Here is a chart showing this morning's (Weds 20th May 2015) scalp action, with an explanation for entry strategy. Here is the 30 m chart which is showing a definite down trend. So the move will be a short trade. image And here is the 10 m chart ...

EUR scalping at the European Open

My time zone is GMT (London time).

EUR scalping at the European Open

Set up for Weds 20th May 2015. image And here is the outcome. Price was a little too far away from the pivot, but after waiting for it to reach its peak at 06:30 an entry saw price drop through sharply until it reached the first support level at 8 ...

Daily pivot bounce

Good morning pivot traders. Here is today's set up on EUR/USD. The Euro has taken a deep dive since it broke through the pivot yesterday, and this morning is well below. But a weak USD sees EUR making its way up towards the pivot. So, will will see ...

Daily pivot bounce

Oh dear. Price didn't bounce off the pivot today, but dropped straight through it. image What appeared to be a retracement to the pivot turned out to be a reversal to the downside, resulting in losses.

Daily pivot bounce

Its Sunday evening, and I'm looking at the set up for tomorrow's potential daily pivot bounce trade. EUR/USD is trending up, having breached the 11400 level. with the new daily pivot set at 11413. If this system works we should see price retrace to, ...

Daily pivot bounce

This chart of EUR/AUD illustrates this simple scalp strategy. Step 1. Identify the major trend, which in this example is to the upside. Step 2. Wait for the pull-back at around 7 am, and let it settle into the next bar on the 10 m time-frame. Step ...

EUR scalping at the European Open

Good morning pivot bounce traders. Here are the set-up charts for EUR and GBP pairs, all indicating a bull rally. We wait for pull backs before taking long positions at about 8 am for EUR pairs and about 9.30 for GBP pairs. Keep an eye open for news ...

Daily pivot bounce

I just wanted to illustrate the strategy of the Daily Pivot Bounce method with this set of charts of GBP from today (Tues 12/5/15). It is easy to become attached to a particular currency or pair. But when this happens we can miss opportunities ...

Daily pivot bounce

How's this for a pivot indicator for MT4? image I am really p****d off because my system crashed this morning and I missed out on all those pips.

Daily pivot bounce

I have just installed the indicator and although it does give support and resistance levels it doesn't give the daily pivot. It is also very messy because it shows levels on previous days. So I am going to look for a different one now that I have ...

Daily pivot bounce

Thank you. I'll give it a try.

Daily pivot bounce

My trading platform crashed this morning and I was unable to use it, so I have downloaded MT4, but it has no pivot points. Trying to trade without pivot points and support and resistance levels is like trying to drive in the dark without lights. ...

Daily pivot bounce

EUR is showing signs of recovery this morning s those two trades got stopped out.

Daily pivot bounce

Here is today's pivot bounce set up for EUR pairs. Two trades entered, one with USD and one with CAD, both with T/P set to the first support level. The plan is to take profit and then allow price to pull back to the daily pivot (or near it) at ...

Daily pivot bounce

Stand by for a EUR downturn Guys. Here are the charts for Monday morning's pivot bounce. You could choose any of these, or you could also look at EUR/NZD and EUR/GBP. image A very strong GBP gave the best performance with the EUR today. However, ...

Daily pivot bounce

I only choose those that are at the top of my 'top movers' list and show price touching a significant new high, preferably with a '00 resistance level, like the one in the GBP/CHF chart above. The pairs you choose are entirely up to you. Good ...

Top movers overnight retracement

Is this a candidate for a top-movers overnight retracement? Let's see on Monday morning. image

Top movers overnight retracement

Yes, you're right. I did make some pips on AUD, but I wanted to show the effects of the support levels. thanks for the input.

Daily pivot bounce