Nice trade Happy68! I'm curious on the exit strategies used by other traders. Why did you exit at 1.3880?

Psych Levels, Pivots, and Trendlines - Resurrected

Break or Turn — Price is currently at the previous swing low which is just above the confluence of S1-1.7595 and psyche level-1.7600. It has meet a bit of a support. The question now is, BREAK or TURN?

Psych Levels, Pivots, and Trendlines - Resurrected

Another Point of View — Looking at M15. This looks like a continuation from a 76.4% retracement after price respected the descending TL.

Psych Levels, Pivots, and Trendlines - Resurrected

Good eye EV! I'm looking at this one too. But my MS1 is 15 points above the psyche level 1.7650. Let's see what will happen. Edit: Price just crossed the floor of the triangle.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi EV! .. I took a couple of days off to take care of some stuff. How you doin? Here's a nice range breakout in cable followed by an ascending triangle.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Tomik1701. I usually look at PA. I judge momentum on the size of continuation waves. For example if the seed wave is 35 pips, then the first continuation wave is 55 pips and the 2nd continuation wave is only 30 pips. That tells me that the ...

Psych Levels, Pivots, and Trendlines - Resurrected

Excellent trade as usual!

Psych Levels, Pivots, and Trendlines - Resurrected

Sometimes we forget the simpler things like plotting TLs. But the important thing is to remember it for the next time around.

Psych Levels, Pivots, and Trendlines - Resurrected

In my opinion that was a good trade setup. Good entry would be after the higher swing low. But you should also be mindful of the descending TL from the previous move down. The new swing high respected the TL. So if it were me, after entering a trade ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good thing you stayed out when you did. Price reversed and crossed the previous low.

Psych Levels, Pivots, and Trendlines - Resurrected

Price has crossed below the double bottom and tweezer bottom. Holding a short from 1.7683. Edit: Out at 1.7670. The momentum was week on that last wave down. Price pushed up after that hammer.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Happy68 — Looks like your TL didn't hold too. I was looking at this before the break of the TL. Cable created a lower swing high with a 76.4% retracement. Short after price crossed the tweezer bottom at the lower swing high. Exit at 100% ...

Psych Levels, Pivots, and Trendlines - Resurrected

Ascending Triangle? — Hi guys! Let's see if this could be an ascending triangle in the making if the ascending TL holds. Edit: Looks like the TL didn't hold.

Psych Levels, Pivots, and Trendlines - Resurrected

Ascending Triangle — A nice ascending triangle in cable which met a resistance at a visual resistance level.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi EV! — Nice charts EV! Good eye on those rising and falling wedge formations! Just got back to my screen.

Psych Levels, Pivots, and Trendlines - Resurrected

Fib trade — Here's a nice fib trade. Sold after 61.8% retracement and the lower swing high. The doji followed by the shooting star pushed price down. TP at 100% extension just above confluence of S3-1.7999 and psyche level-1.8000. .. If ...

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks for clearing it up EV! Normally I would call it a day when I run out of pivot levels. (unless price goes back) .. Don't want to wander around the wilderness without a map. But I'm trying something new. I changed my pivot settlement hour to ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trade Islander. If you don't mind me asking, what does FO and LO mean?

Psych Levels, Pivots, and Trendlines - Resurrected

3 trades — Here's what happened next. First entry after 76.4% retracement. 2nd after recross of confluence of MS3 and psyche level - 1.8250. 3rd at break of descending triangle.

Psych Levels, Pivots, and Trendlines - Resurrected

Descending Triangle — Good day guys! Here's a descending triangle breakout on cable. It broke through the confluence of MS3-1.8254 and psyche level-1.8250. It's currently a few pips above S3-1.8228. Let's see where this goes.

Psych Levels, Pivots, and Trendlines - Resurrected