Hi Islander.... — Just a query re your charts, mate. I notice you have Targets 1 and 2 indicated amongst your fib readings. Do you use the FE100% and FE161.8% for those? I know that fx1 doesn't use them, as he has his own method of using fibs, ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi fx1..... — Sorry I couldn't reply right away, mate. Had one or two minor domestic problems to sort out. Never a dull moment here, but I wish there were!! Didn't want you thinking I was ignoring you!

Psych Levels, Pivots, and Trendlines - Resurrected

My pleasure, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

An alternative....... — I'm just not taking notice of opportunities as they come along. I was so obsessed by the possible fib trade, I failed to notice how price was coming down after a Harami candle with a tweezer-top at a psych-line. The ...

Psych Levels, Pivots, and Trendlines - Resurrected

Price has stalled on a 3-way confluence. I'm just waiting to see if it starts rising, mate! Edit: Price dropping like a stone. Giving this one up as a bad job.

Psych Levels, Pivots, and Trendlines - Resurrected

....and this could be the start of another one! Let's see......

Psych Levels, Pivots, and Trendlines - Resurrected

Ongoing fib trade... — I'm not in this one, as after the ascending triangle breakout, it occured to me that perhaps this could be a nice fib pull back, but before I could take advantage, I had to attend to something else entirely divorced from ...

Psych Levels, Pivots, and Trendlines - Resurrected

Whooops! It's coming down.....

Psych Levels, Pivots, and Trendlines - Resurrected

This should be a bullish breakout, mate, but let's wait and see...... Edit: If this breaks up, I've got a .50 psych-line to cross followed by a mid-point (MR1).

Psych Levels, Pivots, and Trendlines - Resurrected

I was watching that one, mate, when it suddenly took off and left me totally grounded!!

Psych Levels, Pivots, and Trendlines - Resurrected

Fibs coming thick and fast.... — A cable fib trade resulting from the symmetrical triangle breakout previously.

Psych Levels, Pivots, and Trendlines - Resurrected

I wasn't on it, Happy, as I was involved with the eur/usd fib trade I described earlier. It was just curiosity on my part, watching whether or not it would actually break southwards from the triangle.

Psych Levels, Pivots, and Trendlines - Resurrected

Eur/usd fib trade..... — This was a nice opportunity for the sharp-eyed! Of which I'm usually not!! I particularly liked how the price formed a doji at the top of the Trade Continuance and just nudged the FE138.2% expansion line.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice to see price doing what you most expect it to! A symmetrical triangle is a continuance pattern, so in this case, a downward movement would be the way to go.

Psych Levels, Pivots, and Trendlines - Resurrected

A familiar pattern on cable......

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Happy..... — It doesn't look to me as if you made a mistake. Sometimes the reasons for a failed trade are obvious, but this looks like a perfectly legitimate fib entry to me. Sometimes, for reasons unknown, the trade just doesn't come off. ...

Psych Levels, Pivots, and Trendlines - Resurrected

See you tomorrow, Happy. Take care.

Psych Levels, Pivots, and Trendlines - Resurrected

Great minds think alike..... — Just completed the same trade, mate. And it's still heading up!

Psych Levels, Pivots, and Trendlines - Resurrected

No, I didn't take it either, Happy. I was to preoccupied with what was happening with a fib trade on eur/usd.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice fib trade, Happy. Maybe I should keep an eye on the EJ!

Psych Levels, Pivots, and Trendlines - Resurrected