The main Pivot Point, my man!!

Psych Levels, Pivots, and Trendlines - Resurrected

First trade of the day.... — A nice entry on eur/usd just above the dotted blue resistance line, and exit at the target psych-line 1.4750.

Psych Levels, Pivots, and Trendlines - Resurrected

Just for interest sake.... — If anyone out there wants to learn more regarding Chart Patterns, have a look here: url It concentrates more on Stocks and Commodities, but the principles are just the same. Happy trading!

Psych Levels, Pivots, and Trendlines - Resurrected

Does that mean we'll see more of you in future, mate?

Psych Levels, Pivots, and Trendlines - Resurrected

If this comes below the psych-line and forms a dark cloud cover, it'll be well worth some consideration..... Edit: Oh well, just an idea. I got DCC but it decided to reverse again and it's heading north at a rate of knots as I type this.

Psych Levels, Pivots, and Trendlines - Resurrected

Out at +2, mate. It didn't half do some jumping around. It's going down again, but sod it.

Psych Levels, Pivots, and Trendlines - Resurrected

On its way down now, mate, with what looks like a bearish engulfing candle. EDIT: Its initial retracement was rather high, though. EDIT: I'm in at 1.8411......

Psych Levels, Pivots, and Trendlines - Resurrected

Another pattern..... — This time, a symmetrical triangle on cable. This pattern is typically a trade continuance indicator, and that's how it's turned out, although there's some very indecisive candles there.......

Psych Levels, Pivots, and Trendlines - Resurrected

A bull flag... — A nice example of a bull flag. The two psych-lines with R1 in the middle might have caused some problems, but price just bullied its way through! (It's fx1 who's got me looking for these patterns! )

Psych Levels, Pivots, and Trendlines - Resurrected

Morning, Ed............ — Good question, mate, and once again, we enter the realms of "trader discretion". My PivotPoint is at 1.4371, the 38.2% fib is at 1.4364, and, of course, the psych-line is at 1.4350, all forming a confluence 21 pips ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Jim.... — I'm assuming that you're using MT4, Jim? If so, I have an idea that you have too many custom indicators in your list. This happened to me some time ago, and it was very frustrating until I found out that I had to drastically prune ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Ed. — You're too kind, mate. I'm just happy to help out in any way I can. I'm delighted that you managed 60+ pips today, Ed. You're right, it was a good day for trading, and in between running around, I managed some pips as well. By the ...

Psych Levels, Pivots, and Trendlines - Resurrected

Aw, shucks......

Psych Levels, Pivots, and Trendlines - Resurrected

Lovely trade, fx1. And like all our trades on here, not an indicator in sight, other than lines and TL's. Says it all, really.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice one, fx1. Wonder if anyone thought to take advantage of these patterns this morning? Not a fib in sight! Edit: The spinning top touching 1.4261 could also be part of a bearish engulfing pattern, if you look at the following candle.

Psych Levels, Pivots, and Trendlines - Resurrected

Watching a possible fib trade coming up on eur/usd. Edit: It's retraced to 61.8%. Watching for a TC now. Edit: On reflection, don't think I'll bother. Gone through 61.8%, plus S1 is running between 50.0% and 38.2%. Good one to stay out of.

Psych Levels, Pivots, and Trendlines - Resurrected

Very nice, me old mate. That's taught ME a lesson. By the way, at the same time, this was happening on eur/usd:

Psych Levels, Pivots, and Trendlines - Resurrected

Yeah, I know. And look at price GO!!! I should have stayed on board.

Psych Levels, Pivots, and Trendlines - Resurrected

Hey fx1. I just clinched 15 pips from the fib retracement just before that one!

Psych Levels, Pivots, and Trendlines - Resurrected

Hi fx1... — Seems like you're a bit sharper than me at spotting these patterns, mate. I do spot the odd one, but a lot escape me. Must try harder! Sometimes one can't see the wood for the trees! Cheers.

Psych Levels, Pivots, and Trendlines - Resurrected