A 24-HOUR SHIFT ??????? — My God, Ed, they really want their pound of flesh out of you, mate! Yes, been a good day so far.......it's nice when it gets a bit more volatile. I'm really liking this acumen thing, Ed. Lots of different types ...

Psych Levels, Pivots, and Trendlines - Resurrected

A nice quick opportunity.... — This one wasn't a fib thing, but rather resulted from a very plain candlestick reversal pattern. Tweezer-Bottoms started it, and I entered just above the psych-line 1.4650, but then hastily jumped ship when I saw ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good one, mate. Been some good price movement this morning! I just love it when fib opportunities come along one after the other.

Psych Levels, Pivots, and Trendlines - Resurrected

...and this is how cable (which I decided against) is turning out as I type this....... Edit: Multiple trades just aren't my thing, so it was either one or the other!

Psych Levels, Pivots, and Trendlines - Resurrected

Decided against the cable, and plumped for the eurusd opportunity instead. I got out when I did due to the double-line confluence at 1.4700/1.4798. Edit: True to form, it dropped like a stone just after I got out. Story of my life........

Psych Levels, Pivots, and Trendlines - Resurrected

Watching how this one develops now, fx1. A confluence of FOUR lines between 1.8595 and 1.8602 on my chart..........

Psych Levels, Pivots, and Trendlines - Resurrected

Great minds think alike, mate!!

Psych Levels, Pivots, and Trendlines - Resurrected

Here's the right one..... (hopefully!)

Psych Levels, Pivots, and Trendlines - Resurrected

Hi fx1.... — Coincidence, or what? I was watching this one, and jumped in and out as indicated. As you can see, price nearly reached the FE 61.8%, but the nearby confluence proved too strong, and as it started retreating, I jumped ship. Not a ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Ed.... — If you switch to the H1 chart, and zoom out a bit, it looks like a flag pattern in an uptrend. Meaning, of course, that it could break upwards at any time!! My opinion only, mate!

Psych Levels, Pivots, and Trendlines - Resurrected

Watching this fib retracement right now to see if price heads north and breaches the 1.8580 psych-line/38.2% fib line confluence. Edit: Apparently, cable makes a habit of retracing to the 76.4% fib level, and this time it's also spot on the ...

Psych Levels, Pivots, and Trendlines - Resurrected

The strength of a confluence... — This is a good example of how strong confluences really are. A combination of a psych-line, trendline and pivot line, combined to send price back up again after a decent drop. Also worth noting is the initial ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Trader — If you go to this website: url you'll find a lot of good information on how to use fibonacci numbers. I take it that your second question is about a book? If so, I can't comment, because I haven't read it. Maybe one of the other ...

Psych Levels, Pivots, and Trendlines - Resurrected

Take care, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

The fib opportunity on eur/usd got me 20 pips, which, for me, is always a good target to achieve.

Psych Levels, Pivots, and Trendlines - Resurrected

Isn't it just? However, the important thing is that you can go back and RECOGNISE the significant areas of potential, wouldn't you agree? It SHOULD give you a sharper eye for the next opportunity that comes along. We seem to have a trade forming now ...

Psych Levels, Pivots, and Trendlines - Resurrected

I missed this.... — I really must get a grip! I should have expected a move south after those tweezer tops, which I completely failed to notice. Must be getting old.

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks for that, pal. I was just wondering. Looks like it's doing a little consolidating now. I've a feeling it'll start heading north again before long....especially if it manages an open/close above the .20 line. Edit:.........but there again, I ...

Psych Levels, Pivots, and Trendlines - Resurrected

Seems to be bouncing along the midpoint line at the moment, mate. Price has just risen by around 130 pips. Are you looking for it to start coming down soon? What sort of target would you be aiming for, mate? Hope you don't mind me asking.

Psych Levels, Pivots, and Trendlines - Resurrected

A swift one.... — Just nabbed 10 pips on eur/usd just under a main psych-line. I was in a little later than I would have liked.....I was a bit slow reacting to the morning star.

Psych Levels, Pivots, and Trendlines - Resurrected