I'll second watching CNBC, I pretty much always have it on when I'm trading. Some beautiful women on there too which makes it easier to watch. I generally avoid any predictions made, but it speeds the process up I think when you hear and ...

Cable Update (GBPUSD)

Mine changes a bit from time to time, depending on what time frame I'm trading and market conditions. Price action and support and resistance are the constants to my trading. 15min or under is largely stochastic/macd, on charts 15min - 1hr is ...

how often do you change your system?

Just echoing what everyone else has stated. Don't take to negative of info to heart. Good old family pump us up and push us down to keep us grounded. It's the same way with mine, thankfully they have all been rather supportive of my forex endeavor. ...

Advice & Opinions appreciated

Largely I agree with darkstar My view is shorter term (years or decades) a method will likely get a boon from more people using the method. Over long term it might likely weaken. As traders we constantly exploit time, price and other trading systems ...

Sharing hurt your method?

Truthfully I think S/R work about perfect with trend lines, they give a great idea of where a future bounce will likely occur. At least for me, it's hard to tell where the next bounce will occur without S/R. But then my philosophy on trading is not ...

S & R Cracked

I would say their effectiveness comes more into play as more people use them. I see them pushed more and more by web sites giving FX S/R pivots. Although they seem to work rather well for me the way I use them. I've often wondered if I made a bogus ...

Daily GBP Povit Points (S/R levels)

I saw that one too, I'm just waiting for it to finish it's current dip before I buy.

USDCAD trend reversal?

If you're just trying to take bounces off pivots, you likely will not have great success. I can't speak for everyone, but I generally use them as indications of where to look for price action or confirmation from other indicators. Like with a simple ...

Daily GBP Povit Points (S/R levels)

I personally tend to respect recent wicks, older ones I'm not concerned with. Someone else on here stated exactly how I feel about indicators and S/R "they are simply points of interest where one makes a decision". The best place to look for price ...

S & R Cracked

Ya I think you still need a demo or real account, I know strategy builder FX has a a free never ending demo using the MT4 platform.

Cannot Find Metaquote Demo

lol my charts normally look like christmas trees, only 2 real indicators (macd/stoch) but S/R pivot lines are everywhere (daily, weekly and monthly) and 2-3 trendlines. But then I don't really use just one system so too speak. I use several ...

I really need a simple system

Theres a ton of sites out there that will give you them for the major currencies, also calculators that you can just enter the high/low/close and will give you the value. Also depending on the platform there are also scripts that will do it ...

How do i get Daily caculated pivot point

lol Mother you lost me with that stuff, lol it's ok, I'll get it sooner or later. Sometimes I'm just a little slow. I dig the 3d model Fxorce, I'm also curios what exactly is the 3rd point. I've heard a few mention volume and intensity, which I ...

The Concept of 3D Charting.

Aye the MT4 platform is your best bet. Tons of stuff out for that one and you'll likely to get more help using something more mainstream. I know I'll be of no help, lol I'm trying to learn to program my own scripts but still a long way off. Can't ...

Automating trades

It largely depends how you trade I suppose. I use them very seldom. But I tend too just shoot for one pivot too the next pivot so I have clear entry and exit signals. But if I see one just shooting by one of my exit targets I'll likely set a ...

To Trailing Stop or Not To Trailing Stop....

From what I can tell with pivots, is they largely represent where price was previously. Then you use high, low and close to determine how much movement was previously made, to give indications of where price might meet resistance or support based on ...

Need help with Support, Resistance and Fib

What helps me get through a losing trade, is telling myself it's better have the money in a winning trade then a "what if" trade. There are plenty of winning trades out there and if you're invested in a possible you're much more likely to miss a ...

The most difficult thing?

Yes they aren't perfect. And often hit older (daily pivots) weekly or even monthly pivots. You might need to adjust the time frame on the indicator or try another (some aren't to accurate). But they give a good ruff indication of where resistance ...

Need help with Support, Resistance and Fib

It can be done, but coming into the market you really should take a slower approach. After a you've built the account up, I could see setting aside part of it for the riskier trades. But it should always be a small margin of your account. Never risk ...

$300 Start up in a Mini a/c - What trading system could increase this to $1000/month

Color me a noob, but isn't most divergence just a pull back to the trend? At least how I use it, if it breaks the trend it breaks it but they both say the same thing at that point. However, I just use divergence for the shorter time frames and trend ...

Which is more profitable: Trend or Divergence trading?