On my screen, it's still in the Flag pattern, but hasn't broken out as yet. Plus, on my chart, everything's happening around R1/R2 Midpoint.

Psych Levels, Pivots, and Trendlines - Resurrected

15m GJ..... A nice bullish flag pattern forming.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi turnip. Long time no see! No, I don't use IG index. I'm with FXCM. I guess I could use a buy stop if I wanted to, but seeing as I'm at the computer all the time, and keeping an eye on things, I prefer to keep a "hands on" approach.

Psych Levels, Pivots, and Trendlines - Resurrected

Yes, I see what you mean!!

Psych Levels, Pivots, and Trendlines - Resurrected

My charts look totally different in what way? And what does scaling mean?

Psych Levels, Pivots, and Trendlines - Resurrected

I don't use a broker, fxn. I use a spread-betting firm. And the charts are MT4, which you can find all over the net.

Psych Levels, Pivots, and Trendlines - Resurrected

Yes, I understand, mate. I don't blame you in the slightest!

Psych Levels, Pivots, and Trendlines - Resurrected

15m.....GU The green square highlights the period of consolidation along the mid-point pivot before price started moving north. Once price broke out of the square, it was time to enter. Entry and exit as shown. R1 was the target, but I was happy to ...

Psych Levels, Pivots, and Trendlines - Resurrected

Morning!!

Psych Levels, Pivots, and Trendlines - Resurrected

Let's just say that price will sometimes ignore Pivot lines and/or ignore Psych lines. On the other hand, price will sometimes react to Pivot lines and/or react to Psych lines. It's a lottery, mate. One just never knows! That's the way I look at it, ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m AJ.... A break of R1 after consolidation. Quick and simple!

Psych Levels, Pivots, and Trendlines - Resurrected

Fxn, I've just been looking at your thread re trading patterns. Some very good trades, mate. Are you still monitoring that thread?

Psych Levels, Pivots, and Trendlines - Resurrected

15m GU.... This was initiated by a nice bullish piercing pattern, and then it was a matter of waiting to see if price would get beyond the main Pivot point. Waiting to see if it'll reach the mid-point. (Got fed up with waiting. Things to do!)

Psych Levels, Pivots, and Trendlines - Resurrected

Nice ones, fxn. I'm actually in the middle of a trade on GU right now.

Psych Levels, Pivots, and Trendlines - Resurrected

Couldn't agree more!

Psych Levels, Pivots, and Trendlines - Resurrected

I also came to that conclusion some time ago. Hence, Fibs don't figure on my charts at all, except when I get a little curious about a particular situation. However, that doesn't happen very often.

Psych Levels, Pivots, and Trendlines - Resurrected

Morning, folks. This would have been a lovely trade, but I missed it. 5m GJ forming a little double top just above the mid-point level. A nice little punt on that one would have yielded around 30 pips or so.

Psych Levels, Pivots, and Trendlines - Resurrected

Fxn, your chart has a nice look about it, and I hope it's doing the business for you. However, I wonder if you could let us know which pair you're trading as and when you post a chart? It would be much appreciated, mate!

Psych Levels, Pivots, and Trendlines - Resurrected

I just use regular pivot points purely and simple because they've mostly done the business for me down the years. I've tried using various indicators as well, (including Fibonacci pivots) but decided in the end to just follow acumen's examples. He ...

Psych Levels, Pivots, and Trendlines - Resurrected

Which one is the news candle? I can't really help you with this, fxn, because I'm not a fan of trading the news. Sorry, mate.

Psych Levels, Pivots, and Trendlines - Resurrected