15m EU...... A strong retracement from the Main Pivot line to the midpoint line, where a hammer formed, followed by a doji, right across the midpoint line in the MA zone. Entry and exit as shown. SL under the low of the hammer.

Psych Levels, Pivots, and Trendlines - Resurrected

I see what you mean, snail, but you have to remember we're dealing with candlesticks here. On a bar chart, that would indeed be an "outside bar". In candlestick terms, if I remember rightly, it's a "sash pattern".

Psych Levels, Pivots, and Trendlines - Resurrected

Here's the chart. Sorry about that!

Psych Levels, Pivots, and Trendlines - Resurrected

15m GU..... I missed this one due to other commitments. The bearish flag formed across S1, and potential entry and exit are as indicated.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Adam. Yes, that would have been a legitimate entry. I was away from the computer around that time, and missed the opportunity. As you've indicated, an entry at "A" after a nice bullish engulfing candle would have been the logical choice, with the ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m EU........ A very impressive bullish engulfing candle (blue ellipse) formed on the confluence of the 13ema and the Main Pivot line in the MA zone, indicating a high-probability trade coming up. And so it proved. Entry and exit as shown.

Psych Levels, Pivots, and Trendlines - Resurrected

After yesterday...... Today so far has been pretty disappointing. Maybe it was too much to expect a repeat of yesterday, but with prices so far on the 4 pairs I watch being mostly in the "chop zone", I'll just forget about it for today!! I'll be ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m EJ..... A good set-up after price came down to the Main Pivot level and tested for support before dropping through and then testing for resistance (blue ellipse). Price then started heading southwards again, offering a high-probability trade. ...

Psych Levels, Pivots, and Trendlines - Resurrected

I regularly keep a watchful eye on both TFs, David. A set-up can sometimes show up as obvious on one of the TFs, but not on the other one, so it's worth checking each TF out periodically. I can't really pin down a satisfactory answer for SLs, David, ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi David. I trade GU, EJ and EU, mainly, but look at one or two others from time to time (AU, UJ). I only trade either 5m or 15m charts. I only have the one screen, David, and have 4 charts on at any one time. As far as the pivots are concerned, I ...

Psych Levels, Pivots, and Trendlines - Resurrected

15 USD/JPY. Lovely set-up but, unfortunately, I was too late to get into it. However, it's worth posting as an example of what to look for. A nice bearish engulfing candle formed right on the mid-point level in the MA zone and then price just ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m EJ. A good set-up, with a bearish piercing pattern (blue rectangle) at the confluence of the 13ema and midpoint level. Entry and exit as indicated. (In case anybody's wondering why that wasn't a dark cloud cover rather than a bearish piercing ...

Psych Levels, Pivots, and Trendlines - Resurrected

Here you go.....

Psych Levels, Pivots, and Trendlines - Resurrected

15 EJ. Symmetrical triangle just been breached.

Psych Levels, Pivots, and Trendlines - Resurrected

The only indicators I use are the 13 and 34 emas, FXI Pivots and Pivot Mid-Levels, which you'll find in the attachments at the top of the page.

Psych Levels, Pivots, and Trendlines - Resurrected

Thank you, David. Nice to hear from you.

Psych Levels, Pivots, and Trendlines - Resurrected

This is the chart from the previous post:

Psych Levels, Pivots, and Trendlines - Resurrected

15m EJ. What a nice set-up. Price retraced down to the confluence of the midpoint level and the 13ema, and all that remained was to wait for any breakout of the resulting TL. The two higher lows after the bearish candle didn't do any harm, either! ...

Psych Levels, Pivots, and Trendlines - Resurrected

biDc, if you get on YouTube, get into subscriptions and search for "thefxpivotpoint", you'll be presented with a whole heap of short videos of Mike's method of trading.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trading, biDc.

Psych Levels, Pivots, and Trendlines - Resurrected