Only monitoring GU and GJ right now. Not much room to move on the others, IMHO. Fxn, a vertical line would be spot on, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

Fair enough, mate. No problem.

Psych Levels, Pivots, and Trendlines - Resurrected

Morning, folks. Some good activity I see. Fxn, nice charts, but they would be even better if you highlighted your entry and exit points. Thanks in advance, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

What you've got there, my friend, is a rising wedge in a downtrend, and is very bearish.

Psych Levels, Pivots, and Trendlines - Resurrected

15m....AJ This was at the same time as the previous AU trade, but I didn't actually enter this AJ. This stemmed from a nice bearish rising wedge and was worth around 20 pips or so. Probable entry and exit as shown.

Psych Levels, Pivots, and Trendlines - Resurrected

15m.....AU. A nice bearish flag that took about 5 hrs to form, led to this trade. An entry just below the Midpoint and exit just above S1. Nice and straightforward.​

Psych Levels, Pivots, and Trendlines - Resurrected

15m.....AJ. A break down from a falling channel. Target was S1, but price dropped straight through it. Got out just before price hit the mid-point.

Psych Levels, Pivots, and Trendlines - Resurrected

AU and AJ both dropping out of falling channels right now.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trade, sidefx.

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks, mate. To be honest, I'd forgotten about the "inside/outside" pattern!

Psych Levels, Pivots, and Trendlines - Resurrected

Where is the engulfing pattern you're on about?

Psych Levels, Pivots, and Trendlines - Resurrected

Three or four shadows breaking the mid-point, but no solid body invasion yet!

Psych Levels, Pivots, and Trendlines - Resurrected

Yep.

Psych Levels, Pivots, and Trendlines - Resurrected

Do a search in Google for Trade Interceptor, and you'll be able to download it to your computer or phone or whatever. I've just downloaded it out of curiosity, and it seems to be working OK.

Psych Levels, Pivots, and Trendlines - Resurrected

I see your reasoning, sidefx. Can't get a 10m chart on MT4, so it took me a few minutes to see it from a 15m point of view. Looks like it didn't quite hit R1, and it's just trying to make its mind up right now!

Psych Levels, Pivots, and Trendlines - Resurrected

Cold, from the time that price hit the mid-point level, all that followed was a long period of consolidation. Honestly, there was no indication of any significant move on the way, and in situations like this, it's always best to keep out and wait ...

Psych Levels, Pivots, and Trendlines - Resurrected

Sorry for the delay in answering. From what I've read in the past about candlesticks, the Kicker candlestick is, apparently, the most powerful of the lot! I can't honestly say whether or not it has the same impact on Forex, as it has on other ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice one, fxn. Now a long-legged doji gives the indication of a possible good move down.

Psych Levels, Pivots, and Trendlines - Resurrected

15m.....USD/CHF Following on from the above trade, a large bearish engulfing candle formed, giving the indication of a possible good move down. Entry and exit as shown.

Psych Levels, Pivots, and Trendlines - Resurrected

15min......USD/CHF Not a pair I usually monitor, but this morning, with all the narrow pivots (especially on Aussies), I was having a good look around and spotted this one. There was a period of consolidation between R1 and the midpoint before price ...

Psych Levels, Pivots, and Trendlines - Resurrected