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Low risk and pivot strategies

  • #1
  • First Post: Edited 5:12am Aug 12, 2006 4:32am | Edited 5:12am
Hi everybody,
I'm new in this great forum.There's a lot of learning resources here,for both beginners and experts. I red about good strategies. Is there a post about pivot strategies?What is the best time to calculare them?

Canados
  • #2
  • Aug 12, 2006 8:44am Aug 12, 2006 8:44am
Quoting canados
Hi everybody,
I'm new in this great forum.There's a lot of learning resources here,for both beginners and experts. I red about good strategies. Is there a post about pivot strategies?What is the best time to calculare them?

Canados
Hi Canados
Just been studying this myself a few minutes ago.
Here's a couple of links to get you going
Bookmark the Investopedia one, you'll find loads of info there

http://www.investopedia.com/articles...5/FXpivots.asp

http://www.investopedia.com/articles.../04/041404.asp

http://www.fxhometrader.co.za/Forex_Pivot_Points.html

Enjoy

Peter
  • #3
  • Aug 12, 2006 8:51am Aug 12, 2006 8:51am
Hi Peter,thank you so much...I'll study your links.I'm studying strategies based on pivots because they offers the possibilty of setting stop loss of a few pips just below or above the pivot
  • #4
  • Aug 12, 2006 8:54am Aug 12, 2006 8:54am
Quoting canados
Hi Peter,thank you so much...I'll study your links.I'm studying strategies based on pivots because they offers the possibilty of setting stop loss of a few pips just below or above the pivot
Hi again
If you use the search facility on the site and ask it return hits only as posts, you'll probably find loads of ideas.
There is another thread just below this one in the Beginners Forum that already has some posts you can read.
http://www.forexfactory.com/forexfor...ead.php?t=5698
Peter
  • #5
  • Aug 12, 2006 8:59am Aug 12, 2006 8:59am
Quoting canados
Hi Peter,thank you so much...I'll study your links.I'm studying strategies based on pivots because they offers the possibilty of setting stop loss of a few pips just below or above the pivot
Try this indicator if you're using MT4, it has a few quirks but I've found it accurate.
If you're not using MT4 you'll have to look and ask elsewhere

Peter
Attached File(s)
File Type: mq4 AutoPivotIndicator.mq4   14 KB | 543 downloads
  • #6
  • Aug 12, 2006 8:59am Aug 12, 2006 8:59am
Quoting PeterFM
Hi again
If you use the search facility on the site and ask it return hits only as posts, you'll probably find loads of ideas.
There is another thread just below this one in the Beginners Forum that already has some posts you can read.
http://www.forexfactory.com/forexfor...ead.php?t=5698
Peter
thanks again..do you know what is the best time to calculate the pivots?00:00EST?00:00GMT?
  • #7
  • Edited 9:50am Aug 12, 2006 9:08am | Edited 9:50am
Quoting canados
thanks again..do you know what is the best time to calculate the pivots?00:00EST?00:00GMT?
I live and trade (spreadbetting) in the UK.
My computer is set to EST (USA) mainly to instantly get my mind in tune with the opening of the US market (math was never my strong point) without adding x hours to UK time.
I just stick the indicator on the chart, watch the price action and make my call from there.
Not much help I know but there are some experienced traders on this board and you'll get much better ideas from them than a newish trader like me. I rarely offer advice as I can't comtemplate the thought that an error on my part could cost someone their hard earned cash.
Happy to help at a basic level though, so don't be afraid to ask, if I can help and feel it's within my field of reference I'll offer what knowledge I have.
Just don't ask me if I think the EUR is going up or down
Peter
  • #8
  • Aug 12, 2006 9:12am Aug 12, 2006 9:12am
Quoting PeterFM
I live and trade (spreadbetting) in the UK.
My computer is set to EST (USA) mainly to instantly get my mind in tune with the opening of the US market (math was never my strong point) without adding x hours to UK time.
I just stick the indicator on the chart, watch the price action and make my call from there.
Not much help I know but there are some experienced traders on this board and you'll get much better ideas from them than a newish trader like me. I rarely offer advice as I can't comtemplate the thought that an error on my part could cost someone their hard earned cash.
Happy to help at a basic level though, so don't be afraid to ask, if I can help and feel it's within my field of reference I'll offer what knowledge I have.
Just don't ask me if I think the EUR is going up or down
Peter
...ok..I'm a beginner in the forex too..tkank you for your answer
  • #9
  • Aug 12, 2006 9:14am Aug 12, 2006 9:14am
Quoting canados
...ok..I'm a beginner in the forex too..tkank you for your answer
the pivots are generally calculated at 4:00 p.m. EST
  • #10
  • Aug 12, 2006 11:53pm Aug 12, 2006 11:53pm
thanks guys for a lot of information about pivots....
  • #11
  • Aug 13, 2006 6:07am Aug 13, 2006 6:07am
Most used times to calculate pivots
00:00 GMT
05:00 P.M. EST

Canados
  • #12
  • Last Post: Oct 23, 2007 11:33am Oct 23, 2007 11:33am
I read some of those artical and tryed the one that Kathy Lien wrote. I acturaly made 84 pips from the stragery using mid pivot points. Now I use it all of the time. I seem to have more wins than losses now. Sure I have losses but their not as bad now as they were before.

Larry Liles
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