Comments on: Forex Pivot Point Trading

By: leveragefx

leveragefx — Sun, 22 Mar 2009 14:09:29 +0000

Most professional traders use Pivot Points. They are heavily used and its common knowledge how they are derived. Search for pivot point formula in Google and you’ll find many explanations of this. BECAUSE they are so heavily used by the pro’s and because this technique uses sound money management techniques, ie super small losses when wrong, it WORKS. You can get our TopGun software free at our website.

By: crgshell

crgshell — Sat, 14 Mar 2009 08:36:55 +0000

you did not explain how you arrived at your support and resistance levels?
its easy to draw lines in hindsight to support your theory.
with out an explanation as to how you arrive at your support and resistance levels it will not make much Sense!

By: leveragefx

leveragefx — Thu, 22 Jan 2009 03:23:57 +0000

First its impossible to answer this question with the data you provided. Everything in trading is based on CONTEXT. Which pivot point are you referring to, the daily, weekly or monthly?

What we do is use our FX Multimap trend tool. If it is less than 20+ strength and going up to a RESISTANCE level pivot we will look to sell it. If FX Multimap is 30+ then we will NOT sell that resistance and in fact wait for move down to buy, expecting price to breakout through.

By: jokerisherenow

jokerisherenow — Mon, 29 Sep 2008 04:57:51 +0000

What do you do if the price opens above the pivot (up trend) and goes on to hit the resistance point without hitting the pivot point. In that case what would you do?

By: jokerisherenow

jokerisherenow — Mon, 29 Sep 2008 04:36:30 +0000

Hey, if you dont mind how do you confirm your signals using pivots? I mean, what do you look at when you decide whether the trade is going to be a breakout or a reversal? Good luck.

By: brutus64

brutus64 — Fri, 20 Jun 2008 20:09:41 +0000

I just started using a pivot indicator on my meta4 and already my trading has been looking better and I trade with a lot more confidence. Its like driving at night with or without headlights…pivot points really “light” your path! More accurate than stoch/MACD combo’s IMHO. Just yesterday I bought on a support and price soared over 100 pips up within a few hours. That was a mini contracy but a standard would have net out about $800-$1000 on that one with a $2000 account! Not bad .

By: forextracer

forextracer — Wed, 04 Jun 2008 03:10:02 +0000

great training video for those looking to get better at forex trading!

By: leveragefx

leveragefx — Tue, 06 May 2008 21:16:34 +0000

First we use another tool I haven’t even put on youtube called FX Multimap. We compare statistically every currency to every other currency. We then buy strongest currencies vs weakest! So if EUR is stronger than most others and USD is weaker we buy EUR/USD on pullbacks to fibs, pivots and use our trend capture line technique for precise entry. We then have tight stops and trail winning trades. The avg wins in most of our systems are 1.5 to 3x+ bigger than losses. That’s key to success.

By: leveragefx

leveragefx — Tue, 06 May 2008 21:13:44 +0000

I agree, trading Forex for most new traders is NOT easy. The key to making money trading any market is not necessarily high win % but a high avg win vs small losses. You can be right 80% of the time and lose money or right only 40% of the time and make a fortune. Many of our systems are over 60% winning but what makes them profitable over time is not the win percentage but our trailing stop and FX Multimap technology keeps you in for the duration of the trend. Big wins/small losses!

By: cool70200

cool70200 — Sun, 27 Apr 2008 20:48:57 +0000

I’m want to start fx trading, how does a trader know when to use fibonacci, pivot or anyother tool? does it depend on currency pair or time level?