I look out for daily/weekly breakout using pivot points. Setting up TP is always challenging in forex.

Identifying breakout

The global GDP at the start of year 2000 was $ 32 trillion approx. The global GDP at the end of year 2009 is around $ 60 trillion approx. From year 2000-2010, the world added $ 28 trillion goods and services. Someone who entered the workforce at the ...

Isnt a service career more satisfying then trading?

I have been researching more about weekly pivot system. With weekly entry, it gives a trader time to persue an intense full time career. I dont like sitting at home all day and doing overtrading. Thanks blueace..i am studying your system, mixing it ...

The Pivot Net Revisited (Weekly Pivot Net)

Daily pivot points are also giving false signals leading to SLs.

4 hour pivot points?

Pivot points are useful. But like any other indicators, they produce lot of false signals leading to bad trades For example: yesterday the price in eur/usd crossed pivot from above in asian session and now it is expected that price will test support ...

Pivot strategy for newbies

This is how profit is generated in a forex market or any other financial market: A sells to B for $ 1 B sells to C for $ 1.50 C sells to D for $ 2 D sells to E for @2.50 E cant find any buyer over $ 2.50, so he sells to F for $ 2. A, B, C, D earned ...

Where the forex profit comes from and how much money can be leveraged?

Hi Fxpilot, Merry xmas. Thanks buddy for the answer. But dont you think asian traders, european traders and american traders will have their own pivot points based on previous day trading?

4 hour pivot points?

The markets are inherently unstructured. Technical indicators give it some sort of structure but overall, price action is not in our hands. Blaming ourself for random market movements causes anxiety, depression and palpitation.

Taking full responsibility for your trading

For last 3 months, i have not studied seriously and playing with forex markets. I have tried few trading set ups and nothing has worked. I have not earned anything yet. My family is totally against forex trading and they are encouraging me to finish ...

Isnt a service career more satisfying then trading?

Great. If you are making money on a daily TF, nothing like it. I salute you. Wish i could also start making money on a daily TF and work on a regular full time job.

Isnt a service career more satisfying then trading?

cesarnc is still going strong.....with 14000 + posts.Looks like he is the king of forex markets. Cesarnc, can you please guide new traders? You have 3 + years of active trading experience...

Tired of making money!!!

Sorry. It is a bloody, harsh, rash, ruthless, emotionless forex business.

Tired of losing money in forex

the short trend is up..eur/usd up

EURUSD

I have decided to finish my professional exams, start an internal auditing career and trade on daily/weekly charts. Less trading is better.

Isnt a service career more satisfying then trading?

I love this line. Technically, they are market mood swings. It is a hell to cope up with market mood swings. If you put SL, they get hit. If you dont put SL, it gets in drawdown.

The Holy Grail?

The question is does Elliot works?

why people say Elliot is hard to learn?

From the first glance, forex looks so easy and cool. Grab net 40 pips a week and depending on your pip value, calculate the time it will take to make $ 1 million. Yes, just net 40 pips a week !! But in the end, 95% of traders mess up triggering ...

The reason why 95% of new traders consistantly lose money

I feel bad for Xaron. He is a great trader with sound reasoning and research. But market has got 'bipolar disorder'- excessive overeaction and mood swings. We get trapped with markets bipolar personality and can not think/react as fast as market ...

$5k to infinite