I think he mean introducer broker/agent. They earn commission for referring customers to broker by assisting new customer registration/deposit fund.

I aim for the closest Pivot level. Get in at pivot level ... exit at the next closest pivot.
Always be ready if the price fail to reach your target pivot ... in such event .. reverse your position .. aim the closest pivot on the other side ...
With good MM ... your can still profit regardless of market direction ...

This method only work during active market with news .. never trade when the market for your pair is closed ... this method is best for volatile market like forex and futures ... .. i tried with stocks ... kinda hopeless ... hehehe

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Added on January 29, 2011, 12:20 amThis week ... my profit is only 7% ... lol ... I messed up my Money Management this evening .. sigh .... mistakes .. mistakes ... must not repeat that ... today is the last trading day in Jan .. and my no-losing day streak is crushed ... must try better next time ...

Grrr

This post has been edited by luqmanz: Jan 29 2011, 12:22 AM

Today GU S1 to pivot then U turn back from pivot to S1, S2. Thot you will profit?

Anyway, 7% still good ah! Huat ahhh

Supposed to gain 10% from that move (exit at pivot) ... but like I said before .. I messed up the MM ... miscalculation ...
Just getting the direction right is not enough .. must have proper lotsize ...

This post has been edited by luqmanz: Jan 29 2011, 12:40 AM

GU EU AU all heading south ? all broke daily trend

hi my lovely trader..

i am official sub Introducing Broker (IB) of Instaforex. i was hoping to serving you regarding deposit and withdraw money via Instaforex broker.
nice to know you all

thank you for details.. i am using oanda .. just a bit curios hoe to use the pivot coz i tried to draw on the chart but i looks to simple and further i do not know at which candlestick should i start the pivot points....hope you can give some advise.. a bit blur

anything new will require practice, repetition makes it a habit, with much pratice the gap will be closed and you will be an expert in entry/exits, dont be gulible that its perfect, experience will be required to know them better, plus different pair have different habit/traders.
pivots are calculated by the "end of day" for "next day" pivot, r1, r2, r3, s1, s2, s3. heres the explaination and how to calculate link frm baby pips.
http://www.babypips.com/school/forex-pivot-points.html
http://www.babypips.com/school/how-to-calc...vot-points.html

there are many other tools you can use.. bolinger bands.. ma's.. fibonacci retracement... master them 1 by 1
but you dont need them all...just the best that fits you.. make it simple..

This post has been edited by Sham903n: Jan 29 2011, 05:55 PM

yeap... thank you for the advise... using fibonacci retracement and sma... now learning to use pivot... actually all that i learned from baby pips... but when come to pivot i already... how do we get the end of the day... as trading never ends.. sor is it by session... say.. new york or london or tokyo...

last trading session new york..

remember to align your trade with bigger timeframe, H4 and above

Its better if u use Metatrader 4 ... but anyway since you arent using that ....

Open your Daily chart ...
Jot down
Yesterdays Highest and Lowest
Yesterday closing price and open price

Goto to this site for the calculator ... choose Classic formula
http://www.mypivots.com/calculators/pivot-...calculator.aspx
Key-in the prices to calculate pivots

In Oanda ... draw the lines yourself ...

This post has been edited by luqmanz: Jan 29 2011, 08:34 PM

There are many methods to use. But in my opinion, you should find a method which suit you the best - ie what sort of risk preference (risk reward ratios), your monitoring needs (time required), position sizing (capital required to fully execute your system)

thank you for all the advises... will do it soon... yeap i noticed in oanda have to draw by myself.. but i try to use metatrader4 since i have that for my demo account

thank you sifus

Dont use prices from Demo account to draw pivot in your Live account ... will never be the same ...

Get the data from yesterday's Daily candle in your Oanda.. calculate and draw ... u only need to do just once a day .. morning after 7 am ...

This post has been edited by luqmanz: Jan 30 2011, 03:02 PM

hello..

can u guide me to register neteller account one by one please?

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Added on January 30, 2011, 3:33 pmhello..

can u guide me to register neteller account one by one please?

This post has been edited by k711: Jan 30 2011, 03:33 PM

What is neteller ?

Anyone who would like to sell LibertyReserve can pm me. I'll gv a good price on it. Tq~!

ooo..... i never know that... thank you again... ok in oanda they have chart like 5 min, 15 min, 30 min, 1 hr and 3 hr and 1 day chart... so i will take the one day chart... use the last candle stick and draw after the calculation... can we use the last session candle stick say for london session or new york session...???

no la.. pivot calculation must use 1 day candlestick, key in high, low, open, close.