You're quite right. I'm sure that most traders don't bother because this method IS very simple, and most people avoid it like the plague because they don't need to fill their charts with all sorts of indicators. This method has proved time and again ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m audjpy. Just finished a longish trade, but it was well worth waiting for. The ellipse shows a bullish candle followed by a Doji with a lower high, and in turn, followed by a bearish candle with a lower high. It just needed the break under the ...

Psych Levels, Pivots, and Trendlines - Resurrected

Where the Harami is concerned, the shadows are ignored and it's only the body of the candle that's taken into account.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice one, brother. In actual fact, the candle you saw as a morning star, was, in fact, a Harami candle, where the previous candle's body has a higher high and a lower low. In this case, a nice reversal signal right on the pivot point.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice contribution, WDays, with good clear charts. I'll be a fan of yours if you stay and contribute occasionally.

Psych Levels, Pivots, and Trendlines - Resurrected

15m gbpjpy..... Another beautiful potential trade. Yet another consolidation, this time forming a bullish flag. The breakout and the move up was simply stunning! Pity I wasn't around for it. Other duties, I'm afraid!

Psych Levels, Pivots, and Trendlines - Resurrected

A nice trade on the gbp/jpy. After all the confusion (in the circle), it was good to see a positive move up, breaching the mid-point level, and moving back up to the Main Pivot line. Entry and exit as shown.

Psych Levels, Pivots, and Trendlines - Resurrected

Go back to the beginning and read the first post. But first, have a look at the title of the thread..........."Psych levels, Pivots and Trendlines." It's all about trading round these indicators.

Psych Levels, Pivots, and Trendlines - Resurrected

You're welcome.

Psych Levels, Pivots, and Trendlines - Resurrected

I use an 8 EMA and a 50 SMA. The 50 SMA is there to give me an idea of the trend and how strong it is. The 8 EMA is something that I copied off a video of Stephen Bigalow's. He calls it the T-Line, or Trigger-Line. You can see how close to the price ...

Psych Levels, Pivots, and Trendlines - Resurrected

Great minds think alike, my friend! Unfortunately, although I spotted the opportunity, I was also involved with other duties at the time. Oh, well........

Psych Levels, Pivots, and Trendlines - Resurrected

And a very good morning to you too, Cold_W. I don't get a lot of time nowadays, especially in the mornings, but I'll keep monitoring, with a contribution from time to time.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Cold_W. Good to see there's still some enthusiasm for this thread. Nice trade off the wedge, my friend. I'm still hanging around, looking out for any opportunities like the one in my pic. Nice and simple, as always.

Psych Levels, Pivots, and Trendlines - Resurrected

15m AUDJPY..... The one that got away. Price dropped right back to the Main Pivot line, and then retraced up to MR1 where a Dark Cloud Cover formed, inside a bearish flag pattern!! After that, price dropped all the way to S1, where there is now a ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m EURUSD........ Price punched through MR1, fell back, and tried again, but the move wasn't sustained. The oval shape highlights a bearish piercing candle (not a Dark Cloud Cover, which has to be at least two-thirds down the body of the previous ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m eurjpy... Once again, loads of uncertainty along the MR1 this time. A sideways wedge pattern formed, and it was then just a question of waiting for the break, which duly followed. Not a big trade, but always welcome, nevertheless!!

Psych Levels, Pivots, and Trendlines - Resurrected

Nice to see you too, my friend. A very nice trade as well. Well done!

Psych Levels, Pivots, and Trendlines - Resurrected

15m usdcad This trade was initiated by price coming down to MR1, and then adopting an "undecided" position for around an hour or so before heading northwards. Once again, I watched the first candle after the consolidation head up and close above the ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m EU..... Hi folks! I see Monocor has been having things his own way for a while! And all good stuff, I might add! This is off the EURUSD just now, with a nice Harami candle forming after a push through MS1. Price then reversed again ...

Psych Levels, Pivots, and Trendlines - Resurrected

Shooting star, brother. A morning star and an evening star are patterns. A morning star (at the bottom) is preceded by a long bearish candle and followed by a long bullish candle. An evening star (at the top) is preceded by a long bullish candle and ...

Psych Levels, Pivots, and Trendlines - Resurrected