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Ashviniurs View Profile View Pivot Posts Private Message. Kindly observe the following graph for more clear understanding. This week starts from 24th November to 30th November I am mainly considering Weekly pivot for this trading strategy. Default chart template with Autopivotindicator consisting of pivots. This indicator is available for free online and can be installed in the MT4. I mainly observe for the price and we can see that in this on weekly the price was just fluctuating above and below the weekly pivot, but on 25th, tuesday the price started moving rapidly.
Hence, we can always place pending order with gap of 30 pips above and below the pivot line. For example in this chart the weekly pivot is at 1. Once one of the trade is triggered, the other pending order should be deleted.
One can easily make pips without much hassle in this trading strategy. Thanks for this sir I will check your thread time to time and please update your thread time to time. I am focusing on daily pivot points now pivot if you are really doing trading in your real trading account by using weekly pivot points then keep updated your real account statement too.
Hope you are making a very good profit with this strategy keep it up. Hukam View Weekly View Forum Posts Private Message. Pivot points pivot same like support and resistance points it works same like fibonacci tool too. Personally I am using technical analysis in my trading but many trader's don't know that how to use it properly for them the use of pivot points and fibonacci tool make it very easy to understand about support and resistance points your trading strategy is looking good keep it up.
Khimi View Profile View Forum Posts Private Message. Sir I am not following any pivot points now days because my trading method is very simple I just like to follow the market trend. I think this type of trading system is weekly based on support and resistance points so this is looking an very effective trading strategy to me. Technical analysis is one of the top analysis in this business so looking good strategy. I have been trading with the help of weekly pivot points from forex a long period of time and it has helped me to make reliable income with forex.
That's a very good entry point sir I am very glad for you. But you are using only mobile trading in this business or doing trading in your computer too?
Basically which type of trading analysis you are using for your trading. Are you doing trading with the help of pivot points only? Or using any kind strategy method forex analysis? Originally Posted by forexlearner. If one is practicing a professional forex trading, it starts like using a trading systems like this, if the pivot trading strategy such that is on the larger time frame like the above weekly chart, then it is very good to help the trader to get the best in the market.
I love this very strategy, and I believe that it is the one that is powerful for earning. Originally Posted by silverlady. Hello dear, Are you using pivot point indicator? Pivot weekly, and monthly pivotcan you share the indicators? I want to try it, I've been lazy to calculate the weekly pivot point manually. This is a good strategy and also profitable, especially for long-term trading, and I often use the weekly pivot point for the analysis of the major trend.
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