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The pivot point can be used for those transactions when price fluctuations in the limits (range-bound traders) and those transactions through the single market break (breakout trader). The breakout traders use pivot point to identify the key needs to be broken for a variation to be considered is the one to break
I agree, although a dealer may, from the point of view of a detailed analysis of the most scalper, is good to be in the right order. I use to work in the body of the m5, but constantly verify m15 h1-h4 and graphic magazine. Bigger schedules to give a good picture of the market.
Yes H4 and H1 time frames have strong trend but you should also notice the trend farmed in these charts consists many days data and there are many traders who can hold their positions for more than 30 minutes. Such kind of traders have nothing to do with H4 so better to use it for taking direction and watch on lower time frames.
hi member, whatever trend you chose in trading is ok but what matters is that you must win the trade. i do follow MACD indicator and also do the fundamental analysis and technical analysis but i just depend on my own strategy. i do follow price action strategy thats is so simple and easy to understand.
sorry,am the newer to this forex. if u got any information regarding this please post that valuble information.and thank to asking this type of question everyone can know by this post.
I think at this time due to ressession in the market and economy is making every day new bottom so i think that the down trend for trading is good for us because as we see the recent charts of h4 of gbpusd it is a down trend
Nice strategy, if you do in fact take into account my suggestion present trend is best for Forex and traders using Forex. And you guys should say a few suggestion if you do in fact apprehend that helps me and alternative newbies.
Forex is good money making business. Nice strategy.,.But also use time frame H4 and H1 to check main trend because the trends on M5 and M15 are not good enough and price can move against you anytime.nice job.
i think the trend are undtermined so i think better we trade using fundamental analysis because fundamental have effect in market unlike technical that have not effect in market but so many trader using technical
I do believe in which elections will often be the way related to fast profits, as well as Many of us acquire one to move this original solution to assure come across the most effective take into consideration will likely be with which you can achieve by means of the suitable strategy, particular symptoms as well as trusted.