Im in. Shorted cable at 1.7616.

Psych Levels, Pivots, and Trendlines - Resurrected

76.4% Retracement — Hi guys! Anybody monitoring cable? This might be a 76.4% retracement followed by a continuation of the downtrend if the TL is not broken, especially if US data is good.

Psych Levels, Pivots, and Trendlines - Resurrected

Break of Psyche Level — Hi EV! As long as its a profitable trade, it's still a good trade! Good choice of exit. Look at the price fall after hitting your target profit level. Here's my last trade of the night. After the 76.4% retracement, ...

Psych Levels, Pivots, and Trendlines - Resurrected

Result — Here's the outcome of my trade. TP was placed and hit at the confluence of MR1-1.7784 and TL. SL just above the high of the previous 2 candles. From the chart, price reacted and made a small bounce at the confluence.

Psych Levels, Pivots, and Trendlines - Resurrected

A descending triangle? — Entered a sell stop below the descending triangle. Hope this becomes a good trade.

Psych Levels, Pivots, and Trendlines - Resurrected

Ascending Triangle? — Could this be an ascending triangle if the ascending TL continues to hold? The confluence of psyche level-1.7750 and central pivot-1.7745 is near the roof of the triangle.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi y.caesar. It seems that acumen (the thread starter, who was kind enough to share his strategy with us) is not yet here. I'm sory but I haven't seen his video's yet. Although I'm planning to do so soon. From his posts, it seems that he's stop loss ...

Psych Levels, Pivots, and Trendlines - Resurrected

Confluence — Here's a trade wherein the confluence of S1-1.7749 and Psyche level-1.7750 served as a strong resistance after it was broken a couple of hours earlier. (blue square). Entered at 1.7741. TP hit at 1.7700 psyche level.

Psych Levels, Pivots, and Trendlines - Resurrected

Triangle Breakout — Hi guys! Here's my first trade for the day. It's a breakout of a descending triangle. TL couldn't be broken. Placed a sell stop below the confluence of M2 Support-1.7797 and psyche level 1.7800. The confluence of M2 ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice chart eyevoltage! Sold cable on 1.7841 on that chart. Exited at 1.7800

Psych Levels, Pivots, and Trendlines - Resurrected

A descending triangle? — Could this be another descending triangle or a falling wedge? Placed a sell stop 5 points below psyche level 1.7850. cable might slip down again if Construction PMI is bad.

Psych Levels, Pivots, and Trendlines - Resurrected

TP Hit — My TP has been hit which is at the previous swing low. There's a possibility for the down move to continue but the previous swing low is near my M3-1.7875

Psych Levels, Pivots, and Trendlines - Resurrected

Confluence — Hi guys! Sold cable near the confluence of TL and 76.4% retracement. It showed indecision with the spinning tops and a down bias with the tweezer top on the previous two candles. I'll see if this becomes a good trade.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi SpecialEd! If im not mistaken, you exited your position at 1.4582 coz that is one of you visual resistance, where prices previously showed a bit of a support. Right?

Psych Levels, Pivots, and Trendlines - Resurrected

Luckily I woke up... — I woke up just before my entry was hit. It's already morning here. Shorted cable @ 1.7999 when it went down again below 1.8000. My TP was hit at S1-1.7960. As I type this message, cable is still falling.

Psych Levels, Pivots, and Trendlines - Resurrected

Holding.. — Yes the TL is holding. If it holds on this upward movement, i'm gonna short cable. Especially if it shows a bearish candle pattern after hitting the confluence of the TL and 76.4 retracement. Also if it goes below the confluence of ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good thing I placed my sell stop below the 1.8000 psyche level. the confluence truly is a strong support. The TL has been broken but the current candle it hasn't closed above it. Many might buy. But im gonna wait and see if the 76.4%/61.8% ...

Psych Levels, Pivots, and Trendlines - Resurrected

Descending Triangle?... — Check out this chart of cable. My S1 is at 1.8007. Just below it is a psyche level. That confluence hasn't been broken all day long. But the descending TL can't be broken either. Because of this, a descending triangle ...

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks! — Thanks eyevoltage! That helps a lot. When I came to this thread I didn't use psyche levels as possible SR levels. I used Pivot points, candlestick patterns trendlines and MACD. Thanks to both you and acumen, I'm starting to observe ...

Psych Levels, Pivots, and Trendlines - Resurrected

Eyevoltage, is your strategy as effective in EURUSD as in GBPUSD? Just wanna ask. I dn't trade other currencies other than cable.

Psych Levels, Pivots, and Trendlines - Resurrected