Cable - sell @ 1.9231 Let's see how it goes. Edit: Out @ 1.9211 for 20 pips.

Psych Levels, Pivots, and Trendlines - Resurrected

Interesting situation on cable..... — This could be an opportunity to go short. Higher lows as price edges towards a psych level, with, at present, a bearish engulfing candle showing. Worth keeping an eye on.

Psych Levels, Pivots, and Trendlines - Resurrected

Made it...... — Eur/usd made it down to the S3 line, with the candle shadow reaching a little further down to breach the .50 psych line. Only 4 pips between them, so this forms quite a strong confluence. To a certain extent, this confluence is ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good trades, DaBuschi...... — Way to go, mate. It wasn't until after I'd posted that I realized that maybe a more conservative entry would have been at the previous low (1.5140 here), but you spotted that, no bother. Can't argue with your ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice triangle...... — The eurusd formed a nice triangle pattern over a period of a couple of hours, resulting in an impressive break-out to the downside. Where would you enter? As soon as it breaks the triangle? Or after it drops below the .50 ...

Psych Levels, Pivots, and Trendlines - Resurrected

Well spotted.... — Sometimes, it's easy to forget the blindingly obvious. Happens to us all. Still, one pip's better than none!

Psych Levels, Pivots, and Trendlines - Resurrected

Seems pretty solid to me..... — ........plus, I hadn't taken into account the triangle, which does alter one's perspective a little. I usually try and spot any formations such as triangles, flags, wedges etc., but I missed this one. Thanks for ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trade, matsf..... — I use FXI Pivots, mate, and I just leave it to automatically change at midnight here in the UK. Yes, I notice a slight difference between your pivot point and mine, but it's nothing too dramatic. That was a nice trade ...

Psych Levels, Pivots, and Trendlines - Resurrected

Welcome, fx1..... — Good to see that acumen's thread is attracting new posters. My chart is further on from yours, mate, and shows it definitely made a new high for the day after piercing the 1.9580 midpoint, which incidentally, is also one of ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi bk....... — Did you take that trade, bk? I see a spinning top touching the Midpoint at 1.5515, then price reversing all the way down to around 1.5473, after a brief stop at the main pivot line. I've marked 1.5473 on my chart. ...

Psych Levels, Pivots, and Trendlines - Resurrected

Trades today.... — Cable provided two winning trades today. The white arrows signify entries and exits. Nothing much to say really. Pretty straightforward ins and outs. I had another earlier trade on Eur/usd, but my trading platform got a bit ...

Psych Levels, Pivots, and Trendlines - Resurrected

If I was a betting man....... — ....I'd have put a large bet on this happening. As soon as I have to leave the computer to attend to something else, this happens. Look at that signal in the blue rectangle. Right on the confluence of S1 and ...

Psych Levels, Pivots, and Trendlines - Resurrected

Cable finally moves...... — Well, Cable finally decided to give me a little encouragement. It teased me a lot as it danced around the 1.9680 mid-point line, but it finally gave me my entry as indicated by the first arrow. Target was always ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trade, bk...... — Looking at your trade, I've just inserted a Mid-Point line, and just look at the beautiful bounce at the first arrow, followed by another at the second arrow. The third shows how price used the MP line as a consolidation ...

Psych Levels, Pivots, and Trendlines - Resurrected

Cable looks undecided.... — Morning, folks.. Cable started off the day by ranging approx between psych line 1.9750 and mid-point line 1.9737. I was still in the Land of Nod when price started dropping towards S1. Note the two magenta dojis. ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Acumen....... — Thanks for your comments, mate. Last week, I didn't have a lot of time to trade, but I still ended the week in profit. My domestic circumstances don't allow me to trade fully uninterrupted, so I have to grab the chances as ...

Psych Levels, Pivots, and Trendlines - Resurrected

Any, as far as I can see. Acumen, the originator of this thread, only trades eur/usd. I keep an eye on both eur/usd and gbp/usd. However, have a look at any pair you like. The principles that acumen works to will work with any of them. Cheers

Psych Levels, Pivots, and Trendlines - Resurrected

Psych lines work...... — Gbp/usd about and hour and a quarter on. See how price punched right down to the .50 psych line, and how a large hammer candlestick formed, signifying a possible reversal. Price then reversed up the Monthly Pivot Point ...

Psych Levels, Pivots, and Trendlines - Resurrected

Eur/usd caught between two psych points... — Eur/usd ranging since midnight between .75 and .50, BELOW the Pivot Point. So any break below .50 might be worth taking, except for the close proximity of the S1 line. Also, it's NFP day today, so ...

Psych Levels, Pivots, and Trendlines - Resurrected

It's still around, mate. — url Enjoy. Cheers

Psych Levels, Pivots, and Trendlines - Resurrected