Whilst I was busy..... — .....this happened on cable. A firm break northwards from the rising wedge.

Psych Levels, Pivots, and Trendlines - Resurrected

Fibs.... — In a nice fib trade on eur/usd at the moment. Just seeing if it will make Target 2 at FE100%. Edit: Hit Target 2 and heading for Target 3..... Edit: No, it's not! I've just jumped ship for about 25 pips.

Psych Levels, Pivots, and Trendlines - Resurrected

5 pips is 5 pips, mate. Latest picture I have is back on 5m, and it's definitely a rising wedge.

Psych Levels, Pivots, and Trendlines - Resurrected

Fx1, have a look at the candles in that ascending wedge I posted. Look at the length of the shadows. A lot of indecision in there, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

Or an ascending wedge.......

Psych Levels, Pivots, and Trendlines - Resurrected

On 15m, it looks like an ascending triangle, fx1.....

Psych Levels, Pivots, and Trendlines - Resurrected

Roughly 1.3600 - 1.3550. Broke down to 1.3520, but it's now retraced up to 1.3550 again.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trades, folks.......looks like eur/usd is breaking downwards from a range.

Psych Levels, Pivots, and Trendlines - Resurrected

Still a descending triangle, fx1. Just a bit larger, that's all!

Psych Levels, Pivots, and Trendlines - Resurrected

Morning, folks..... — Lovely trade, Happy. Well done! Fx1, I see a descending triangle right now on cable, mate, breaking to the upside.....

Psych Levels, Pivots, and Trendlines - Resurrected

Hi mlawren.... — I said in the post that I was late into the thread this morning because of domestic commitments. Therefore, I never saw the potential trade you mentioned. However, I've been back and looked at it, and I wouldn't have drawn ...

Psych Levels, Pivots, and Trendlines - Resurrected

Yeah, at present it's nudging the S2/1.7420 psych-line confluence....... Hold the phone!! It's just plunged through 1.7350!

Psych Levels, Pivots, and Trendlines - Resurrected

Fx1, a symmetrical triangle setting up........ Worth watching?

Psych Levels, Pivots, and Trendlines - Resurrected

I didn't realise, but price came to a halt at the 0.80 psych-line, fx1! Remember what I told you about those lines? Price had fallen so rapidly, I hadn't got those lines drawn!

Psych Levels, Pivots, and Trendlines - Resurrected

You're right, mate. Just now, though, it seems to be forming some sort of base after a shadow touched the 1.7350 line.

Psych Levels, Pivots, and Trendlines - Resurrected

Absolutely right, Happy. You've found a way of compensating for your slow reaction, and in a very effective way, too! Keep it up!

Psych Levels, Pivots, and Trendlines - Resurrected

On this one, I like how price slams into the brick wall that is the confluence of the 34ema and the 76.4% fib line, and immediately starts heading south. A nice trade, but I think I got out a little early. Got nervous at the rapid approach of the FE ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Happy... — And I'm not surprised! A very nice trade with the shooting star right on the confluence. Well spotted! What I'd call unorthodox, but very effective. Nice one, Happy.

Psych Levels, Pivots, and Trendlines - Resurrected

Price is breaking above the 34ema now, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi fx1...... — Yep, a good one, mate. Fib opportunities are plentiful if one takes the trouble to look for them. Plus, if you combine the construction of fibs with candlestick patterns at crucial points, it can make all the difference between ...

Psych Levels, Pivots, and Trendlines - Resurrected