...and with the pivot levels

Channel-to-pivot approach

From a directional momentum point of view, it is interesting to observe the confluence of the 38.2% fibo retracement level (in down trends) or the 61.8% fibo retracement level (in up trends) with the channel limits (I marked both in blue in the ...

Channel-to-pivot approach

I just noticed gurangax' trade stats - how incredibly lucky he has been. He must have a whole army of angels watching over him. Those kind of results give us survivorship bias - a bit like relying on regressions..;-) There is zero risk management ...

Channel-to-pivot approach

Today I entered EURGBP short - 3 times. The last one still running.

Channel-to-pivot approach

Good to see like-minded people, Tudor. Pivot levels are probably more related to median lines than to regressions, which still doesn't explain their oddly predictive value in the world of Forex (vis-a-vis non-24 hour markets). I have been struggling ...

Channel-to-pivot approach

Thanks. The key is to avoid being on the wrong side when the bias is changing/ranging. You should gauge the pull-backs / adverse excursions from the LBF in the context of currency pairs and individual currencies: I wouldn't pick a pivot level for ...

Channel-to-pivot approach

MathTrader7 has created a nice tool for offline index charts. It is a lot more than you need. As for the regression channels, you can start by playing with the MT4 built-in regression tool. Pivot point indicators are all over this forum, just run a ...

Channel-to-pivot approach

CAD has been steadily strengthening over the last three days (about 74 hours) and it eventually changed bias altogether from 13 hours ago. Even though I had been observing the slope change since about 2 days, I still decided to enter 2 trades in the ...

Channel-to-pivot approach

One setup this morning on NZDUSD.

Channel-to-pivot approach

One more thing: The above relates to the question of methods, as well. Assuming your method is to set very narrow stop-losses and aim for long winners, you will still want to track your margin and profit-loss ratios at the end of the month in order ...

Real Fx traders do not use stoploss

Totally unqualified answers around here. Look at it as a business and you will have all your answers: your equity is your working capital, orders are your stock. Trading businesses aim for good deals (buy relatively cheap - sell relatively high; ...

Real Fx traders do not use stoploss

Thank you very much for your index chart creator, MT7 - I have spent the whole day cross-checking the behavior of indices vs pairs. Doing that I noticed that a simple strength indicator (i.e. 100*(Close-Lowest Low)/(Highest High - Lowest Low)) over ...

USDLFX Offline Chart Creator EA

A little epilogue: The thread has been wasted on finding currency rings instead of trying to find out what to do with them. By now, it should be clear that fully hedged (i.e. implying risk free and therefore profit-less) rings can be formed from ...

Three pairs hedging/Renko

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NZD/USD

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AUD/USD

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Dragon Riders GBP/JPY

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EURUSD

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Cable Update (GBPUSD)

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