Jude

Very good and straight to the point tutorial on how Pivot Point works with charts and the prices.

Pivot Point Trading Tutorial

This one basically explains how it works in words, IMO the first one is a better one. But it's good for reference point.

Trading Forex with Pivot Points

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JoseLeon

Pivot, resistances and supports are what I am using to trade, with rsi and bollinger bands.

I also found a Blog that uses a strategy with pivot points:

forex trading

Click on "Read how to use" and on "Forex Signal Generator", they also have a Forum to follow the results.

I am not using it but it's another point of view.

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JoseLeon

I am totally surprised loading these indicators in my mt4, it uses pivots, resistances and supports adding some indicators inside.

Please take a look and tell me what you think, it seems all in one indicator

http://noponzi.com/indicators/SDX-Tz...erts_test1.mq4

", "<country>", "<date>", "<time>", "<impact>", "<forecast>", "<previous>" }; string eTags[7] = { "

http://noponzi.com/indicators/CURRENT_PRICE1.mq4


Source: FF Calendar Indicator for MT - Forex Trading

Screenshot without news (this indicator with news doesn't work for me):
http://noponzi.com/indicators/indicator.jpg

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Dan

That SDX-TzPivots-alerts_test1.mq4 is a great addition to my indicators list. Thanks Jose

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JoseLeon

Some friend told me why the news doesn´t appear in mt4:

you must edit and choose "Allow dll imports" in both indicators

Now I can see the important news in my metatrader.

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Jude

Jose, do you mind showing a screenshot on how it looks exactly on your MT4 now? I'm not sure whether I did it correctly.

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JoseLeon

Of course Jude:

http://noponzi.com/indicators/indicator.jpg

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JoseLeon

Jude: I only load 2 indicators: pivots and ffcal, you should unload them and then load them again editing and using "allow dll imports", first load pivots and then ffcal (news).

I hope this helps.

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Jude

it looks really nice. I'll load them again when I'm at home. how's trading so far for you Jose?

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JoseLeon

Very good Jude, although I am using pivots with another indicator that only places them automatically (I used to place them manually but now it saves me some work).

I follow the trend in daily and weekly charts, then I go to 1h chart, look at rsi (20, 50 and 80 levels) and sometimes these 3 emas (5, 13 and 62) and when I see some confirmation (if there are not important news) I place buy/sell stops (+/- 5 pips up or down the pivots) in 5 pairs: eur/usd, usd/chf, gbp/usd, usd/jpy and gbp/jpy

I use 30 as stops loss of these pairs, except gbp/usd and gbp/jpy: 40

And of course the power of trailing stop (not in marketiva, they haven't trailing stops and I must do it manually)

It's a great trick when you are gaining to change the stop loss to save your pips

It's a simple method and it works for me.

http://noponzi.com/resultados/mark5.jpg

My girlfriend is only testing the strategy that I found in that Blog (20pipsdaily) with good results these days.

Simple pivots indicator:

http://noponzi.com/indicators/SDX-TzPivots.mq4

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