Nice simple little setup, though my chart looks a little different to that...

Psych Levels, Pivots, and Trendlines - Resurrected

Hmmm will we be seeing the EURUSD break below 1.08.

Psych Levels, Pivots, and Trendlines - Resurrected

Thanks EV, I'd like to keep it simple also. So using the same indy as you we can ensure we're reading from the same page. Ive applied to chart without changing parameters, Im using a GMT+2 broker so hopefully our charts are similar.

Psych Levels, Pivots, and Trendlines - Resurrected

My target is the 50 fib level from the pre London bull spike.

Psych Levels, Pivots, and Trendlines - Resurrected

No probs eyevoltage, can I call you EV for short? I will move to BE once 2/3rd target is reached, which is close. Risky trade though my moto is "without risk, there is no gain.." fxnikolaev, Can you share your pivot indy please?

Psych Levels, Pivots, and Trendlines - Resurrected

Yeh I guess, Im seeing this pair to be in a range right now..

Psych Levels, Pivots, and Trendlines - Resurrected

Oh sorry, EURUSD. It seems to have made a little double top on the 15min chart.. its still in play. Im just figuring out some different pivot indis atm, and daily start hour..

Psych Levels, Pivots, and Trendlines - Resurrected

I think I pulled the trigger too early being so close to London open, and Friday..

Psych Levels, Pivots, and Trendlines - Resurrected

Rejected from R1 on 15min chart..

Psych Levels, Pivots, and Trendlines - Resurrected

Im in the process of reading through this thread but I must leave for work shortly, there seems to be several EA's people are using.. is this correct? Depending on the outcome of my research, I am thinking an EA coded to have options of TF, reversal ...

Follow the monthly candle and be profitable

eyevoltage, I can see youre just using pivots and it seems very effective on the TF you are using, have you trialed using fibs alongside on higher timeframes and finding points of confluence? I can see the OP was using this initially..

Psych Levels, Pivots, and Trendlines - Resurrected

Erebus, yes this is what I was meaning. But in your example the following candle is very bearish, so filtering this may have excluded a good trading opportunity. I will visually backtest some theories over the weekend and report back, I don't not ...

Follow the monthly candle and be profitable

This method looks really cool, Im subscribed. Maybe the possibility of filtering out trades where the reversal candle is equal to the ADR or 80-90% of its value, signaling a high chance of retrace?

Follow the monthly candle and be profitable

Are you using a template for this chart?

Psych Levels, Pivots, and Trendlines - Resurrected

I love this simple approach eyevoltage. Kudos for resurrecting this thread, subscribing and following Cheers!

Psych Levels, Pivots, and Trendlines - Resurrected

".. the market does whatever the F%%% it wants??... " haha

EURUSD

Just means that the EUR is very weak, and if USD strength increases EURUSD will drop harder... Im looking for sub 1.07 to close partial shorts.

EURUSD

How so?

EURUSD

I suspect this wont retrace much.. ughh.. I would buy but need it to be 1.0918ish..

EURUSD

I closed half on that 29pip downward spike minutes before the release.. had to take it. Im stubborn but not stupid lol.

EURUSD