Hi Spice..... — Which one are you? I hope Baby, 'cos she was a cracker!! My apologies. Got a bit carried away there! If you're using MT4 for your charts, then the fib retracements and expansions are already built into the system. ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Ed.... — If you mean eur/usd and gbp/usd, then yes, I think they do tend to run together with minor fluctuations between the two. I could be wrong, of course (it HAS been known! ), but they certainly seem to.

Psych Levels, Pivots, and Trendlines - Resurrected

Bit of a mystery.... — Wondering if cable will fall any further today? After price peaked at 4.15am, it's since dropped around 400 pips. The news wasn't good for the pound, which now seems to be consolidating slightly at the 1.7600 psych line. ...

Psych Levels, Pivots, and Trendlines - Resurrected

Your sell has just been triggered, has it not? Not sure of the exact level of your sell-stop, but price has broken the TL from Friday, mate, and is headed south. Good luck.

Psych Levels, Pivots, and Trendlines - Resurrected

Another nice one..... — I wasn't in this one, fx1, but I was watching it. I just love how these ABCD patterns keep appearing. Pure money-makers!

Psych Levels, Pivots, and Trendlines - Resurrected

Oh, THAT gap! Yeah, I noticed that last night, just before I went to bed. Sorry mate, I'd forgotten all about it. I'm just not a morning person!

Psych Levels, Pivots, and Trendlines - Resurrected

Hello mate. What gap?

Psych Levels, Pivots, and Trendlines - Resurrected

A nice fib-based trade.... — I like these type of trades. They demonstrate the power of confluences so well. For instance, the fib retracement hit the 50% line ("1"), which formed part of a confluence with R1, and the 61.8% fib/0.50 psych-line ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice one, fx1.. — Looks like you were profiting whilst all us sleepy-heads were in dreamland! Just looked at cable and it went all the way down past the fibonacci extension FE 300% to R1. Quite a drop. Well done, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

Hope you did, mate. Price standing at 1.7719 and rising!

Psych Levels, Pivots, and Trendlines - Resurrected

Your prediction was very close, mate. My FE138.2 was at 1.7686. Price went just shy of that, then dropped like a stone.

Psych Levels, Pivots, and Trendlines - Resurrected

Spinning-top reversal and a strong candle down, mate. Time will tell. Edit: 2 minutes after, and an equally strong candle back up again. Hope you managed to jump ship, fx1?

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Ed.. — Ed, you can discount those dojis and haramis. The market is moving sideways at that period, and all that those candles are showing is a lot of indecision. So, what we'd be looking for is a break-out from that range, and that's why ...

Psych Levels, Pivots, and Trendlines - Resurrected

Great trades, guys. It seems to have been one of those days we'd all like to see more often!

Psych Levels, Pivots, and Trendlines - Resurrected

I took this trade because of the bullish piercing pattern. Still in it, so let's see how far it goes. TP at the next fib point. EDIT: Yep, pushed through it just a minute later at 1.4490, and that's good enough. (Went against the rules a bit, but ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good trade, fx1....... Good job you got out when you did. A big bull candle came along after that, with a really long upper shadow! Nice one.

Psych Levels, Pivots, and Trendlines - Resurrected

[quote=Islander;2199845] Nice trades, Islander. What sort of spreads are you getting on DAX, or any other indices?

Psych Levels, Pivots, and Trendlines - Resurrected

Fancy joining in then? After all, Ed's practically a neighbour of yours!

Psych Levels, Pivots, and Trendlines - Resurrected

I've sent you a PM.

Psych Levels, Pivots, and Trendlines - Resurrected

Sorry.... — Sorry, mate, I meant to answer that question before. It's about a 170 mile drive from here to Chester, mate. As the crow flies, it's probably around 100 miles. (Assuming the crow's not pissed, of course!)

Psych Levels, Pivots, and Trendlines - Resurrected