See what it’s all about. If you don’t want to stay, you don’t That bell notification. Well, you know the drill on that one. Absolutely free to attend for a week. See what you think and Description tab below. It takes you to where you want to go um. In, let me know you’ve come in from this channel so that it can. Take part in that, you can do so. Uh just register, hit the. Lose and it think everything to gain and also when you do come. Roll out the red carpet for you. Okay, I’ll see you next And as Have to. So, that’s not a problem. You’ve got nothing to. If you want to
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Pivot price trading strategy

This trading technique was developed based on what is known as pivot prices and makes almost no use of indicators. As any system is not fail-safe and must first be evaluated in a demo account by the trader.
It is the development of a particular trader who shared it in a forum, so it may have its limitations. It is included in this article for educational purposes as I think it has some interesting ideas.
1. To begin with, the author makes the premise that when analyzing a daily chart, price tends to move from one key point as a round number to the next by about 500 points. In this way you have a structure similar to a network in the graphs which shows horizontal lines at 500 and 1000 points. We can say that these constitute the main horizontal lines. Likewise, we can divide each area of 500 points and place lines smaller than 250 and 125 points. For example, if we have GBP/USD, we can define 1.5000 , 1.5500 and 1.6000 as main lines, and between these we can mark 1.5125, 1.5250, 1.5625, 1.5750 and 1.5875.
2. In the weekly charts we define our preference regarding the possible price movements for the following days, however a lot can happen in a week, therefore it is recommended to be quite flexible regarding the conclusions. The daily charts tell us the story of now. On the weekly charts we are looking for a candle that is moving counter to the general trend from the main lines we drew earlier, or a candle that has closed above/below some of these main lines.
3. Now, what we need to look for are convincing pivot prices (not pivot points) that signal a possible short-term trend change. The important thing in this case is to be able to enter the market at the right time. The following image shows the structure of those pivots up and down:
https://preview.redd.it/w8n3d4or2lp91.png?width=281&format=png&auto=webp&s=8da0cad924256ad144c8d2a779473329da76d048
The pivot price is fully confirmed until the third candlestick (confirmation candlestick) closes.
In this way, a long position on a pivot low formed in a downtrend can be opened at the opening of the fourth candlestick, however it is also recommended to wait for a good pullback on the move from the pivot to the top of the candlestick. of confirmation. In this way, we avoid entering a position where we can get caught in a pullback which may actually be a continuation of the trend.
Likewise, the author of the strategy states that he usually trades in more than one pair at a time, because when pivot prices appear in one pair, they usually also do so in others simultaneously.
Therefore, to open a long position, do the following:

Place Fibonacci retracements from the pivot low to the high of the confirmation candle.
Next, open a 1 hour or 30 minute chart and wait for another pivot price that looks promising.
Once that combination is obtained above the 61.8, 50.0 or 38.2 Fibonacci retracement levels, the position is opened at market price on the fourth candlestick. You can also enter the market in the area formed by the 61.8-100 levels if an interesting pivot price is formed.

All this allows entering the market at the best possible price with a smaller stop than can be obtained during the opening of the daily candlestick. Of course, sometimes the price just shoots up from the open. In these cases we MUST NOT chase price no matter how promising the market looks. It is best to wait for the setback.
*Note: The discussion in this Point 3 is for low pivots , however the exact opposite procedure can be applied for high pivots .
4. To confirm the signals, some indicators can also be used, such as the following:

1 5-period EMA at close.
1 EMA of 10 periods at the close.
1 EMA of 200 periods at the close.
RSI of 14.

In this case, I recommend the RSIbecause it is an indicator that tells us a lot about price action. We can use it to identify trends, confirmation of entries and based on divergences with the price of the analyzed asset, which are generally quite reliable signals.
Many traders have grown to love the RSI and prefer it over other technical indicators. For example, in a bull market, the RSI will fluctuate between 40 and 90 and retrace to the 40-50 zone (on market corrections) where it normally finds support and then continues its upward trend.
The opposite is true for a bear market where the RSI fluctuates between 10 and 60 with the 50-60 zone acting as resistance. There are actually multiple ways to use the RSI, but we can use the ones mentioned above quite successfully.
5. Stop Loss and Take Profit. For a bullish position, we recommend a stop loss placed 10 pips below the daily pivot low (Pivot Low) and if the price moves in our favor we can move the stop to the low of each subsequent daily candle following the successful entry.
Likewise, we can put a Take Profit target on any of the Main Lines that we defined in Point 1, depending on the price action. The opposite procedure applies for bearish positions.
Actually, when it comes to Taking Profit, it depends on the personal preference of each trader. Some probably prefer to stay in position as long as possible while others are probably more cautious and close their positions at the slightest adverse signal from the market.

Pivot Points Example

Below is an example where the principles presented above are explained:
https://preview.redd.it/ug22h8fy2lp91.png?width=1274&format=png&auto=webp&s=a6a6145a12e7c307ff733888eeb7f8e3a51f0c2e
In this daily chart for June 2011 for the EUUSD, we see the formation of a pivot price plus a confirmation candle that tells us that there is a good chance that the price will fall. In this example, a bearish position was opened on June 9 with a stop loss 10 pips above the pivot high on June 7. The opening of this position was made based on the following 1-hour chart:
https://preview.redd.it/9y45fcf23lp91.png?width=1024&format=png&auto=webp&s=6ba56b70994758bb0201651fd73481a240906c18
Now, on the 1 hour chart we draw Fibonacci retracements as detailed in point 3 and wait for the price retracement to occur, which stopped precisely at the 61.8 level from which it began to fall sharply. We wait for a pivot high and confirmation candle in that area. In this case, the pivot high on the 1 hour chart was generated logically in the same direction as the daily pivot high.
The position was opened at the open of the 9am GMT candlestick. The trade is allowed to continue and one can even consider increasing the position size if there is a retracement to the still valid pivot high . The following graph marks the area (light blue rectangle) in which we can try to add to the current position.
Note that new Fibonacci retracements (green lines) have been drawn using the new low formed by the fall in the price of the EUUSD, which occurred shortly before opening the short position in the market.

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The goal of this MetaTrader 4 Guide is to walk new forex traders around the world through the many facets of forex trading and, in particular, how to utilize MetaTrader 4 as a trading platform.

metatrader
MetaTrader 4 is not only one of the most popular forex trading platforms today, but it is also one of the most user-friendly and adaptable platforms with a plethora of features. This training is intended for broad usage of the platform.

Terms Guide for MetaTrader 4:

Before beginning to trade, traders should educate themselves with MetaTrader 4 Guide words.
Even though there is an extensive vocabulary, some of the most commonly used terms include, but are not limited to:

Currency pair:

a pair of two currencies. The base currency is the first in the pair, while the counter currency is the second.
Bid or Ask Price:
At any one time, there are two prices relevant to a currency pair: the bid and the ask price.

Bid Price:

The amount of money buyers are willing to pay for a product. The price at which sellers are willing to sell is the ask price.
While most brokers do not charge commissions or fees when a trader places a trade, there is a bid/ask spread that remains the primary cost for Forex traders.
These are only a few of the phrases that traders will encounter; therefore, it is critical to keep a dictionary handy to ensure that traders comprehend them.

How to Modify the Chart Style:

When the MetaTrader 4 application is launched, the trader is greeted with a default chart that may or may not make any sense, but this chart can be altered.
Charts in MetaTrader 4 can be seen as candlestick, bar, or line charts, and this can be changed by selecting the appropriate icon in the top toolbar between the 'New Order' and zoom in/out icons.
Traders can easily alter the chart type to what they desire. The candlestick chart style will be used for this tutorial.

The pivot point Forex trading system is a technique used in forecasting the movement of currencies in the foreign exchange market. In general, pivot points refer to mathematically calculated places of price support and resistance. And, the pivot point strategy makes use of trend hypotheses to the pivot points to forecast the direction the market is likely to take.
For instance, if EUUSD closing price of 1.1362 is below a price average of 1.1365, and the previous day’s close was also 1.1365. This means that today’s closing price has moved lower than the pivot points where support is formed around the prices moving average. If you want to trade this drop through the pivot point, you would probably enter a sell order on the currency pair.
The pivot point Forex trading system is a very beneficial strategy for trading currencies. Importantly, it provides traders with an idea on spotting profitable trading opportunities. The pivot point Forex trading system gives a mathematically derived sense of order so as to assist traders in knowing where to place their trades in the market.
To put plainly, it helps in recognizing patterns as well as price movements in order for traders to make profitable decisions faster. In most instances, those patterns are drops and rises below and above significant price areas. These price areas may be pivot points, support levels, or resistance levels.
When used in trading, traders usually watch the price movement all through the day and execute trades according to the indications given by the pivot point system. Even though the pivot point system is primarily used for trading currencies in the short-term, it may also be used for identifying long-term trade opportunities.
Several methods are available for calculating pivot points. One of the simplest methods is called the Average Price Method. It involves calculating the previous day’s average price by adding the high, low, and close prices. And, the result is then divided by three to find the average. When this method is used for trading, traders usually look if the next day’s price moves above or below this level in order to establish a pivot point and identify potential trade opportunities.
In conclusion, the pivot point Forex trading system is a useful strategy for trading currencies. Nonetheless, just like any other strategy, it should never be used in isolation. If combined with other strategies such as fundamental analysis, it can be very profitable.

Headlines:. Dollar holds more mixed so far on the dayOil tumbles to fresh lows for the yearChina says asymptomatic patients, cases with mild symptoms can undergo home quarantineAnd that's the end o...
https://forexlive.com/news/forexlive-european-fx-news-wrap-big-china-pivot-away-from-zero-covid-markets-mixed-20221207/

So last week this was news: Harry’s wife is waiting for the Ripple of Hope Award to really turn their fortune around.
WTF, thought I, how will another bought & paid for award launch the feckless duo into the stratosphere?
Now, looking back, I think I can see the what she was up to. This is how Harry’s wife had planned the week to go:

KKennedy announces that the Ripple of Hope Award is all about “addressing structural racism in the royal family.”
The day before W & K arrive in the US, a cataclysmic racial scandal envelops the Royal Family. (If you don’t think this was primed & deployed by Harry’s wife herself, then you haven’t been on this site long enough.)
K & W whole visit is overshadowed by the thundercloud of racial injustice. Their trip is a failure. Racism is the cause.
H & H’s wife—warriors for racial justice—arrive to wide public acclaim to humbly accept their anti-racism award. Unlike Waity Katy, H’s wife is beautifully attired in DioGivenchy/Armani/Tiffany. She’s stunning.
Closely following—Netflix releases H & H’s wife’s love story told w/ heartbreaking vividness. Follow the joy, the pain, the sexual healing of two of the world’s greatest lovers. Now on Netflix.

Game/set/match
But what has actually happened?

Because of subsequent events, Megs backtracks on the pivot point—the Ripple of Hope Award is no longer about structural racism in the royal family. Why? Well, the royal family told Harry, you accept this award & you are dead to us. So Megs gets a brilliant idea. “We didn’t accept an award about racism. It was about our charity work.” I mean who but the truly terrified changes the reason for an award practically mid sentence?
Racial event goes off w/o a hitch but RF quickly puts it behind them. Apologies all round.

3a W & C arrive to standing ovations everywhere. C. looks stunning. There are actual photographers. Not à photoshopped image anywhere.
3b The Earthshot Prize is a real award. Serious business. Not a joke.

H & H’s wife arrive & who the fuck cares? What was the award again?
Netflix releases their love story to near universal derision. They’ve used footage about events that are important but that have nothing to do w/ H & H’s wife. The YouTube channel comments become a giant meme outsourced to thousands.

Finally: private jet home. Spotify advises them that there will be no second acts.
Netflix is holding emergency meetings: What have we done.
Match to Royal Family & Harry crossed that uncrossable line.
That’s my take, anyway. Might have worked.
But it hasn’t.
How was your week?

Kháng cự và hỗ trợ là 2 thuật ngữ quan trọng trong thị trường forex. Vậy nên trong bài viết này, Tradervn sẽ cung cấp cho các bạn một công cụ tiềm năng để xác định các vùng hỗ trợ và kháng cự một cách đơn giản nhưng chuẩn xác nhất. Vậy cụ thể, Pivot point là gì? Tại sao điểm pivot lại được nhiều trader sử dụng? Phương pháp giao dịch với pivot point như thế nào để đạt hiệu quả? Cùng theo dõi bài viết dưới đây để có câu trả lời nhé!
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Pivot price trading strategy

Pivot Points Example

How to use Metatrader4 application as a beginner in forex trading.

Terms Guide for MetaTrader 4:

Currency pair:

Bid Price:

How to Modify the Chart Style:

What Is The Pivot Point Forex Trading System?

ForexLive European FX news wrap: Big China pivot away from zero-Covid, markets mixed

The Pivot Point

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I've implemented a simple attachment system for my FPS. Every attachment affects weapon recoil, and can even offset the physical pivot point. All animations are fully procedural

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Forex indicator for MetaTrader4 (MT4) : Hourly Pivot Point with Color Filling