Technical Analysis.

[oracle]

Technical analysis is wanted for all level traders with all time. Observation through Forex technical analysis provides the trader a degree of expectancy but no guarantee that any particular analysis will be absolutely correct. I'm also do analysis on my trading pair, witch pair i do trade

In order to trading forex, you have to focus by making a plan, your capital must be never lost in a few orders (f.e: you have to lose up to 20 deals with a stop loss of 50pipd to 90pipd for margin call) then you'll save your account from losses. the second thing is choosing a startegy and practcing it on demo at least three months. Strategy has got an average time frame such as H1 / H4; respecing stop lose, and focus for never trading on news time. As well as try to trade one or two pairs (like eurusd and gbpusd).

[jamalmolla5]

Analysis of market movements based chart study, moving averages, volume, open interest, formations, and other technical indicators. Source Forex-Metal. From all of them moving average is the best analysis.

[oracle]

I have closed the very first trade on the Eurusd pair opened by me today with a profit of 150 dollars because I realised that I entered with a big lot size.

Congratulation!
Our outlook for the pair of Eur/Usd For today is going to check our weekly resistance that is setting at the level of 1.2603. In this price we can decide to short selling by target towards our wekly pivot point 1.2465. But in the same times we can buy above this level for sclaping some pips 20pips to 35pips. In case of buying then stop loss must be set below the weekly pivot point. In case of selling must set our stop loss above the resitance 1.2603 then SL = 1.2653.

[esif]

Welcome @cresteden

Pivot point is very very useful method to make your forecast, because we use historic rates to determine future rate. f.e we took the highest, lowest and close price at New york session of yesterday then we calculate our pivot point. The formula is pivot point = (High + Low + Close ) / 3 is a strong level when the buyers and sellers decide to buy or to sell. In my interview if the market is bearish yesterday we can sell below the pivot point by taking profit from 35pips to 75pips in working day. However, if the market was bullish we can buy above the pivot point. But our stop losses should set above/below it by 40pips.

Very good definition of pivot points and now i will also make some trades the same as you had described and technical study is good way to read market, but when your prediction goes wrong, then one feels bad.

[cresteden]

I will work with pivot point in trading following the the analysis you shared, nice one indeed Thanks for sharing

[oracle]

Thank you oracle for this post i do love pivot point technical analysis.

Welcome @cresteden

Pivot point is very very useful method to make your forecast, because we use historic rates to determine future rate. f.e we took the highest, lowest and close price at New york session of yesterday then we calculate our pivot point. The formula is pivot point = (High + Low + Close ) / 3 is a strong level when the buyers and sellers decide to buy or to sell. In my interview if the market is bearish yesterday we can sell below the pivot point by taking profit from 35pips to 75pips in working day. However, if the market was bullish we can buy above the pivot point. But our stop losses should set above/below it by 40pips.

[budado]

I'm sure right now most traders prefer to use both technical and fundamental analysis but me right now I just prefer to use technical analysis. Its better to plot than to think how the market will going to react base on this news and so on. For me fundamental analysis is more accurate but same time technical analysis is also better. I'm happy and earning good amount of money. I'm hoping that even though my skills is limited I can use technical analysis as my earning strategy.

[abbey ak]

wow that is why i really like to visit this forum simply because i usually get up****ed now i think i know more about the Numerical analysis and the Classical analysis just with your kind picture and i just have to practice this numerical analysis and the classical analysis i know this will go a very long way in addition with my analysis

[cresteden]

Thank you oracle for this post i do love pivot point technical analysis.

[oracle]

I think that GBPUSD is facing a Resistance in moving average 200 + trend line on 1H chart, thus it is expected that GBPUSD will continue decent up to 1.5730 where a moving average 200 + resistant on daily chart.

My overview in this pair that it is going to be still in a range period in this week between two of the strongest level which lies in support 1.5680 and resistance 1.5950. Therefore it is very wise to wait and open two positions for long buying at 1.5680 (0.5% Risk of your money managment) then if the market will be indicated for a bearish market we have to rebuy again at 1.5580 (0.75% risk), however in case of breaking the level of 1.5555 then we have to set our stop loss in it and should make a new analysis.