch the upper ...

Psych Levels, Pivots, and Trendlines - Resurrected

Eur/usd 5m — This was happening at the same time, and is very similar to the last example. The difference is that this time, the piercing pattern was centred around the upper mid-point, with the same result as far as PA is concerned.

Psych Levels, Pivots, and Trendlines - Resurrected

Morning folks..... — Cable 5m. A nice bullish piercing pattern right on the S1 line led to an upward movement, which has, at present, stalled and is hovering around the lower mid-point line. Entry indicated by arrow. Not sure if this will end ...

Psych Levels, Pivots, and Trendlines - Resurrected

Eur/usd 5m...... — Well, it certainly reacted to the 1.3508 line, but I really didn't expect price to form such a strong marabozu candle. Predictably, 1.3475 has again halted price in its tracks, proving to be quite a strong support as price ...

Psych Levels, Pivots, and Trendlines - Resurrected

It's finally creeping up. Watch for some sort of reaction at the 1.3508 line.....(if it gets there!).

Psych Levels, Pivots, and Trendlines - Resurrected

If price can close then open above R1, then it should be all systems go northwards, IMO for what it's worth. R1 is proving to be a pretty tough cookie at present.

Psych Levels, Pivots, and Trendlines - Resurrected

Morning, folks..... — Interesting situation developing on eur/usd?

Psych Levels, Pivots, and Trendlines - Resurrected