How reliable is Pivot?

It is ownage. Barack Obama the next American President.

@casanova
On NORMAL days.. where there are no big events such as the 700 billion bailout plan / election etc.. pivots are great for entry's but i've never used it to exit..

@baronic
Take a look on this website
http://www.earnforex.com/all_forex_brokers.php

It list all available brokers and with some brief descriptions. Try look for regulated forex broker under nfta or cftc (as mentioned by kelvin_tan)
There are 2 platforms available either is mt4 trading platform or their own trading platform.
Personally i like mt4 platform as it charting are more user-friendly.

thanks...
which time zone do u use for the calculation & which pair is good for pivot?

im very frustrated today..in the morning i have 300++ pips...but i cant closed it..i dunno why...till i forget and now 150 only...closed already just now...arghhh....sei MT4.......

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Added on November 6, 2008, 4:59 pmlucky it was demo...

This post has been edited by normeck: Nov 6 2008, 04:59 PM

i draw daily pivot and trade on hourly TF

Short USD/YEN

Any reasons?

anybody feasted on the EU drop? T_T i wanted to short but i'm trying to discipline myself by not touching forex for a while.. just going to scalp using very very small units to earn interest that is lost because of buying gold T_T

not going yr way bro.. i'm long GU!

this morning enter short position EJ @ 126.67 coz foreseen of EUR rate cut today
Currently earn +174++ pips.

This post has been edited by dreams_achiever: Nov 7 2008, 12:32 AM

I am shorting EU all the way down to 1.23

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Added on November 7, 2008, 2:19 amTime is of an essence. Those who listen to me usually knows what i mean.



This post has been edited by AdamG1981: Nov 7 2008, 02:19 AM

Yup. True.
Time play important part in forex trading. Bear rally has over after post election. Time to short EJ again
Paper profit +332pips .

This post has been edited by dreams_achiever: Nov 7 2008, 07:47 AM


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woohoo made my first trade shorting AUD/USD and got a 50% profit! what a good way to start trading in forex, granted it's only 50 bucks

anyway anyone uses Oanda here? what's the boxes and box resale value?

Nice, why didnt you continue holding it?

buy GJ....


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i closed my positions at 0.6652, was thinking there could be some support at this level since that was the swing low point before
and placed a limit sell order at 0.6625, which opened earlier...hopefully AUD keeps going down

This post has been edited by orangysb: Nov 7 2008, 10:44 AM

Any idea if today is a good day to trade?

hmm...major reports for US coming out later tonight...it'll be a bad print. Seeing how the price action of commodities, I believe monies will fly back to Treasuries.

OT:
Ford - $1.98 per share