Cheers, Islander..... — Many thanks, Islander, for being so helpful. It's always interesting and informative to see how others approach their trading, and you seem to have a good system perfectly nailed, so to speak. I have to agree with your ...

Psych Levels, Pivots, and Trendlines - Resurrected

Further to the recent cable chart... — Price has retraced again to the FE61.8% level, with a doji closing right on it. If price gets past the 0.50 psych-line and R1, I'll take it.......... Edit: In at 1.7561.... Edit: Looks like I got in too ...

Psych Levels, Pivots, and Trendlines - Resurrected

Very nice trades, Happy.

Psych Levels, Pivots, and Trendlines - Resurrected

A nice fib example.... — This fib opportunity on cable is a nice example of how fib expansions work. The retracement was weak, not quite reaching the 38.2% fib, and when that happens, the theory is that with such a weak retracement, a strong ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Vantage... — Many thanks indeed for the info re the 1m 34ema. No, I rarely look at the 1m chart, preferring to concentrate on 5m or 15m. It was just Islander's remark about "trading the 1m 34ema" that caught my interest. Thanks again, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

The eur/usd breakout earlier provided this opportunity. Entered at a point just above the high of the previous candle which closed above the psych-line. By the time price had struggled up to the proximity of the Pivot Point, I'd had enough and ...

Psych Levels, Pivots, and Trendlines - Resurrected

And for interest sake.... — A symmetrical triangle that broke to the upside just before the movement on eur/usd............

Psych Levels, Pivots, and Trendlines - Resurrected

This should be a bullish flag that's formed, but we'll wait and see what happens........ Edit: 10.30am....just broke to the upside....

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Islander............... — Hello mate. I'm intrigued by your comment re trading off the 1m 34ema. I wonder if you could enlarge on that a little, as I'm guessing you're doing a little scalping whilst waiting for a bigger move? Maybe show us ...

Psych Levels, Pivots, and Trendlines - Resurrected

Islander........nice charts and analysis, mate. Maybe see you tomorrow. TTFN.

Psych Levels, Pivots, and Trendlines - Resurrected

Just caught this nice opportunity on eur/usd. A really distinctive Dark Cloud Cover candle right on the 34ema led to an entry just under the low of the green candle preceding the DCC candle. The entry was also just under the 0.20 psych-line, but my ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Folks. — I've been a little busy this last few days, but I've managed to squeeze this one in this morning. I noticed the bullish piercing candle just above the psych-line, with the 34ema supplying a nice additional support line. I entered ...

Psych Levels, Pivots, and Trendlines - Resurrected

For a change... — Once again, a busy morning, but not trading, unfortunately. I've been watching the screen on and off, and for a change, eur/jpy, seeing as Islander seems to have some success with that pair. I didn't take advantage of this ...

Psych Levels, Pivots, and Trendlines - Resurrected

Out of curiosity, I just drew a fib from today's low to the latest high, and this is the result. The 76.4% line becomes part of a 3-way confluence, and as you can see, it seems to be providing some stubborn support after that nasty gap.

Psych Levels, Pivots, and Trendlines - Resurrected

Yep, looks like more bad news for our dear old pound. That's a hell of a gap.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice chart, Islander. Thanks for your time and trouble, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

I had this running as we were chatting. As you can see, rather than use the FE's, I've added some minus reading on which seem to work just as well. What d'you think?

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks, fx1..... — Many thanks, mate, for all that info. It seems simple enough, but I think I'll have a play around and see what happens. Whatever.....it certainly seems to have to done the business for YOU, mate! Thanks again.

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks, fx1..... — Many thanks, mate, for all that info. It seems simple enough, but I think I'll have a play around and see what happens. Whatever.....it certainly seems to have to done the business for YOU, mate! Thanks again.

Psych Levels, Pivots, and Trendlines - Resurrected

Thank you.... — Many thanks indeed, Islander, for all that valuable info. I've learned something regarding Fib Expansions there. I have to be honest and say that I didn't fully understand the Expansions, but now that you've explained how it ...

Psych Levels, Pivots, and Trendlines - Resurrected