Comments on: Forex Pivot Point Trading

By: hoanle02

hoanle02 — Mon, 15 Feb 2010 18:28:06 +0000

I’ve used pivots …
I’ve used pivots for years trading the S&P futures, they seem to work even better in the Forex. Nice presentation.

By: fresh1337

fresh1337 — Mon, 15 Feb 2010 18:28:06 +0000

this is incredible
this is incredible

By: orthoarn

orthoarn — Mon, 15 Feb 2010 18:28:06 +0000

this is an …
this is an excellent presentation and is indicative of the expertise this man has to offer. I strongly recommend his system.

By: chief92801

chief92801 — Mon, 15 Feb 2010 18:28:06 +0000

very good video
very good video

By: maxdecimus88

maxdecimus88 — Mon, 15 Feb 2010 18:28:05 +0000

Hi LeverageFx … …
Hi LeverageFx … Thanks for a very conscise explaination of Pivots. Keep up the good work !

By: enohp660

enohp660 — Mon, 15 Feb 2010 18:28:05 +0000

All I can say is… …
All I can say is…Pivots are fantastic. If u wanna make them even more reliable, try trading them in conjunction with Bollinger Band breakouts. If you have a breakout of the pivot and bollinger band at the same time, which does happen kinda frequently, it’s truly a powerful signal. Haven’t tried it on anything less than an hourly chart but I’m gonna back test it using 15 min charts this weekend. Trade well…

By: leveragefx

leveragefx — Mon, 15 Feb 2010 18:28:05 +0000

This is a very …
This is a very valid point. For currencies with WIDER spreads you DO HAVE TO FACTOR in spread and thus trade fewer lots to account for a bigger pip loss if wrong. Our software has a position sizing tool in there that tells you how many lots you can trade per % of account risk. We recommend new traders risk only 1% per trade and experienced traders 2-3% and no more than 5% on trades that work 90% of the time.

By: mrjaywilliams

mrjaywilliams — Mon, 15 Feb 2010 18:28:05 +0000

In some cases, …
In some cases, spreads are more than 10 pips.. in these cases how much should you set your stop loss?

By: rcflybry

rcflybry — Mon, 15 Feb 2010 18:28:05 +0000

If you also use …
If you also use chart patterns in addition to using pivots.. it can really help you to see breakouts and where to set your stops and limits.

By: leveragefx

leveragefx — Mon, 15 Feb 2010 18:28:05 +0000

Most professional …
Most professional traders use Pivot Points. They are heavily used and its common knowledge how they are derived. Search for pivot point formula in Google and you’ll find many explanations of this. BECAUSE they are so heavily used by the pro’s and because this technique uses sound money management techniques, ie super small losses when wrong, it WORKS. You can get our TopGun software free at our website.