Fib trades — Just finished with this trades. The first trade is a buy after the 38.2% retacement at the confluence of a previous visual resistance level which was broken (becoming support) and the xx20 psyche level wherein a higher-swing low ...

Psych Levels, Pivots, and Trendlines - Resurrected

Reply to jkrick33's PM — Hi jkrick33. First I prefer to use the MT4 retracement tool for identifying both the potential retracement levels and expansion levels (instead of using the MT4 expansion tool for identifying expansions). I do this to ...

Psych Levels, Pivots, and Trendlines - Resurrected

TL break — Looks like a possible TL break. Let's see if this will take out the previous swing low.

Psych Levels, Pivots, and Trendlines - Resurrected

Potential 76.4% retracement and TL bounce — I'm currently looking at this. (red rectangle). Price is currently at the rising TL and 76.4% retracement just above the 1.5650 psyche level.Let's see what happens.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi jkrick33! Another reason could be that custom indicators, EAs and scripts can be created and modified on MT4. This offers some flexibility and good charting.

Psych Levels, Pivots, and Trendlines - Resurrected

Good day guys! — Here are a couple of trades. Both are based on ABCD patterns and using fib analysis to identify which psyche level can be a potential resistance level.

Psych Levels, Pivots, and Trendlines - Resurrected

Good eye on the triangle EV! Cable made a lower swing high, tweezer top and a 61.8% retracement. Sold after price crossed below the lower-shadow of the 2nd candle in the tweezer top. TP was placed and hit just above the confluence of psyche ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi EV! — Nice trade EV! Excellent timing on your exit.

Psych Levels, Pivots, and Trendlines - Resurrected

Not so clear ABCD pattern — Here's a trade which I just finished with. Looking at the candlestick chart it's a bit hard to see the Higher Swing Low. So I added a line chart for clarity. Cable made a higher swing low and a 76.4% retracement, ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good morning guys! — Here are a couple of trades. First trade is a buy after the retest of the low after the break upwards of the descending triangle. TP was hit just below the psyche level-1.5850. Second trade is a buy after the break upwards ...

Psych Levels, Pivots, and Trendlines - Resurrected

Signing off — Gonna call it a day guys! See you all tomorrow.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi d-e-f! Just open the PROPERTIES dialog box of the fib retracement or expansion tool. Then add the fractional equivalent of the fibonacci levels at the LEVELS column. For example 0.236 for 23.6%. They don't have to be in sequence when you add ...

Psych Levels, Pivots, and Trendlines - Resurrected

Sweetspots indy with xx20 and xx80 levels — Hi guys! Here's the Sweetspots indy with added xx20 and xx80 levels.

Psych Levels, Pivots, and Trendlines - Resurrected

.. Thanks EV! I have both M5 and M15 charts side by side on my screen. I prefer to trade on the chart that shows clearer and smoother moves like consecutive lower upper-shadows and lower-shadows on a downtrend, and vice-versa on uptrends. I prefer ...

Psych Levels, Pivots, and Trendlines - Resurrected

Last trade — Cable made a higher swing low, a 61.8% retracement and formed a hammer. Bought after price crossed above the high of the hammer. TP was placed and hit just below MR1.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trade EV! Looks like we were on the same trade. Different analysis but similar results!

Psych Levels, Pivots, and Trendlines - Resurrected

Fib and triangle breakout trade — Bought after price crossed above the tweezer top at the higher swing low and 50% retracement, after finding support at 1.5850. Second buy is after the break upwards of the symmetrical triangle. TP was placed ...

Psych Levels, Pivots, and Trendlines - Resurrected

Great trades Islander!

Psych Levels, Pivots, and Trendlines - Resurrected

Symmetrical Triangle — Looks like cable might be forming a big symmetrical triangle. Would price bounce on the falling TL? Or continue up? Looks like a shooting star was formed after the falling TL resisted the upward move.

Psych Levels, Pivots, and Trendlines - Resurrected

Just got back at my screen.... — Just got back on my screen in time for this trade. Bought after the bounce off the rising TL making a higher swing low. TP was place and hit just below CP.

Psych Levels, Pivots, and Trendlines - Resurrected