17 trades! A really good day, mate. I had 7 trades, and ended up with around 50 pips or so. Days like that make it all worth while, but even on flat days there can be one or two opportunities popping up. Seems like you're doing ok, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

That's the secret, CC. Don't be too greedy. Set yourself realistic targets. 10, 15, 20 pips.......they all add up to a healthy profit, if you can do it 3 or 4 times during the day. Plus, of course, there's the occasional bonus of being able to let ...

Psych Levels, Pivots, and Trendlines - Resurrected

It's a pleasure, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

Another example.... — This is from swissy this morning. A retracement down to the 38.2% line, which happens to form part of a confluence with a psych-line and a mid-point. Again, wait until all lines are safely cleared, then enter, with a ...

Psych Levels, Pivots, and Trendlines - Resurrected

Morning, folks... — Just been reading the posts between fx1 and chowclown. Some good charts there, fx1. Chowclown, I see you're a bit "iffy" about where to enter a fib trade after a retracement. Sometimes, it can be so straightforward. If it ...

Psych Levels, Pivots, and Trendlines - Resurrected

Got in at 1.0929 and jumped ship at 1.0909.

Psych Levels, Pivots, and Trendlines - Resurrected

...........and just retraced to the 0.50 psych-line. Interesting.

Psych Levels, Pivots, and Trendlines - Resurrected

Possible opportunity on swissy.. — Could this be a trade if it breaks the TL and the 38.2% fib? Let's see how it goes......

Psych Levels, Pivots, and Trendlines - Resurrected

Wow! You sure said a mouthful there, mate!! I'll have to remember that. Thanks very much.

Psych Levels, Pivots, and Trendlines - Resurrected

Alternatively, it could be one of these.......

Psych Levels, Pivots, and Trendlines - Resurrected

Yes, I agree, fx1, and as it has proved recently, that confluence has a lot of strength to it. Should be interesting to see how price handles it.

Psych Levels, Pivots, and Trendlines - Resurrected

An interesting candlestick reversal pattern... — Here's a reversal pattern know as a "dark cloud cover". It's made up of four candles. Candle 1 opens just above the previous candle's close. Candles 2, 3 and 4 complete the pattern, because all ...

Psych Levels, Pivots, and Trendlines - Resurrected

Yep, a really impressive "dark cloud cover". Looks like we got in out of the rain!!!

Psych Levels, Pivots, and Trendlines - Resurrected

.....and jumped ship at 1.8238. Edit: A bit premature, I know, but I always figure that 20 pips is always a reasonable target.

Psych Levels, Pivots, and Trendlines - Resurrected

I'm in at 1.8218......

Psych Levels, Pivots, and Trendlines - Resurrected

Opened above the psych-line and testing resistance again.

Psych Levels, Pivots, and Trendlines - Resurrected

Pushing through................

Psych Levels, Pivots, and Trendlines - Resurrected

It's testing that resistance now, as we speak!

Psych Levels, Pivots, and Trendlines - Resurrected

I've got a dragon-fly doji on my chart, mate, and so far, the psych-line at 1.8200 has been tested 5 times! This all goes to prove that it's sensible to have a clear entry point, and if price doesn't oblige, then one just doesn't trade. In this ...

Psych Levels, Pivots, and Trendlines - Resurrected

You could be right, fx1.... — On my chart, there's a 10 pip confluence of mid-point/fib-line/psych-line, and it's proving to be a very stubborn resistance. If it bursts through that, then there could be no stopping it! However, don't hold your ...

Psych Levels, Pivots, and Trendlines - Resurrected