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I practice this in demo accout, there is some mistake I guess , because I still waiting to get some profit, at this moment no profit no points, how can me order the MT4 to start trading with buy in 1.6578 for exmple? SL = 1.6723 and TP = 16236 ?Quote:
Originally Posted by Warico
analysis for today 3 / 26 / 2014
GBP/USD
Resistance : R1 1.6600 R2 1.6625 R3 1.6645 R4 1.6675
Support : S1 1.6465 S2 1.6440 S3 1.6420 S4 1.6390
Open : 1.6528
High : 1.6540
Low : 1.6525
Range : 15 Pips
Running Price : 1.6538
Strategy : SELL at the level 1.6538 stop loss at the level 1.6600 target take profit at the level 1.6420 or at the level 1.6390
GBPUSD went up yesterday and had broken the resistance level at 1.6507. So, in my view, for today, GBPUSD will be possible to continue going up and the nearest target is around 1.6560 as the next resistance level or even higher to 1.6612.
Woodie's Pivot Point daily calculation
Pair : GBP/USD
Date : Wednesday,March 26,2014
Resistance 3 = 1.6631
Resistance 2 = 1.6590
Resistance 1 = 1.6563
Pivot Point = 1.6521
Support 1 = 1.6494
Support 2 = 1.6453
Support 3 = 1.6426
GBP / USD daily charts of moving average systems with a downward through the objective, direction conversion potential. From the main rhythm, the recent high of 1.6821 pounds on the adjustment for the early rising secondary rhythm in the process, is expected after the recent correction rally continued. From the map hour trend, pounds after downward since March 19th, short-term support around the 1.6465 innovative low low flag formed the form relay prototype, days to focus on acting along the C point resistance range of 1.6560 since March 24th, is expected to decline after adjustment of short-term continuation.
Pivot Point result today
Pair : GBP/USD
Support 3 = 1.6382
Support 2 = 1.6451
Support 1 = 1.6490
Pivot Point = 1.6519
Resistance 1 = 1.6558
Resistance 2 = 1.6587
Resistance 3 = 1.6656
Wednesday,March 26,2014
---------- Post added at 07:06 AM ---------- Previous post was at 07:01 AM ----------
Pivot Point Result Today
Pair : GBP/USD
Date : Wednesday,March 26,2014
Support 3 = 1.6382
Support 2 = 1.6451
Support 1 = 1.6490
Pivot Point = 1.6519
Resistance 1 = 1.6558
Resistance 2 = 1. 6587
Resistance 3 = 1.6656
Time Frame : Daily
I am trading this right away and I will be exiting at 1.6610. This is a very good opportunity to make money. I am trading with the daily chart and it has not failed me . Once it is set I jump in and take my own share.
---------- Post added at 10:42 AM ---------- Previous post was at 10:36 AM ----------
I am trading this right away and I will be exiting at 1.6610. This is a very good opportunity to make money. I am trading with the daily chart and it has not failed me . Once it is set I jump in and take my own share.
Hallo sure , I a new trader in Forex , and I can not understand what that mean? Support and pivot point and Resistance, My question is about who is every one of them is Sell or Buy, and SL and TP ? explain to me pleaseQuote:
Originally Posted by Salimin
Trading session on reduction pair GBP / AUD continued pairs dropped to the level of support in the 1.7900 price, but did not break this level and is now on H1 chart stochastic oscillator signals on growth and therefore it is possible that the pair will begin to rise to MA55 price 1.8075.
from the blue channel of the lower and purple long-term upward trend line of the lower limit of 1.6465 (S1) to obtain the support, then the upward adjustment. If the above 1.6600 (R2) resistance, may prove a long-term uptrend remains intact. However, given the negative divergences between the daily chart and price trend, if below 1.6465 (S1) support, may decline further, lock 1.6260 (S3) gateway.
Support: 1.6465 (S1), 1.6380 (S2), 1.6260 (S3).
Resistance: 1.6540 (R1), 1.6600 (R2), 1.6700 (R3).