Pivot points are typically used in futures pits. To be honest, they have nothing to do with Forex, and I never understood why people give them weight at all. I used them for a while, but didn't find them overly useful to be honest.

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Truthfully, I see this more as a 200 pip thick line. A huge zone. This is why I think ultimately it's probably a short. These areas are really, really difficult to get through. Great charts though, and there is nothing wrong with waiting until we ...

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Personally, I would like to see it clear 100 decisively first before shorting.

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No, it has to do with two things: Location. (And it trumps everything) And the charting at that particular site isn't the greatest. The charts look stretched out, so to speak.

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No, daily bars are fine as well.

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IBFX is GMT based. I would prefer that in a broker, but I do not think it matters all that much.

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I let it run because of the set up, I felt it was worth giving it a shot to run. I don't always let 200 pips come and go like that, but I figured it was worth it. (I was right, luckily.) I kinda feel the same about this NZD short......we will see ...

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I am already short this one from the 4 hour pinbar (edit - I should say the pseudo pinbar. I know it wasn't perfect, but just look at where it stopped! 60.)

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For what it's worth, I agree.

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I have two thoughts on this. #1, it's a straight drop down, which normally calls for some kind of bounce. However, that's a bit predictive, and I have learned predicting can be costly. I would be interested in a long here as well.....but I wouldn't ...

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usd/cad Anything beyond the triangle in my opinion is "too noisy".

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Sometimes you can add as well. — If you traded like this....you cleaned up. This is an example of how sometimes you can add to your position. If the second one got stopped out, you would still be in profit in a big way.

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In general yes....but you could probably thin those areas out a touch..... But I certainly could trade that chart and make money!

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As an area, yes....as for price action....I would wait to see it's reaction. We are still in the middle of deciding I believe.

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As I have been saying - It is always better to wait for it to get to the zone, and see what it does. Patience.

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It's alright that you post these, I like your input. It actually is similar to my line of thinking. (However, it's a little "advanced" for where I am at now.) But please.....keep posting! As for this chart, I agree 110%. What does this chart say? In ...

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Those are great charts. I believe NQ is emini NASDAQ, correct?

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You will find that a lot of the chart is choppy noise. Especially when you zoom out like this. Amazing how difficult it is if you don't step back and look at the big picture.

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I keep getting this question. — I keep getting the same question from people in my message box. It is a variation of the following: "Do you have a chat room or live trading room?" I do not. At all. I wouldn't have a live trading room under any ...

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For starters, I would just draw lines. You are not looking for exact pip areas, just that if you get a pinbar at 1.50 for example, it should not bother you that the top of that bar might be at 1.5025....it's still the same "area". This is one of ...

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