Another opportunity..... — Again, on Cable. A harami candle between the psych line and the mid-point line. My entry is 1.8457 (the top of the harami upper shadow). Edit: Exit: 1.8467 +8 pips.

Psych Levels, Pivots, and Trendlines - Resurrected

No probs,mate..... — Happy to help, my friend. That's a good website, Ed. Thanks for posting it. We should never stop learning. Cheers

Psych Levels, Pivots, and Trendlines - Resurrected

Hibernation? — I should be so lucky, Ed. No, when I say overslept, I mean something in the region of an hour or even less! Domestic commitments allowing, I'm sort of back and forth between seeing to my disabled wife's needs, and watching the ...

Psych Levels, Pivots, and Trendlines - Resurrected

This one, I'm in and watching..... — Cable just after the last example. I watched the dojis forming, then the bullish engulfing candle that closed between the psych point at 1.8450 and the mid-point at 1.8455. I entered just above that at ...

Psych Levels, Pivots, and Trendlines - Resurrected

Anybody get this one this morning? — Unfortunately, I overslept this morning, so I'm feeling a bit frustrated at missing this golden opportunity on cable. See how the spinning-top/morning-star candle formed right between the psych point and ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Ed. — Hey, mate, 9 pips is better than none. Do that 4 times a day and there's a nice healthy 36 pips profit. Sounds easy, doesn't it? Of course, it isn't, otherwise we'd all be members of the IRC (Idle Rich Club)! Yep, much better with ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good opportunity on Swissy..... — I drew these fib lines through curiosity , and although I wasn't involved with this chance, it's a nice example of how short term fib lines can sometimes interact with the Pivot lines. If you look at the ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Ed — They say you learn from your mistakes, and you sure seem to have seen the error of your ways!! You just can't rush things in this game, Ed, as you've found out to your cost. You're not alone, however, because I'd say that ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Guys.. — I remember saying that the lsma3 indicator annoyed the hell out of me, because of the way it seemed to jump around all the time. Additionally, when used as an entry signal for a "short" trade, it seemed like it was saying "get in" ...

Dollie's Safe Pips Indicator

In and out.... — I took this trade on the basis of the classic morning star reversal pattern, but I hadn't realized that price was just under the 50.0 fib (not shown), drawn from yesterday's high and low. This, combined with the fact that I ...

Psych Levels, Pivots, and Trendlines - Resurrected

Eur/usd opportunity...... — This is one where the price had to clear three obstacles before I opened a trade. First obstacle was the sloping TL, followed by the Pivot Point. Then it had to drop below the previous low, and then it was all ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Ed... — Good to know that you're sticking with a plan. "Plan your trade, then trade your plan." Isn't that how it goes? Do that, and you'll find yourself with more high-probability trades than low ones? Well, it seems logical to me! From ...

Psych Levels, Pivots, and Trendlines - Resurrected

No probs, mate..... — It's good to hear that you're getting stuck into the studying, Ed. That's groundwork that there's no substitute for, and you can only benefit in the end. As far as candlesticks are concerned, I'm no Steve Nison, that's ...

Psych Levels, Pivots, and Trendlines - Resurrected

....which turned into a morning star, just under the psych line. Just look at what followed! As I type this, price is already nudging the midpoint line again at 1.4682. You watching all this, Ed?

Psych Levels, Pivots, and Trendlines - Resurrected

Forget that... — That bullish candle turned into a spinning top. Slightly bullish, but still, a spinning top.

Psych Levels, Pivots, and Trendlines - Resurrected

I got lucky, too..... — Hi Ed. I took the trade at just under the low of the previous candle (1.4677) after a short spike back up through the midpoint line. I placed my SL just above that spike at 1.4692, then let the trade ride all the way ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice signal, but........... — This is a nice example of a dark cloud cover candlestick. And the fact that it occurs at a major psych line should reinforce the possibility of a short trade. However, the candles following the DCC candlestick ...

Psych Levels, Pivots, and Trendlines - Resurrected

My pleasure, mate. Dimensions are spot on! Cheers

Psych Levels, Pivots, and Trendlines - Resurrected

Two nice signals this morning on Cable...... — The first one of these was way too early for me here in the UK, but it's a perfect reversal signal. A long green candle, followed by a spinning-top, forming an evening star, and then a long red ...

Psych Levels, Pivots, and Trendlines - Resurrected

Can't make its mind up!.... — I added some fib lines after my last post. So I was waiting for price to either drop below the .00 psych line, or break the 50.0 Fib line. In the end, it did both, to some extent, but I went with the trend and ...

Psych Levels, Pivots, and Trendlines - Resurrected