Morning, guys..... — Where've you been, fx1? And welcome to everbody else just joining the thread. Hey, lots of activity this morning! Just thought I'd submit this pattern, and see where it goes. It's a bearish flag pattern, but let's where it ...

Psych Levels, Pivots, and Trendlines - Resurrected

Following on...... — This is a follow-on from the cable chart above. Another fib trade right after the first one. There are those who say that fibs, pivots etc. don't work, which means that it's all a random sort of thing and any profit ...

Psych Levels, Pivots, and Trendlines - Resurrected

Fib trade on cable..... — This was a nice trade on cable just now.....although the spike up gave me a bad few minutes before it dropped again! Seems like I got out at the right time, as some "railroad tracks" have formed, indicating a ...

Psych Levels, Pivots, and Trendlines - Resurrected

Very sensible.

Psych Levels, Pivots, and Trendlines - Resurrected

ChowClown, glad to see you didn't lose out. I read somewhere else in FF that in a 5m chart, if you're not seeing any movement (or very little) within 6 candles of placing the trade, then it's probably best to jump ship. Seems to work pretty well, ...

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks for the TL indicator, mate. What kind of alert does it give?

Psych Levels, Pivots, and Trendlines - Resurrected

I was in at 1.4142 before the pull-back. A nice drop to the 0.20 psych-line would be just the job now! Edit: It's sticking like glue to the 34ema at present. Edit: I wasn't happy with it, so jumped ship at -2pips.

Psych Levels, Pivots, and Trendlines - Resurrected

I'm waiting for the 0.50 level AND the 34ema to be breached.......

Psych Levels, Pivots, and Trendlines - Resurrected

eur/usd rising wedge....looks like price is breaking to the downside.......

Psych Levels, Pivots, and Trendlines - Resurrected

A rising wedge..... — This time on the eur/usd chart. Worth watching?

Psych Levels, Pivots, and Trendlines - Resurrected

Basically, yes. In a situation like this one, the red candle didn't signify that there was a break-out in the offing. So I waited to see what the next candle would bring, and for me, it gave confirmation that the break-out was "on".

Psych Levels, Pivots, and Trendlines - Resurrected

Sorry, meant to put the chart up in last post.......

Psych Levels, Pivots, and Trendlines - Resurrected

Price broke out upwards from the falling wedge in the above chart. I entered at 1.7827 and jumped ship at my target, the psych-line 1.7850.

Psych Levels, Pivots, and Trendlines - Resurrected

Morning, folks....... — Islander, some great charts this morning, mate! Truly appreciated. I wonder if you can give me some info with regard to "alarmed trendlines"? This is the 5m cable looking as if it's entered a falling wedge....... Time ...

Psych Levels, Pivots, and Trendlines - Resurrected

The very best of luck, mate. I think it'll be sooner than that!

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks, mate.... — Thanks very much, matsf.....it makes it all worthwhile. Actually, you surprised me, as I thought that you were a big fan of just trading off the psych-lines. Actually, acumen did me a big, big favour by resurrecting this ...

Psych Levels, Pivots, and Trendlines - Resurrected

I wish I'd seen this pattern forming..... — What a trade this would have been. A rather steep rising wedge saw price break out through to the downside, and as I type this, it's approaching a 100 pip profit!! Or, rather, it would have been, if ...

Psych Levels, Pivots, and Trendlines - Resurrected

An example from a 1 minute chart.... — I just thought I'd show anyone out there interested in learning more about fibonacci methods, that it's perfectly possible to see fib chances even on 1 minute charts. I didn't take this one as I was busy ...

Psych Levels, Pivots, and Trendlines - Resurrected

I'll look forward to it, mate.

Psych Levels, Pivots, and Trendlines - Resurrected