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Pivot Point Trading Technique

  • #21
  • Mar 15, 2008 6:23am Mar 15, 2008 6:23am
Quoting magnumfreak
if you want some longer term targets plot the yearly pivots on each currency. Since you only have to calculate these once a year I just manually calculate them and place on the chart. It is amazing how tightly the price respects these levels.
hey MF...

Thanks for your reply. I would like to see how this works. How would you calculate the yearly pivots by hand?
"Keep your eyes on the helpers" - Mr. Rogers
  • #22
  • Last Post: Mar 15, 2008 6:35am Mar 15, 2008 6:35am
I started this system on Thursday Feb. 7th and here are the results through 02/29/08.

G/U - 12/20 - WR 60%
E/U - 6/12 - WR 50%
A/U - 5/9 - WR 55.6%
U/CHF - 6/10 - WR 60%
E/CHF - 4/8 - WR 50%
G/J - 8/13 - WR 61.5%
E/G - 1/2 - WR 50%
G/CHF - 6/6 - WR 100%
E/A - 4/10 - WR 40%
E/J - 5/9 - WR 55.6%
U/CAD - 1/4 WR 25%
N/U - 3/9 WR 33.3%
U/J - 2/3 WR 66.7%

Winning Ratio totals combined since 02/07/07: 54.8%

This total includes the last two weeks of trading. We are still holding above 50% which is pretty good by me considering I am trading this with my other strategies. Even thought the W/R isn't quite as good as I would like, it really comes up with some key wins when I need it.

There has been a slight modification to this strategy, which I will go into on my main forum when I get a chance.

See you next week
"Keep your eyes on the helpers" - Mr. Rogers
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