A possible? — Might be worth keeping an eye on this one. If it comes back up and crosses the psych-line 1.8200, then it'll be a trade.

Psych Levels, Pivots, and Trendlines - Resurrected

Hey Ed... — Some nice charts yesterday, mate, and it was good to see someone actually posting stuff. I was monitoring, but didn't really have a lot of time to get involved, unfortunately. That long candle you pin-pointed is called a "Marubozu" ...

Psych Levels, Pivots, and Trendlines - Resurrected

A good fib trade.... — This is a good fib example, and took about half-an-hour. Everything's clearly marked, including my entry and exit points. I originally intended to go for the 3rd Target, but decided that discretion was the better part of ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Ed.... — Hello, mate. Not looking too good at the moment......price rising again.

Psych Levels, Pivots, and Trendlines - Resurrected

Morning, folks...... — I've not had time to settle down since I got up, hence the late posting of this opportunity this morning. Immediately I put the trade on, I was involved in domestic requirements that couldn't be postponed. Anyway, the ...

Psych Levels, Pivots, and Trendlines - Resurrected

An update..... — Just an update at what's been happening since I posted the last eurusd chart. Price retraced again all the way from the 0.0% line back to the 50.0% line, before taking off northwards again after a harami reversal signal. This ...

Psych Levels, Pivots, and Trendlines - Resurrected

By contrast...... — This is a similar situation on the gbpusd chart. Price retraced to just short of the 50.0% line, and then continued north (with a brief pull-back to the 0.0% line) to just short of the FE 138.2% line, where a harami ...

Psych Levels, Pivots, and Trendlines - Resurrected

Same chart, different view.... — Just out of idle curiosity, I've drawn some fib lines to see what's happening in the fib world. I like how the retracement reaches down to touch the 61.8% level and then closes on the 50.0% line. Price ...

Psych Levels, Pivots, and Trendlines - Resurrected

Two nice reversal signals.... — Eurusd again. Two good reversal signals on the 5m eurusd chart. Looks like I was wrong regarding a consolidation, though, although 1.4150 could well be a consolidation area now.

Psych Levels, Pivots, and Trendlines - Resurrected

Is this it? — Has eurusd finally found a base? Is this a reversal? Again, wait and see, but IMO I think that, rather than a reversal, some time will be spent in consolidation after such a big drop. There again, who knows?

Psych Levels, Pivots, and Trendlines - Resurrected

Hi guys... — Looks like there's no stopping them. Down and down they go. I thought there might have been at least a pull-back to the Pivot lines, but price just breezed straight down! .................and still going down!

Psych Levels, Pivots, and Trendlines - Resurrected

What next...? — It's took around 5 hours, but eurusd has managed to plunge by 300 pips. Price is now hovering above the Pivot Point, which forms a confluence with a 0.50 psych-line. What happens next? Stay tuned.......

Psych Levels, Pivots, and Trendlines - Resurrected

Morning, folks... — A nice little opportunity almost as soon as I sat down at the screen. Again, no fibs involved; just a small TL and then watching PA and waiting for the right moment.

Psych Levels, Pivots, and Trendlines - Resurrected

Very nice, matsf...... — You can't get much simpler than that, mate. Superb! Cheers

Psych Levels, Pivots, and Trendlines - Resurrected

Nice one! EDIT: Gotta go, mate. Things to do, places to go, people to see.... Have a great weekend, mate, and the same to all our readers!

Psych Levels, Pivots, and Trendlines - Resurrected

According to me, price didn't reach 7688. Typo? EDIT: I hope you jumped ship in time, fx1 !

Psych Levels, Pivots, and Trendlines - Resurrected

The way it looks to me at the moment.... — Fx1, this is how I see it now. Price retraced to the 50% fib/R1-R2 Midpoint confluence and is now heading south. Looks good for an entry below 38.2% somewhere.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice examples, fx1.... — ....and great analysis, too!

Psych Levels, Pivots, and Trendlines - Resurrected

Absolutely right..... — I must be getting old, mate. It's a wonder I know what DAY it is half the time! Thanks for pointing that out, fx1. Cheers for now, to you and Ed.

Psych Levels, Pivots, and Trendlines - Resurrected

Back to basics...... — We seem to have got into the "fib" habit just lately, so I thought it would be good to point out that we can spot opportunities with the Pivot Points as well, which is what acumen originally intended. In this example, ...

Psych Levels, Pivots, and Trendlines - Resurrected