Just got back at my screen — Nice trade EV!

Psych Levels, Pivots, and Trendlines - Resurrected

.. You're too kind my friend. I'm trying to be more attentive of your top notch candlestick analysis as well (among others). I guess we are all learning something from each other here. (ironically the purpose of forums)

Psych Levels, Pivots, and Trendlines - Resurrected

.. I agree with you EV. Lots of factors to be considered in a fast moving market.

Psych Levels, Pivots, and Trendlines - Resurrected

We both considered it to be a counter trend because of previous strong move down. But we have to take note that it made a higher swing low and a deep retracement. Since it didn't take out the previous swing low, we could reach at a conclusion that ...

Psych Levels, Pivots, and Trendlines - Resurrected

I agree with you EV. But we need to be cautious for a possible bounce of a TL or the emas. That's why I placed my TP below the falling TL. Price did react initially as seen in that 30+ lower shadow, but it was persistent.

Psych Levels, Pivots, and Trendlines - Resurrected

Bullish Piercing — Saw this bullish piercing candle. Got in after price crossed the high of the piercing candle. TP was hit 2 bid points below the psyche level-1.6200.

Psych Levels, Pivots, and Trendlines - Resurrected

EV, seeing the bearish engulfing candle (now), the downward slope of the ema's, a bounce off of the lower ema, it could have given me the confidence to let the trade run even just to the next .xx50 level. I have to admit I might have closed the ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good eye on the DCCs EV! I only saw the hammer on the 2nd one.

Psych Levels, Pivots, and Trendlines - Resurrected

I'm short from 1.6195 on cable, let's see how this goes. Edit: Exit at +10 after the hammers and tweezer bottom @ M5 and hammer @ M15\\ Edit: Looks like it still went down after all. Oh well, we can't get them all.

Psych Levels, Pivots, and Trendlines - Resurrected

EURUSD is moving up but cable is moving down. Guess the correlation is not strong right now.

Psych Levels, Pivots, and Trendlines - Resurrected

Hi EV! — Thanks EV! .. I do wish I had let it run but I decided to place the TP at a potential support level from previous hours. But it broke through it and made a 200 point drop. Still, pips are pips. I'm currently looking at a possible ...

Psych Levels, Pivots, and Trendlines - Resurrected

Pennant — Hi guys! Short after price crossed below the low of the pennant formation. TP was missed by a couple of points. Closed the trade at 1.6273.

Psych Levels, Pivots, and Trendlines - Resurrected

Excellent timing on the entries and exits EV! It looks like you're able to incorporate the EMAs into you're strategy quite well.

Psych Levels, Pivots, and Trendlines - Resurrected

Almost 50% retracement — Cable made an almost 50% retracement. The body was held below the confluence of psyche level-1.6600 and R1-1.6605. Sold after price crossed below the tweezer bottom. TP was placed and hit above the confluence of psyche ...

Psych Levels, Pivots, and Trendlines - Resurrected

.. Goodluck Islander!

Psych Levels, Pivots, and Trendlines - Resurrected

You're welcome Happy.

Psych Levels, Pivots, and Trendlines - Resurrected

You can also use this indicator which was posted by Islander and mentioned by EV before. Also attached the sweetspots indy.

Psych Levels, Pivots, and Trendlines - Resurrected

Happy, here are the daily pivot indy's that I am using. It has a few limitations though. - I haven't tested it on many brokers. I haven't got around to testing and adjusting the codes for other brokers. - It can only be used from M1 to H1. - The ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Happy68! My settlement time is at 5PM EST.

Psych Levels, Pivots, and Trendlines - Resurrected

Some more trades. First one is after the double bottom. 2nd is after the break upwards of a descending triangle.

Psych Levels, Pivots, and Trendlines - Resurrected