5m EURCHF — Hi all, Managed to spot this little trade on EUR/CHF this afternoon. A bearish engulfing candle formed over the 1.5350 psych level and in line with the trend. Took the break below for a nice 1:2 trade.

Psych Levels, Pivots, and Trendlines - Resurrected

Yeah I am working today but still keeping my eyes peeled for some good entries! I've been trying to take your advice in keeping in line with the current trend / ema direction and Forex007's advice about R:R. As a result I am getting a little ...

Psych Levels, Pivots, and Trendlines - Resurrected

5m USDCHF — Good afternoon chaps, Sorry I couldn't post this earlier... nice little 5m move on USD/CHF had a shooting star form just under the daily pivot level, piercing the 1.1850 psych line and in line with the EMAs.

Psych Levels, Pivots, and Trendlines - Resurrected

You got me!

Psych Levels, Pivots, and Trendlines - Resurrected

5m EURCHF — Good afternoon everyone! Been so busy today I haven't had much time to post any charts! Just thought I'd quickly share this one with you before heading home! Shooting star formation piercing the EMAs and just touching the 1.5400 ...

Psych Levels, Pivots, and Trendlines - Resurrected

Good afternoon, Two trades this afternoon. One was EURUSD, took a long at the break of the hammer that pierced the 1.2900 psych line and as price was rejected for the second time (since opening the trade) at 1.2920, I decided to cut and run! Good ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi EV - thanks for the clarification on that one! Got another nice setup on EURUSD just now. Unfortunately it didn't make it all the way to where I had wanted it to but I took a 1:1 on it so I can't complain! Entry was short after the shooting star ...

Psych Levels, Pivots, and Trendlines - Resurrected

Nice save! I forgot it was Friday 13th!!! Perhaps I should quit while I'm ahead incase the bad luck catches me!! Dan

Psych Levels, Pivots, and Trendlines - Resurrected

Yes I thought DBLHC too! It could also be a tweezer bottom... maybe?? I'm not too familiar with that one either! Perhaps someone might be able to shed some light on that for us! I think EV was having some technical difficulties which might explain ...

Psych Levels, Pivots, and Trendlines - Resurrected

GBPUSD 5m — Good morning all, a nice little opportunity on G/U this morning. A bullish engulfing candle formed over the 1.3950 with trend confluence and the EMAs. Entered at the break of the high at 1.3981 and got stopped out at 1.4051 with an ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi Toddfx, You got it. A few trades like that is all you need! Regards, Dan

Psych Levels, Pivots, and Trendlines - Resurrected

Hi dreamtrader, I'm quite a newbie on this thread and I have to agree with what you said. This is a great place to learn. The regulars on this thread are very helpful. You will certainly learn a great deal - as I have (am still!). Regards, Dan

Psych Levels, Pivots, and Trendlines - Resurrected

Another E/J opportunity — Hi all, E/J is handing out some good setups today (I've seen about 8 really good setups today). EV posted one earlier that I think I would call the "perfect" setup! This one comes close... maybe a B+ trade as opposed ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi 007, Thanks for your kind words. I am pretty new to trading psych levels in this way but with the help of everyone here I am starting to get a good handle on it! I do actually tend to think of my exits in the way you mentioned, i.e. pips risked ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi EV, Entering under the 80 line would have been the safer entry although I must admit that didn't occur to me at the time! I entered just below the low of the engulfing candle. Initial risk was 22 pips - price dropped to about three times that so ...

Psych Levels, Pivots, and Trendlines - Resurrected

EURJPY Opportunities — Good morning lads, Had a nice start to the morning so far. Had two opportunities on E/J... The first was a bearish engulfing candle off of the 123.00 and the 13ema. That one sailed down nicely and I managed to grab 45 ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hear hear! Everyone seems to get along just fine here until a certain person comes along! I'm not sure what his motive is but I certainly can't be bothered with him. I think EV has given up (with arguing) too! Personally I'm ignoring any more of ...

Psych Levels, Pivots, and Trendlines - Resurrected

Hi fugly, I think the long term results are what counts. Which I think is what has been said already. However, why not open a seperate trading account (for riskier trading) with an amount you are 100% comfortable with loosing and see what happens? ...

Nothing can argue with putting money in the bank? True or False

Hi Islander, EV and Forex007, Thank you all for your answers on my last question. It's good to get the view from a different angle now and again. Helps to keep one's brain in gear! It's also nice to be involved in this thread, where everyone is very ...

Psych Levels, Pivots, and Trendlines - Resurrected

15m GBPUSD — What would you do? Ok, so I was looking at this possible setup this morning. A shooting star at the 1.3750 on the 15min G/U chart looked like a possible bearish move (not perfect as it didn't close below the xx50). I was planning ...

Psych Levels, Pivots, and Trendlines - Resurrected