Psych Levels, Pivots, and Trendlines - Resurrected

This one came after a consolidation along the M0 line. I'd been away from the computer for a while, and when I came back and saw the long red doji, plus the rapidly diminishing space between the 13ema and the M0 line, I entered as the Dragonfly Doji started retreating. My SL was on the 13ema, so there was plenty of room to move, but it didn't need the space and dropped through the M0 line. The substantial upper and lower shadows did concern me a bit, which is why I exited as price started retreating again.

Edit: I forgot to mention that I was keeping an eye on the 1.3900 psych-line, in case price was going to bounce up off that. If it had, then I would have been out like a shot.

Nice trade EV! I'm currently looking at a possible symmetrical triangle forming in cable. Let's see if there will be a breakout.

Pin-pointing a trade this morning using my usual methods hasn't resulted in much luck, so this fib trade cheered me up!
As you can see, price retraced to the 50.0% fib line, which formed a confluence with the 13ema. Entry was just above the 1.3800 psych-line, with the exit being as price started retreating after piercing the FE100 % line.

Good day guys! I hope everybody had a nice weekend. Here are a couple of trades that I have just finished with.

Cable was moving sideways earlier. So I placed a sell stop and buy stop below and above the boundaries. My sell stop was hit and cable moved down and hit my TP which was just above S1. Then it pulled back, made a 38.2% retracement, met resistance at the psyche level-1.3600, and made a swing high. Short after price crossed below the swing point. TP was at 1.3500. Closed that trade as price hesitated at teh psyche level. Then cable contracted and formed a symmetrical triangle. My buy stop was hit above the previous swing high from my entry. TP was placed and hit a couple of points below the floor of the sideways channel earlier.

Nice trades, mate. As I've said before, you sure can spot them!

5m Cable provided this little opportunity, with just a simple little retracement to a psych-line before continuing up. A relatively simple and fast trade. Entry/exit as indicated.

Nice trades everyone.

Today, i had the time to trade this morning.

I had one nice EURUSD trade.

After the retracement to the pivot line i entered long @30.
Exit was because of the s/r-level from friday @75.

Good one, mate, and nice to see you again.

After the series of lower highs and lower lows down to the 13ema, culminating in a Hammer, I waited for price to clear not only the Pivot Point, but also the XX50 psych-line before I entered. There was a slight retracement to said psych-line before price took off northwards. My exit was a little premature, but price started retreating from the 1.3800 psych-line, so I adopted a "better safe than sorry" attitude!!

Sometimes, the emas can sort of get in the way. The first chart gives an example of how to continue from the excellent pattern which formed on the 1.3800 psych-line WITH the emas in place. However, the second chart shows the same situation with the emas removed, and a possible entry point. I didn't take either one, unfortunately, as I was called away from the computer.

Ignore the left-hand chart from above post. This is how it should have looked! Sorry about that.

Edit: Incidentally, I really didn't mean the two charts to be side by side. I thought that they'd be
one on top the other. Anybody got any tips on how to do that?

Excellent trades EV! BTW, if you wan't place one chart over the other in MT4, you can select the Tile Horizontally option in the Window menu.

Cable is moving sideways. Let's see which way this will break out to.

Thanks, fx1. I knew about positioning them vertically on the MT4 platform, but it was the actual positioning of them as an attachment under a post, I wasn't sure about.
Cheers

Edit: Incidentally, cable broke out of that range around 7.20am it looks like. Did you get the breakout trade, mate, 'cos it was quite impressive! Unfortunately, I was still snoring my head off!!!!

A nice reversal pattern on the confluence of the M3 line and xx50 psych-line led to this nice little trade. The gravestone doji caused a little concern, and I nearly exited right there, but I decided to linger a little just to see what the next candle would bring. Happily, it went north to the logical target of R1. The two emas I usually use aren't there because I was trying something else out beforehand and forgot to put them back!

Price retraced to the 61.8%/xx50 psych-line confluence and then started heading north. Entry was just above the high of the candle before the bullish piercing candle. Exit as price started retreating from the xx00 psych-line.

This trade on the 5m cable is a return to the basics of acumen's method, with a twist. Only sweetspots are being used, and the Dark Cloud Cover right on the xx20 psych-line leads to an entry as indicated, with the target being the next psych-line down or better. It turned out better, but started reversing before reaching the next psych-line after that, so that's where I got out. Neat and simple trading really.....nothing complicated about stuff like this.

A bearish engulfing pattern, followed by a 20 pip gain (less spread). OK, not a big profit, but three or four of these per day, and work it out for yourself! What's more, there's no indicators to check out. Unless you class Candlesticks as indicators!

Yet another very simple trade. I didn't take this one, as I was otherwise occupied, but it's another nice example of how things don't have to be complicated. A spinning top and a bullish piercing pattern just above the xx50 psych-line, followed by an exit for around 14 pips at the xx80 psych-line. Or, if preferred, wait and see what happens after the doji, which itself was looking bullish. K.I.S.S.......the best way to trade.

I'm going to have to take a partner on at this rate!! This is the 5m eur/usd chart and the trade is pretty self-explanatory really. A retracement to the xx20 psych-line, followed by a dragonfly doji and a confirming candle. Then it's all systems go, entering just above the high of the confirming candle. I wasn't confident of this one reaching the next psych-line (call it a hunch), so I got out as price started dropping again.

Dark cloud cover right on the xx80 psych-line and entry just under the low of the DCC candle. After entry, the long lower shadow nearly prompted me to jump ship. Nearly, but not quite! Still, I wasn't taking any chances after price dropped down to the xx20 psych-line, and exited as price started retreating.