2 Sides to a story — Hi Ed! I see why you would have looked at the H4 chart and see a descending triangle. It seems that the bulls are continually losing interest and the bears are holding ground forming a floor near the psyche level-1.4650. ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trade earlier EV. I've also noticed that 76.4% (or near it) is one of the common retracement levels along with 61.8%.

Psych Levels, Pivots, and Trendlines - Resurrected

Range Breakout — Good morning guys! Here's my first trade of the day. Cable ranged between 1.8582 and 1.8559. Placed a sell stop below and a buy stop above the range. TP @ 1.8510. .. I know it's a quite far target for Asian session. Exit ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hey EV! Gonna call it a day. See you tomorrow! Happy trading everyone!

Psych Levels, Pivots, and Trendlines - Resurrected

This one's hard not to see... — Sold cable after it created a lower swing high and almost a 50% retracement. TP at 150% level. It didn't quite got there. Exit at 138.2% level.

Psych Levels, Pivots, and Trendlines - Resurrected

I surely do.

Psych Levels, Pivots, and Trendlines - Resurrected

.. Missed the move too EV. Looking at it now, we could say that there was a 76.4% retracement at the lower swing high. A good entry would have been after price crossed the first tweezer bottom. Then it seemed that the bulls were losing interest ...

Psych Levels, Pivots, and Trendlines - Resurrected

Doesn't look like a 61.8% retracement anymore. Price has crossed the previous lower swing high already. It it were a 61.8% retracement, my target would have been 100% expansion.

Psych Levels, Pivots, and Trendlines - Resurrected

A possible 61.8% retracement of a short term down trend continuation? Let's see what PA shows.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice one EV! What is that blue line below the dotted blue line?

Psych Levels, Pivots, and Trendlines - Resurrected

Good day guys! A couple of fib trades today. But so far this is the only one which hit the target. Price retraced by 50% creating a higher swing high. As soon as price crossed the third candle in the higher swing high formation, entered a long ...

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks for the link EV!

Psych Levels, Pivots, and Trendlines - Resurrected

Look at it go! .. we'll we can't win them all.

Psych Levels, Pivots, and Trendlines - Resurrected

I'm out at -10points EV. How about you? Edit: Hope it doesn't create and confirm a higher swing low. Goodluck! Edit: Going down again!

Psych Levels, Pivots, and Trendlines - Resurrected

Another fib trade? — Could this be another fib trade if a retracement level holds and a reversal candle patter forms? What do you guys think?

Psych Levels, Pivots, and Trendlines - Resurrected

Never really got there... — My target wasn't hit, but a nice trade nonetheless. Got in after the 50% retracement. Waited till a lower swing high was formed and price crossed below the low of the shooting star. Could have entered after price ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi fxaus! Your welcome. We are using acumen's strategy, who is the thread starter. If you want to learn more about the strategy, you can read through the thread or go to this site url to see his videos. We'll be glad if you join in our discussions ...

Psych Levels, Pivots, and Trendlines - Resurrected

Fib — Looks like cable just made a swing high and a swing low. The swing low is confirmed by the current candle which crossed the high of the third candle in the "higher low, lower low, higher low" swing low formation. There seems to be a ...

Psych Levels, Pivots, and Trendlines - Resurrected

Another point of view — Just got back at the screen. .. Thanks EV! When I was lookin at it earlier, it looked like an ascending triangle, with a tweezer top or two. But looking at it now, It does look like a symmetrical triangle. Placed a ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good day guys! — Here's a trade using the recross of the confluence of MR1-1.8351 and psyche level-1.8350. After the dragonfly candle, price recrossed above the confluence. Bought 3 points above the confluence (plus spread). TP at 1.8400 ...

Psych Levels, Pivots, and Trendlines - Resurrected