Sorry, guys, but I have to close down now. Lots to do, I'm afraid. Good luck with the rest of the day. See you on Monday, I hope.

Psych Levels, Pivots, and Trendlines - Resurrected

So that we can all see which pair is being shown, can you please right click the chart, select "properties" and then select "Show OHLC". That way, no matter how large or small your chart appears on here, the pair indication will appear top left of ...

Psych Levels, Pivots, and Trendlines - Resurrected

It's consolidating. A break down to the mid-point would be worth around 30 pips, so keep an eye on it.

Psych Levels, Pivots, and Trendlines - Resurrected

Which pair is this, PixeLM?

Psych Levels, Pivots, and Trendlines - Resurrected

5m GJ..... Consolidation along the mid-point pivot, followed by a break-out. Price then headed up to R1. Good for about 15 pips or so.

Psych Levels, Pivots, and Trendlines - Resurrected

Welcome, PixeLM. I look forward to you contributing to the thread. As you say, a very simple approach, as potential trades are easy to spot. All you need for this template is any Pivot Point indicator.

Psych Levels, Pivots, and Trendlines - Resurrected

M5 - GJ....... This is a beauty. A period of consolidation on the mid-point pivot (in the yellow circle), ended by a large bearish engulfing candle. Entry and exit as shown. SL was above the engulfing candle.

Psych Levels, Pivots, and Trendlines - Resurrected

Hello, fxnikolaev. You're spot on, mate. A break, a test of S/R, and then a nice harami or engulfing candle, and you're on your way! There's variations, of course, but these sort of signals are what this thread's all about. As for your second chart, ...

Psych Levels, Pivots, and Trendlines - Resurrected

5m GJ...... I missed this one due to other duties, but it's a good example of what we're always looking for. Price didn't quite reach down to the mid-point. Instead a bullish candle completed a bullish piercing pattern which is always a good ...

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks, fxnikolaev. I really should have realised that!

Psych Levels, Pivots, and Trendlines - Resurrected

You're welcome, Mushy. I know what you mean about trying to figure it all out for yourself. That's driven me crazy in the past! Much better to tap the know-how of all the guys and gals on here!! Nice trade, mate. You've got it sussed ...

Psych Levels, Pivots, and Trendlines - Resurrected

Welcome, fxnikolaev. Good trade, my friend. May I ask what those horizontal light green lines are?

Psych Levels, Pivots, and Trendlines - Resurrected

15m GJ............ Ascending (bullish) triangle along the mid-point pivot. Entered on the candle after the piercing of R2.​

Psych Levels, Pivots, and Trendlines - Resurrected

5m GU.... This one initialized by a Bullish Sash pattern (circled), indicating further progress upwards. Entry and exit as shown. Stop loss just under R1.

Psych Levels, Pivots, and Trendlines - Resurrected

A good movement from EU, which, unfortunately, I was too late for. The yellow ellipse highlights the usual sort of "mess" as indecision sets in around S1. When this happens, it's almost certain that price will "GO!!" one way or the other, after a ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hello again, Mushy. Those price boxes are obtained from the Standard tool bar at the top of your MT4 chart. If you look along it, you'll see two arrows, one pointing up and one pointing down. Between them is a tick, and if you hover your cursor over ...

Psych Levels, Pivots, and Trendlines - Resurrected

Carrying on with the EJ........ The ellipse shows a period of consolidation under S1, before a punch above S1 and then a test for support before heading up. Entry and exit as marked.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi folks. Just popped in to see if there's any interest still in this method. Apologies to MushyPeas for not replying to his posts and charts. I'm still keeping things simple and very basic, as you can see below.

Psych Levels, Pivots, and Trendlines - Resurrected

You're right, turnip, it IS a great thread, and it's all down to the originator, acumen. He disappeared off the scene quite some time ago, and there's been no indication as to what he's doing these days. I'm quite sure, though, that there's quite a ...

Psych Levels, Pivots, and Trendlines - Resurrected

gbpjpy 15m..... Always good to see a nice consolidation forming along any pivot line - in this case a mid-point. The 50sma (out of picture) still going up, giving the indication that there's more to follow. I was a bit late getting out........that ...

Psych Levels, Pivots, and Trendlines - Resurrected