Another very nice set up on gbp this morning. It actually started with the 2 hammers below the 21 ema. Anyway when the 5 min goes above its ema (252 roughly = to 1hr 21 ema) with a nice higher low another perfect trade.

1 hr HAMA, 6 ema

Hindsight is a wonderful thing, I didn't have these fibs up which may have added some fuel for a sell. Struggle at 62% fib at psych level and M M3.

Psych Levels, Pivots, and Trendlines - Resurrected

Islander was probably all over this 75 psych level move down.

Psych Levels, Pivots, and Trendlines - Resurrected

No trades for me as yet this morning as the various hourly, 4hr, daily not lining up one way or the other.

Psych Levels, Pivots, and Trendlines - Resurrected

Weekly finished on a classic doji. Daily a massive hammer closing on lower TL. Obviously this can either be a test of TL and go lower Monday or a continuation up. I favour up but Mondays PA will confirm one way or the other.

Psych Levels, Pivots, and Trendlines - Resurrected

We did turn at 6270 right on the W and M pivots and psych areas where price turned previously.

Psych Levels, Pivots, and Trendlines - Resurrected

Very nice set up this morning. This trade has been posted elsewhere. Lower high, in downtrend, shooting star, reject of 25 psych level 5 min chart on top, 1hr below.

1 hr HAMA, 6 ema

Exit 100+ at 62% ext of y's range just on the even number. We have people coming for the weekend so need to do some shopping etc etc. Good luck for the rest of the days trading.

Psych Levels, Pivots, and Trendlines - Resurrected

1st trade of day, in downtrend lower high reject of 25 psych level, shooting star. We'll see what happens if we get to 6375.

Psych Levels, Pivots, and Trendlines - Resurrected

4hr shows some target areas 6348 and 6270/80, these general areas I also saw on daily as psych levels/turning points.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice trades EV always good stuff. Islander cheers man you're a freak of nature (I mean that in the nicest possible way). OK guys I think I'm outta here, finally got round to that cuppa, a very nice morning indeed. I have no idea what to expect from ...

Psych Levels, Pivots, and Trendlines - Resurrected

I originally thought an up day with a strong close yesterday and a nice hammer on this 1hr chart. Didn't get any buys and the next candle closed a shooting star around 6655, so was then looking to sell being below 21ema (hama). Got 3 sells in today ...

1 hr HAMA, 6 ema

Islander said 6500, don't go against his comments in a hurry. Surely we're stopping here!!!! Important level, 6500, S2, fib ext.

Psych Levels, Pivots, and Trendlines - Resurrected

You won't see much in the way of indicators on this thread. I do have the smcscalper signals on my charts. I don't use them specifically to trade but they do have audible alerts that I find useful and they often can have signals in and around areas ...

Psych Levels, Pivots, and Trendlines - Resurrected

OK sanity has prevailed we have come a long way to this lower TL so I am out of last sell +9. Can't expect this to go on forever. A good morning so I might just go and put my feet up, have a nice cuppa tea and watch some telly.

Psych Levels, Pivots, and Trendlines - Resurrected

This one is adjustable I use fxpro's midnight time works well for UK session. You can change for any start time you like. For weekly monthly I use pivots multitime. The 1 min is a Hull setting 24.

Psych Levels, Pivots, and Trendlines - Resurrected

When 1 min had a lh then I sold here, stop at BE. We are now on 4hr/daily lower TL if it pops lower ..................

Psych Levels, Pivots, and Trendlines - Resurrected

I don't mind admitting I got things completely wrong this morning, that drop off from 6700 took me completely by surprise. I did get two trades in this morning at 6640 and the last one shown here exiting for +28 when we struggled at 6550.

Psych Levels, Pivots, and Trendlines - Resurrected

Nice, I have 50% fib at 6620 and we seem to be struggling just above there. Also W P at 6612.

Psych Levels, Pivots, and Trendlines - Resurrected