Posts Tagged ‘pivot-points’

Three Reasons why you need to go for an automated forex software system!

Forex system software offers three major benefits to a forex trader to make consistent profits in forex trading. The benefits will profit you in the long run of your forex trading. Find out what are the three major benefits of forex system software!

This is because that they might not have enough knowledge on trading or they might not being able to analyze the forex market correctly. Previously, traders used to analyze markets using mathematical methods such as trend charts, pivot points, moving averages, Elliot wave methods, Japanese Candle Stick Charting, etc. All the above mentioned methods are all mathematical methods (also called mathematical algorithms) which are used to analyze the forex markets.

Now, some special tools have been developed for the sake of analyzing the… Continue Reading

Forex Time Trading Machine – Forex Trading System And Forex Signals.

Time and predict large movements in the possible and probable future price charts! High Probability Trade Pivot points in time where you have big moves happening on a consistent basis.

Forex Time Trading Machine – Forex Trading System And Forex Signals.… Continue Reading

Peter R.Bain – Trade Currencies Like The Big Dogs = 1.9 GB

Peter learned the art of trading in the early days of his career from some of the top traders in trading houses. Peter spent 18 hours a day over an 18-month period learning anything and everything he could about this new-found career. Since then, Peter has condensed his ideas down into a synthesis of strategies, techniques and tips that most of the Big Dogs in this business can relate to.

Part I: Basic Technical Analysis Tools
How Price Moves – The Rhythm of the Market
Support and Resistance – High Probability Trading
Price Patterns – The Past Predicts the Future
Pivot Points – Professional Tool
Candlesticks – Know your Candles
Trendlines – See the Big Picture
MACD – Easy Money
Stochastics – Powerful Tool
Price Projections – Know Where Price will end up
Time of Day – Best Time to Trade
Commitment… Continue Reading

Forex Trading Myths – Why Buying Low Selling High Will Lose you Money!

This may seem odd as it`s an accepted wisdom, but if you try and apply it in your forex trading strategy you will lose money.

If you don`t realise why this is – read on and we will explain why.

Of course, the aim of all traders is to buy in at the bottom of trends and sell out at peaks but it`s impossible to do and the way most forex traders do it means they lose.

The key to understanding why you can`t do it, is to realize that you have to predict in advance where prices will go or buy into a low or sell into a high and hope the levels hold.

Fact is you can`t predict where forex prices are likely to go and if you rely on hope then… Continue Reading

A Complete Guide to Technical Trading Tactics: How to Profit Using Pivot Points, Candlesticks & Other

The Complete Guide to Technical Trading Tactics can help the new individual investor understand the mechanics of the markets. Filled with in-depth insights and practical advice, this book details what it takes to trade and shows readers how they can broaden their horizons by investing in the futures and options markets. The Complete Guide to Technical Trading Tactics outlines a variety of proven methodologies-pivot points, candlesticks, and other top indicators-so readers may use those… Continue Reading

Surefire Trading Challenge Scam – 6 Forex Systems Review

Do the 6 winning Forex systems of Surefire Trading Challenge really work? Having seen all the systems and how they work, I am going to give you a preview of them and tell you whether they can really make money in this article. The first thing that I did with the techniques is to try them out on my demo account first since I suspected that such 2,000%+ returns systems might be very risky. 1. What is the Surefire Trading Challenge and What Can You Learn From It? This Forex trading competition was started in 2008 December and attracted 569 people to participate. After just one month, there were some systems that produce amazing results ranging from 156% returns to 2,300+% returns in just a month. The top 6… Continue Reading

Getting it Right – Choosing a Forex Strategy

Choosing your Forex trading strategy is a significant part of beginning your Forex career. Basically, the two strategies are fundamental analysis and technical analysis. These are the same in the Forex market as they are in the equity market. Most Forex traders use the technical analysis strategy because it is simpler. Below is a brief overview of each strategy and how they are used in trading Forex: Technical Analysis Technical analysis being the most popularly used strategy, we’ll start with it. The application of technical analysis is nearly the same in the Forex market as it is the equity market. Technical analysts analyze price trends. There is only a single difference and this arises from the fact that the Forex market is open for 24 hours a day. This changes the time frame… Continue Reading

How to Trade Forex Using the Support and Resistance Forex Trading Techniques

Many professional forex traders have been using support and resistance levels as part of their forex trading strategies to trade the currency market. Besides currency trading, there are other financial instruments like stocks which also use support and resistance. It is considered to be one of the most powerful ways to trade forex as it is based on price actions itself. Support and resistance trading is understood as once the price reaches a certain level, it may stop, find it hard to break through that level and then reverses. When traders are able to identify these activities, they will be able to gain huge profits from the forex financial market. Support levels are identified when buyers push the price up when price reaches a certain level which finds it… Continue Reading

Pivot Points and Candlesticks Trading Strategy

Pivot point analysis is based on mathematical calculations used to determine future support and resistance levels. The pivot point value is derived from the high, low and closing prices of the previous price bar, and is then added to and subtracted from the previous bar’s reference points to determine support and resistance levels for future trading. The pivot point (PP) formula is :

1. PP = (H + L + C)/3
2. First resistance level (R1) = (PP*2) – L
3. Second resistance level (R2) = PP + (H – L)
4. First support level (S1) = (PP*2) – H
5. Second support level (S2) = PP – (H – L)

There is some debate about which value should be used for the closing price in the virtually 24-hour forex… Continue Reading