Good one, snail. I saw it, but was otherwise engaged at the time.

Psych Levels, Pivots, and Trendlines - Resurrected

Sorry, pg. Humble apologies.

Psych Levels, Pivots, and Trendlines - Resurrected

I'm not surprised you got it as well, snail. It was such an obvious heads-up with that great retrace and the bearish engulfing candle!! Wish they came along a bit more often!

Psych Levels, Pivots, and Trendlines - Resurrected

5m usd/jpy...... A good retracement to the Main Pivot line, which formed a confluence inside the MA zone. A lovely bearish engulfing candle followed, which led to the impressive drop! Entry and exit as shown. Edit: Seems I got out too early!! Oh ...

Psych Levels, Pivots, and Trendlines - Resurrected

5m EU...... Some good trading from snail earlier. Well done, mate!! This one was after a bullish flag breakout, with the 34ema acting as support a couple of times before the said breakout. Entry and exit as shown.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trading, pg, and good to see you contributing after so long. I've only been on nodding terms with the computer all day, mate, so only the one trade earlier. Seems you managed to jump in just as price decided to cause a bit of excitement!! Well ...

Psych Levels, Pivots, and Trendlines - Resurrected

5m EJ....... A consolidation along the 13ema culminating in a shooting star/spinning-top led to this trade. Entry and exit as shown. By the way, snail, nice trading!

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks, mate. I should have realised!

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trade, snail. Must be the time of day, but I can't think what SD stands for.

Psych Levels, Pivots, and Trendlines - Resurrected

5m EU.......... This was one of those trades you dream about. A strong initial drop, a sudden halt at a pivot line and a consolidation, before price continues to drop. Look at how the MA zone was widening all the time, suggesting further downward ...

Psych Levels, Pivots, and Trendlines - Resurrected

5m EJ....... I missed this one due to other commitments. The spinning top between a large bearish candle and a large bullish candle was a good heads-up for a possible long trade. I've put a price label in where a possible entry area. However, the ...

Psych Levels, Pivots, and Trendlines - Resurrected

5m EJ...... A nice big shooting star formed on the Main Fib Pivot line, and entry into the trade as shown, just as price dropped below the MA zone. Exit as price reached MS1.

Psych Levels, Pivots, and Trendlines - Resurrected

Sorry I haven't replied earlier, biDc. My simple answer is that I can't really tell you! I'm not sure how they're calculated, but I guess a bit of a Google will reveal all. Edit: Just had a look on Google and found this: R3 = Pivot + 1.000 * (H - L) ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trade, snail. Here's one a bit further on, after a steep rising wedge pattern. Entry and exit as shown.

Psych Levels, Pivots, and Trendlines - Resurrected

You're very welcome, brother.

Psych Levels, Pivots, and Trendlines - Resurrected

Hello Jimmy. No problem, brother. This is a highly versatile Pivot indicator, that allows you play around with all sorts of settings. Have fun! YIC

Psych Levels, Pivots, and Trendlines - Resurrected

Just under the MR1, snail.

Psych Levels, Pivots, and Trendlines - Resurrected

5m EJ.... A harami formed just above MR1 in the MA zone. Pretty straightforward after that. Entry and exit as indicated. (Fibonacci pivots used)

Psych Levels, Pivots, and Trendlines - Resurrected

I take your point, snail. However, when price is quite some distance from the Main pivot, and the MA's are looking promising, as they were at that time, a long trade is always worth considering. Sometimes, one can end up dismissing it, but ...

Psych Levels, Pivots, and Trendlines - Resurrected

Just above the white line, mate.

Psych Levels, Pivots, and Trendlines - Resurrected