LOL - Sorry - LACK OF SLEEP — Sorry all. I'm a new father and sleeping only a few hours a night. BillBSS - BEARISH engulfing candle.

Pivot Point, Psych Levles and Intra Day Trend Lines

Hello — BillBSS, Yes... I meant the 4th. (Sorry) There's a bulling engulfing candle that pushes below the pivot point. It hovers right at the pivot point and begins it's decent. If price would have made a push through .4750 we would have been ...

Pivot Point, Psych Levles and Intra Day Trend Lines

Thanks BookerT — Thanks.

Pivot Point, Psych Levles and Intra Day Trend Lines

European Session - Text Book Trade — Let's take a look at the European session last night. During the Asian session it bounced around between the pivot point and .4750. There was a significant BEARISH candle that broke through the PP. That's ...

Pivot Point, Psych Levles and Intra Day Trend Lines

BillBSS — I'll working on creating a more lucid post sometime today. I plot the pivots and psych levels and look for entries once the move through and pull back. I only trade during the prime hours. I post more later.

Pivot Point, Psych Levles and Intra Day Trend Lines

BillBSS - Sweet — Thanks. m

Pivot Point, Psych Levles and Intra Day Trend Lines

Zelli — Thanks.

Pivot Point, Psych Levles and Intra Day Trend Lines

PM = Private Message — PM is Private Message

Pivot Point, Psych Levles and Intra Day Trend Lines

Let's Look at Today's US Session — It was a no trade today but it's a good example how price obeys the pivots. Look at the pivot for the day. .4704 I hovers there for the entire Asian session and the first part of the European session before ...

Pivot Point, Psych Levles and Intra Day Trend Lines

Thanks Billbss —

Pivot Point, Psych Levles and Intra Day Trend Lines

Anyone Suggest Screen Capturing Software? — It has to be free. Thanks. Make sure you PM me with it... Don't want to advertise anything.

Pivot Point, Psych Levles and Intra Day Trend Lines

The System - Mechanical and Discretionary — 1) Use an indicator for Meatrader that plots pivot points on a 15 minute chart with the close of business for the US Session being the start of the day. If you need one let me know... I've got one. I ...

Pivot Point, Psych Levles and Intra Day Trend Lines

No PIP awards — I'm not going to win awards for the most PIPS but I'm not looking for them. I'm looking for percentage gain on a monthly basis. I have a hit rate that hovers around 75% and my drawdown last month was 21 PIPS. If I were a ...

Pivot Point, Psych Levles and Intra Day Trend Lines

No Indicators — Hmmm. Are pivot points indicators? Not sure to be quite honest. I use no indicators like MACD, Bollinger Bands and especially not moving averages. I'm working on posting some charts but my SnagIT trial has ended and I'm hunting ...

Pivot Point, Psych Levles and Intra Day Trend Lines

The combination of the three — I felt I needed 15 - 20 PIP profit objectives and a SL that was similar. I started trading only when the market was moving. Usually - shortly after a tier 1 release. I was in and out. I hate the idea of being ...

Pivot Point, Psych Levles and Intra Day Trend Lines

Systems Galore — I've studied about 40 different systems and forward tested them. I've purchased e-books, private lessons, real books... etc. I also needed a system that would keep me sane. I couldn't go to sleep nights when I had a trade ...

Pivot Point, Psych Levles and Intra Day Trend Lines

One of the best for retail traders — I've heard others that have been around for awhile say they are one of the best brokers for retail traders. I've been using them for quite some time. (Demo and Live) I've had one issue with a stop being ...

OANDA Discussion

Money Management — The pairs traded doesn't matter... although I'd recommend no more than 3 to start. The more intimate you are with a pair the better you'll be able to trade it. Trade smaller lots... micro lots. The great thing about the PIP ...

Advice on risk management

Thanks Kevin — Thanks Kevin for the reply.

Peaks and Valleys (Trading Naked)