Very True AceTrader — I guess that's just part of the learning process. The search for the grail. I did it and I'm willing to bet many successful traders had similar experiences. Ebooks, trading mags, real books, signals... etc. If it were as ...

Pivot Point, Psych Levles and Intra Day Trend Lines

Very Good AceTrader — Near the end of January or the start of February let's carve out some time to meet. Possibly a Starbucks. (I'm a coffee hound) Give me a location that's agreeable to yours. I'll pm you later this week or early next.

Pivot Point, Psych Levles and Intra Day Trend Lines

Be Careful Here — Take a look at the chart below. Double top or break out? The fib in the pic retraced to 38 then headed north. That's a sign of strength but I'd be willing to bet some longer term players are shorting this top. I'd wait for ...

EURUSD

EURUSD - Be Careful Here. — Take a look at the chart below. Double top or break out? The fib in the pic retraced to 38 then headed north. That's a sign of strength but I'd be willing to bet some longer term players are shorting this top. I'd ...

Pivot Point, Psych Levles and Intra Day Trend Lines

AceTrader — I wouldn't worry about tying up this thread. We will have to get together sometime and chat about FX. mike

Pivot Point, Psych Levles and Intra Day Trend Lines

AceTrader — I live in Atlanta.

Pivot Point, Psych Levles and Intra Day Trend Lines

Let's Look at January 10th — Markets move when something changes. That change is usually news. I wait for the news to print and will not trade until 15 minutes has passed. The EURUSD will often wait until the news has been digested to make ...

Pivot Point, Psych Levles and Intra Day Trend Lines

Most suffer through learning curve... — I've lost two accounts since 1999. I've only been profitable for a little over a year. It's not an easy game. 10 Steps 1) Knowledge Acquisition Great traders are voracious learners. Most professional ...

blew my account

Another approach to the daily PP — Some traders will short at resistance levels and with good success. It's said that price wants to move to fair value throughout the day. Not convinced but a win is a win. Nice job.

Pivot Point, Psych Levles and Intra Day Trend Lines

Intra Day Analysis — Let's take a look from a pivot point perspective. Price is above the PP for the day so there's a very high probability it won't be going lower today. There is an interesting trend line that has formed intra day and price ...

EURUSD

MPP - Agree but... — This thread is about dead anyhow. It hasn't had a very good response. I honestly believe the system is too easy to implement. Most novice traders are looking for a more complicated approach to the markets. It' s human ...

Pivot Point, Psych Levles and Intra Day Trend Lines

Post Away - I'm game for anything — You can try other pairs. I only trade the EURUSD. Keep in mind that the EURUSD is the most liquid pair of all the majors. 80% of all trading takes place between the majors. So... if large bank traders are ...

Pivot Point, Psych Levles and Intra Day Trend Lines

Yesterdays Move... — While we are looking at the above chart... (Note: You can click on it to see the large version) Notice anything about those psych levels yesterday? How about price stabbing .4700 and then moving to .4750? What about the ...

Pivot Point, Psych Levles and Intra Day Trend Lines

EURUSD - Real Time Analysis — After yesterday's movement we are in a range. Let's take a look at the chart below. We have the PP at .4754. A break might take us to .4700 but I wouldn't short this move. A move above .4820 and we moving higher. ...

Pivot Point, Psych Levles and Intra Day Trend Lines

Ekling... — I'm not a full time trader yet. Soon I hope. I'm a computer guy... DBA. In the near future I hope to be managing a small hedge fund. I do trade my own capital but I'm not funded to the point of trading independence.

Pivot Point, Psych Levles and Intra Day Trend Lines

SRMFX - Question — How many currencies do you trade using PP and Psych levels? m

Pivot Point, Psych Levles and Intra Day Trend Lines

The EURUSD right now — Right at this minute we are at a serious confluence off support. .4700 - psych level Daily PP Trend line. If it breaks look out below. I believe it will hold the rest of the session but who knows. Check out the attached ...

Pivot Point, Psych Levles and Intra Day Trend Lines

Ekling - Thank You — Your English is fine. It's hard for me to put daily analysis up because it changes so rapidly. I'll give it a try in the near future but no promises.

Pivot Point, Psych Levles and Intra Day Trend Lines

Thanks SMRFX - Appreciate the Kind Words — I've never been to Bulgaria. I'd love to go someday. The great thing about PP is they are used in almost every market. I'm not a big fan of the US session either.

Pivot Point, Psych Levles and Intra Day Trend Lines

With Success? —

Pivot Point, Psych Levles and Intra Day Trend Lines