Psych Levels, Pivots, and Trendlines - Resurrected

Great trades, guys, and it's starting to look as if I'll have to get out of bed half-way through the night at this rate!
I'm still having internet connection problems, so I'm having to lay off trading for a while until I can get the gremlin seen to.
Nevertheless, if I see any good example trades then I'll post them.

A really nice pull-back trade on cable just now. I love it when I see potential reversal candles right smack bang on the 13ema! They nearly always lead to a nice little trade, with this one no exception. Entry at the high of the harami and exit just as price tipped over the xx50 psych line, which had been tested for resistance earlier by the two large candles. Very neat.

Nice trade EV! .. Had the same trade. I was looking at it as a 76.4% retracement and placed my TP at the xx50 psyche level.

.. Anymore move north and I'll just be relying on psyche levels.

Well done, mate!

It looks like cable is contracting EV.

Here's a fib trade. Cable made a 76.4% retracement and formed a hammer. Bought after price crossed above the hammer. TP was placed at the psyche level-1.4900. Closed the trade as price pulled back near the psyche level and formed a doji in M5.

Looks like cable might be contracting into a symmetrical triangle. Let's see what happens.

Traded the break downwards of the symmetrical triangle. My sell stop was hit a couple of points below the previous swing low. TP was placed and hit just above CP-1.4780. Although as I type this cable has passed CP and still falling. Oh well, pips are pips.

After the initial breakout. Cable pulled back and met support at CP-1.4780, a couple of pips below the 38.2% retracement, and formed a tweezer top. Short after price crossed below the 3rd candle in the tweezer top. TP was placed and hit just above the psyche level-1.4700.

On my previous chart cable met support at MS1-1.4680. It then pulled back and met resistance at the confluence of the psyche level-1.4750 and 76.4% retracement, and formed a LSH and tweezer bottom at M5, and a shooting star at M15. Took the trade from M5. Short after price crossed below the tweezer bottom. TP was placed at the confluence of 123.6% level, psyche level-1.4760 and Fridays low. Closed the trade as a hammer was formed at M5 after hitting the psyche level-1.4700, even if there still no reversal signal from M15 (other than the 24 point lower shadow ).

Edit: Looks like the M15 setup is still intact. Cable is still falling.

Nice trades, fx1, and a great start to the week for you! I've still been having problems with my broadband set-up, but a BT engineer has been here this morning and, for the moment, all seems ok now. However, I'm a great believer in the old saying: "s**t happens", so I'll just wait and see how the morning pans out.

Here's a trade I just finished on cable. A bearish engulfing candle forming right on the 13ema, had me waiting for the right moment to enter which was just below the M2 line. Exit was as price started retreating back up towards the 1.4650 psych-line.

Here's two late examples of what I keep an eye out for when trading this method. However, bear in mind these were hindsight views, which are always 20/20, but I still think the initial signals are fairly obvious and would have been worth watching.
The first one resulted from a nice consolidation along the 1.4450 line and then it's a matter of waiting for an entry under the last swing low. Exit would have been when price retreated away from the 1.4350 line without actually getting there.
The second one was a nice Gravestone Doji right on the confluence of the 13ema and the M2 line, and entry would have been after price had also cleared the 1.4400 line. There's a choice of three exit points as price dropped dramatically right down to the confluence of the S1 line and the 1.4250 line.
Nice, clean and simple.

Excellent illustration EV!

Here's a trade that I have just finished with. After cable fell in your chart, it then contracted and formed a symmetrical triangle. My sell stop was hit a couple of points below the previous swing low. TP was placed and hit at the psyche level-1.4200.

After the symmetrical triangle breakout, cable then pulled back and made a 38.2% retracement and a swing low. Short after price crossed below the psyche level and the swing low. TP was placed and hit at the confluence of psyche level-1.4150 & 123.6% level. Price still fell below and almost hit the 150% level. Didn't had much confidence that the move will go further (but it still may) since I was looking for a possible 61.8% retracement to the confluence of the broken S1 and a psyche level.

After the previous move down cable pulled back again and met resistance at the confluence of 61.8% retracement and the previous swing low. Short after price crossed below the spinning top. TP is at psyche level-1.4100. Closed the trade as price hesitated at the psyche level-1.4150.

trendline
main trend is down, but many inner uptrend includen in downtren.

Hi joldas! Nice chart. Goodluck with the trade.

Some great trades there, fx1. You sure can spot them, mate. And welcome to joldas, who seems to be a TL enthusiast!! Nice to see you, joldas.

Cable seems to have hit an 8 year low whilst I was sleeping. It hasn't been this low since June 2001, if I'm not mistaken, and I'm starting to wonder just how much further it's going to fall.
Worrying times, to be sure.