jokerisherenow (November 30, 1999 at 12:00 am)

What do you do if the price opens above the pivot (up trend) and goes on to hit the resistance point without hitting the pivot point. In that case what would you do?

brutus64 (November 30, 1999 at 12:00 am)

I just started using a pivot indicator on my meta4 and already my trading has been looking better and I trade with a lot more confidence. Its like driving at night with or without headlights...pivot points really "light" your path! More accurate than stoch/MACD combo's IMHO. Just yesterday I bought on a support and price soared over 100 pips up within a few hours. That was a mini contracy but a standard would have net out about $800-$1000 on that one with a $2000 account! Not bad .

forextracer (November 30, 1999 at 12:00 am)

great training video for those looking to get better at forex trading!

leveragefx (November 30, 1999 at 12:00 am)

First we use another tool I haven't even put on youtube called FX Multimap. We compare statistically every currency to every other currency. We then buy strongest currencies vs weakest! So if EUR is stronger than most others and USD is weaker we buy EUR/USD on pullbacks to fibs, pivots and use our trend capture line technique for precise entry. We then have tight stops and trail winning trades. The avg wins in most of our systems are 1.5 to 3x+ bigger than losses. That's key to success.

leveragefx (November 30, 1999 at 12:00 am)

I agree, trading Forex for most new traders is NOT easy. The key to making money trading any market is not necessarily high win % but a high avg win vs small losses. You can be right 80% of the time and lose money or right only 40% of the time and make a fortune. Many of our systems are over 60% winning but what makes them profitable over time is not the win percentage but our trailing stop and FX Multimap technology keeps you in for the duration of the trend. Big wins/small losses!

cool70200 (November 30, 1999 at 12:00 am)

I'm want to start fx trading, how does a trader know when to use fibonacci, pivot or anyother tool? does it depend on currency pair or time level?

mcarpen100 (November 30, 1999 at 12:00 am)

I've traded Forex for a while and have seen many presentations, bought tons of books and signal packages claiming that winning in Forex is simple. NOT TRUE! Trading this market PROFITABLY CONSISTENTLY isn't easy. Seeing what price DID after it's already happened is much easier than projecting what price WILL DO to make a successful trade. I'm not saying this system doesn't work however don't expect anything easy in Forex. Any trader who's had any amount CONSISTENT success will tell you that.

zbruno1108 (November 30, 1999 at 12:00 am)

Amazing tool... How the support and resistance lines are calculated??

leveragefx (November 30, 1999 at 12:00 am)

Yes this is in our TopGun software. We also now let you adjust both line thickness and width of the screen you can view pivots. Now you can intuitively know if a pivot level is a Monthly Pivot, Weekly or Daily. The monthly's almost always cause a bounce in the market, in other words most trades off monthly levels provide 30 to 50 pip moves. If you have an account at FXCM or FXDD you can get our software free if we are your introducing broker, costs you nothing and exactly the same spreads!

muslimah35 (November 30, 1999 at 12:00 am)

I really would like to try your software, I just have a question. Those clear pivot point lines are provided with your software or does it comes with the chart you are using for the presentation? I am using FXCM platform and the pivot point indicator they offer isn't an straight line like you are showing, it looks like the moving average indicator. Please, if you can clarify for me. Thanks.