Good morning, Cold. You're right....it was nice and simple. These triangles crop up all the time.

Psych Levels, Pivots, and Trendlines - Resurrected

Good trade, Cold. Price hit the confluence and dropped. Dead simple, mate, and a nice money-maker!

Psych Levels, Pivots, and Trendlines - Resurrected

Nice one and simple as can be, fuzz! I can't understand why some folks make things so complicated. Can you?

Psych Levels, Pivots, and Trendlines - Resurrected

15m..... GJ Price reversed to MS2 and a harami candle formed. Price then moved downwards to S2 and through it. Entry and exit as shown. Wish we could see such set-ups more often.

Psych Levels, Pivots, and Trendlines - Resurrected

Great minds etc.

Psych Levels, Pivots, and Trendlines - Resurrected

Good one, coastie. I missed that one! I must be getting old.

Psych Levels, Pivots, and Trendlines - Resurrected

You're getting the idea, fuzz!

Psych Levels, Pivots, and Trendlines - Resurrected

This one came along a bit early for me, unfortunately. A great example of a descending triangle, with a perfect breakout and yielding around 60 pips. Oh, well. Them's the breaks.

Psych Levels, Pivots, and Trendlines - Resurrected

[quote=fxnikolaev;8369537]Pennant, triangle GJ image [/quote These patterns crop up time and time again, fxn. You do a good job of spotting them too!!

Psych Levels, Pivots, and Trendlines - Resurrected

15m..... EJ Price almost touched S1 after a substantial bullish push, and then 3 small bearish candles, followed by another fairly substantial bullish candle indicated that price was probably going to continue up . Price then pushed up through the ...

Psych Levels, Pivots, and Trendlines - Resurrected

"You cannot change what God has intended for everyone". Is that the right translation, fxn?

Psych Levels, Pivots, and Trendlines - Resurrected

Fxn, I understand your curiosity regarding my attitude towards correlation. TBH, I have enough on my plate dealing with ONE trade, because I can't always be at the computer, due to my wife's disabilities. Therefore, I deliberately keep to one trade ...

Psych Levels, Pivots, and Trendlines - Resurrected

Welcome, fuzz. Number one rule. Don't try to complicate things. This is a very simple method, using the reaction of price at each pivot and mid-point level. All I use are the pivots and mid-points, plus a 50sma. I monitor 6 pairs at any one time, ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m..... GJ A harami/hammer candle just above S1. Entry after the break of the 50sma. Entry and exit as indicated.​

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks, snail. I never thought of it as an AB=CD trade, to be honest! Turnip, I like your description regarding the "3 little tadpoles"! The interaction between Pivots and Price Action is what this thread is mostly about, but it's sometimes so easy ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good morning, folks. 15m..... AJ I'm a bit late posting this one as something else cropped up. This trade was initiated by about an hour and a half of resistance testing of MS2. Once price dropped away, entry was as posted on the chart. I was ...

Psych Levels, Pivots, and Trendlines - Resurrected

Turnip, you're very welcome to drop in as and when, my friend. Nice oil trade there, mate, from a nice bearish engulfing candle, down to a gravestone doji. What were the question marks for on the right side of the chart? There was a harami candle ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice one, coastie. Your bearish engulfing pattern was a "sash" pattern on my chart and I nearly took it, However, I got called away and that was that!

Psych Levels, Pivots, and Trendlines - Resurrected

Good to see you Pix. That's a Dragonfly doji and just where we'd want it!!

Psych Levels, Pivots, and Trendlines - Resurrected

15m..... usd/cad This one took a while. A bullish flag after a move up. A break upwards from a confluence of RM1 and the 50sma. Target was R1, but I chickened out! Entry and exit as shown.

Psych Levels, Pivots, and Trendlines - Resurrected