The third candle back from where price pierced 114.00 was a hammer type where price stopped decreasing and started to rise again. My stop-loss was just under that one.

Psych Levels, Pivots, and Trendlines - Resurrected

15m..... UJ Price bounced along the 114.00 psych from around 4.00am GMT. A dip down to the 50sma and then rising back to 114.00, continuing going sideways before finally breaching the psych-line. A small bearish candle, and then price finally headed ...

Psych Levels, Pivots, and Trendlines - Resurrected

[quote=coastie;8750015] Thanks, coastie. I must be getting old, because I totally missed that H & S formation! As for the Inside/Outside formation......in Candlestick language, it's a bullish engulfing pattern.

Psych Levels, Pivots, and Trendlines - Resurrected

[quote=coastie;8748794] One-trick-pony. Nice one. Not familiar with your inside/outside pattern though? Yes, the NZDUSD was fairly rapid, but I didn't notice a H & S pattern?

Psych Levels, Pivots, and Trendlines - Resurrected

15m.............GU A bearish channel dropped from .50 psych to .00 psych, and after a period of consolidation, price went bullish again and breached the channel. Entry and exit as shown.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trade, coastie. TL's are definitely your thing! 15m......NZDUSD A long TL from yesterday morning. Price broke down and then pulled back to test for resistance. Price then breached the .6650 psych-line and continued down to the .6600 ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m...... AJ Price came down through the MPP and the 50sma, before consolidating just above MS1. Price then dropped through MS1 and continued down towards S1, where I decided to exit.

Psych Levels, Pivots, and Trendlines - Resurrected

Morning, folks. 15m............... GJ Price pushed down through the MPP, and then tested for resistance three times before starting to drop. It then pushed down to S1 with only one brief hesitation.

Psych Levels, Pivots, and Trendlines - Resurrected

15m..... EU I missed this one, due to other distractions! 50-odd pips up the Swannee!

Psych Levels, Pivots, and Trendlines - Resurrected

15m...... AU A nice falling wedge pattern along MR1 initiated this one. I got in after the breakout through the confluence of MR1/50sma/Upper wedge line. As price approached R1, I was needed elsewhere, so I closed the trade.

Psych Levels, Pivots, and Trendlines - Resurrected

Mandariin, 50sma going up, and the confluence right across the MR1. In a position like that, one has to wait to see which way price is likely to go before any decision can be taken. In this case, instead of your forecast, it went bearish and dropped ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m...... USD/CAD Back to Pivots...................Price came down and pushed down through the confluence of the 50sma and MR1. After a brief resistance test, price continued down and I exited around the MPP.

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks for that, Mandariin. Re the 50sma.....if it's there, then use it. That's the way I look at it, my friend. It's very useful for determining the trend, and also it frequently provides support and resistance for price. As for your charts, I ...

Psych Levels, Pivots, and Trendlines - Resurrected

Mandariin, it's good to see your charts, mate. However, I'm sorry, mate, but they're playing hell with my old eyes! Couldn't you brighten them up a bit and make them easier to read? Oh, and by the way, a 50sma would be very useful to you regarding ...

Psych Levels, Pivots, and Trendlines - Resurrected

Very wise.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Mandariin. At the start of each session, I always check out the news times and what sort of impact is forecast for each one. I make a note of the high and medium impact ones and the times involved, and if a potential trade arises, then I can make ...

Psych Levels, Pivots, and Trendlines - Resurrected

I'd say it's more like an engulfing pattern, Mandariin. Nice trade anyway.

Psych Levels, Pivots, and Trendlines - Resurrected

Coastie, nice to see the psych-lines, mate. I keep mine on at all times, as you've noticed. Nice trade, though! Mandariin, good trade, and the long-legged doji was a good spot after a push up to test resistance. Well done! 15m...... GU A ...

Psych Levels, Pivots, and Trendlines - Resurrected

Welcome, Mandariin, and I look forward to seeing more contributions from you. Good luck!

Psych Levels, Pivots, and Trendlines - Resurrected

15m...... NZD/USD The sort of thing we look for every day. No explanation needed.

Psych Levels, Pivots, and Trendlines - Resurrected