Another one..... — I wasn't on this one obviously, but it's another good example of tweezers at work......and look at the hammer just reaching down to touch the FE 161.8% level, before price starts retreating. Lovely.

Psych Levels, Pivots, and Trendlines - Resurrected

A belated good morning.... — Hi guys. I'm late in this morning due to other commitments, but I see there's been quite a bit of activity. I managed to grab this fib opportunity after seeing two sets of tweezer bottoms. I guess I should have ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hello bayoor.... — Bayoor, acumen is really being too kind. There are others on this thread who are a lot more clued in than I am, and I'm learning all the time from their charts. Pivot points, psych lines, trendlines and fibs. Those, and a ...

Psych Levels, Pivots, and Trendlines - Resurrected

Islander, I have the same thoughts as you regarding break-outs and the stop-hunters. I put patterns up on screen mainly for the benefit of anybody who fancies a potential break-out trade, but I very rarely bother. I have to say, mate, (it's ok to ...

Psych Levels, Pivots, and Trendlines - Resurrected

Which indicators are you referring to? Most of us on this thread don't use any indicators other than pivot points, psych-lines, trendlines and fibs. If these are what you're referring to, then I suggest you do a lot of googling and get down to some ...

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks for the indicator, Islander. Why do you have it set to GMT-5, if you're in Spain? Just wondering.

Psych Levels, Pivots, and Trendlines - Resurrected

It's reached down and touched the 1.7550 psych-line, fx1, and immediately shot back up to the 1.7580 psych-line. On MY chart, that is!

Psych Levels, Pivots, and Trendlines - Resurrected

Bearish flag pattern.... — I've been watching this for some time, and it's a great example of a bearish flag pattern. They appear in downtrends, and price breaks out southwards somewhere along the line. In this one, I particularly like the way ...

Psych Levels, Pivots, and Trendlines - Resurrected

That's forming an ascending triangle now, fx1.........

Psych Levels, Pivots, and Trendlines - Resurrected

Oooops!!! I do apologise, Happy!

Psych Levels, Pivots, and Trendlines - Resurrected

We all need trend lines, mate! If these help you to see the bigger picture, then that's fine. Also, I would advise you to put some pivot points and psych-lines on your chart. These will make it a lot easier for you to pin-point entries and exits. ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice little symmetrical triangle on eur/usd, folks. Worth watching......

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Happy............ — I don't blame you if you entered where I have marked number 1 on my chart. Initially, that showed that price was too weak to retrace fully before continuing with the trend. However, as soon as the next candle opened and ...

Psych Levels, Pivots, and Trendlines - Resurrected

Well done, emacro, and welcome to the thread, old friend. Hope you stay awhile!

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Happy.... — Did you enter this trade? I've just looked at it, and it's looking like it's about a 100 pip profit as I type this. A very nice fib opportunity.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi fx1..... — I would have replied sooner to this, but I was called away. I see by your chart that you don't seem to include the .20 and .80 psych lines. I've got into the habit of including them, mate, as price seems to react very strongly to ...

Psych Levels, Pivots, and Trendlines - Resurrected

You're right, mate. And look at the confluence of the 34ema, 76.4% fib-line and the .80 psych-line! A perfect turning point.

Psych Levels, Pivots, and Trendlines - Resurrected

Sod it! Let's make it a symmetrical triangle!! It's all fun and games on this thread!

Psych Levels, Pivots, and Trendlines - Resurrected

It's bounced right back up again! See what I mean about "confirmations"? Now it's headed back down, as I type this.

Psych Levels, Pivots, and Trendlines - Resurrected

Descending triangle................ — ...............forming on cable. My feeling is it'll break out to the south very soon. But that's just me. The base line is, or course, part of a strong confluence, so if price DOES drop through it, ...

Psych Levels, Pivots, and Trendlines - Resurrected