15m..... AJ Breakout below the triangle pattern/88.50 psych-line. Entry and exit as indicated.

Psych Levels, Pivots, and Trendlines - Resurrected

Hello Gareth, and welcome to the thread. Crystal Ball? I wish! Looking at your charts, it seems that you're depending solely on chart patterns? They are trend-lines after all, I guess, but I do advise you to get some lines in there, be they pivot ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m..... AJ I wish I'd taken advantage of this beauty. The first pull-back across 89.00 would have yielded nearly 40 pips or so. The second one would have given me approx 50 pips! Two little TL's and a couple of psych-lines, eh? Amazing what's on ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m.... EU A rather impressive bullish flag pattern formed, and crossed over the 50sma/1.850 psych-line confluence, before price meandered up towards the 1.0900 psych-line. I didn't wait for it to reach the next psych-line, being satisfied with what ...

Psych Levels, Pivots, and Trendlines - Resurrected

Yep, they come in handy, don't they? Nice trades, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

Good to see your charts, Roose. When to get out can be a problem, unless you establish a target. At least then you're in control. Nice to see coastie nipping in and out now and then!

Psych Levels, Pivots, and Trendlines - Resurrected

15m..... AJ Price dipped under the 90.00 psych-line and then pulled back up to test for resistance. As happens so often, after the test, price meandered down to the next psych-line, in this case, 89.50. Entry and exit as indicated.

Psych Levels, Pivots, and Trendlines - Resurrected

15m..... EJ Price ran up the TL to the 134.00 psych-line, and then turned down through the confluence of the 50sma and the TL. Entry and exit as indicated.

Psych Levels, Pivots, and Trendlines - Resurrected

Morning, coastie. Nice to see somebody else posting charts! And keeping them as simple as possible!! Well done, mate.

Psych Levels, Pivots, and Trendlines - Resurrected

I missed this beautiful sideways wedge along the 1.5050 psych-line on 15m GU. Price broke out bullish and at present has reached 59 pips !! Can't win 'em all, I guess!

Psych Levels, Pivots, and Trendlines - Resurrected

15m..... EU After the dramatic rises today which I missed due to other duties, I spotted this push through the 1.0850 psych-line. When this candle closed, I entered just above its high, and it wasn't long before I closed at just above 1.0900. I see ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hello, Ruffer, and thank you for your interesting post. You are quite right about acumen's comments regarding waiting for the pull-back. It's known as "testing for support/resistance" depending on which way you're going! However, that doesn't ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hello, Roose. Thanks for the contribution. Just a couple of things. That's not a rising wedge, mate. In fact, there's no pattern there at all, if I'm seeing right. However, there's a bullish flag pattern further down, and you could have entered just ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m..... UJ This would have been a nice trade, but unfortunately, I missed it completely as I don't often check this pair. After price moved through 123.00, it then retraced to check for support, and then a little later it formed a bullish flag ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m..... GU (Following on.....) After I exited from my previous trade, there was a short period of consolidation across the 1.5000 psych-line. When price started moving down again, I was in again! (Optimism is my middle name! ) This trade turned ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m..... GU After price dropped through the 50 psych-line, it reversed and tested said line. It was followed by a nice little Harami candle, signifying the possibility of a bearish move. Entry was just under the Harami, and it took just over 3 hours ...

Psych Levels, Pivots, and Trendlines - Resurrected

Many thanks , turnip. These days, I tend to target psych-lines almost full-time. Basically, it's because pivots seem so "cramped", if you see what I mean. Not much elbow room! Which is why I've taken to the "wide open spaces" between the ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m.... GJ Price descended from the 186.00 psych-line and pushed through the base of the descending triangle. A fairly straightforward entry, with price dropping dramatically to the 185.00 psych-line, which was my target. My entry and exit as ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice to hear from you, snail. Hope all is well with you and yours?

Psych Levels, Pivots, and Trendlines - Resurrected

15m..... EJ The use of two TL's gave me this trade. A bit of a rough triangle pattern, but it turned out to be useful. I wasn't quick enough to close my trade after price pushed across the .50 psych-line, but still, it was a welcome 20 pips.

Psych Levels, Pivots, and Trendlines - Resurrected