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Sunday, October 24, 2010

A New Forex Trading Week

We at Forexcapital Traders' Alliance wish for all traders a profitable and successful trading week. Please remember  we are here to assist you and our Free Trading Station and Blog (http://www.forexcapitalcs.com/Alliance2.html and http://www.forexcapitalcs.blogspot.com/ ) are equipped with the necessary forex tools to increase your probability of success.

Good Trading
Tekla
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Wednesday, October 20, 2010

Social and Professional Forex Trading Network

ForexCapital Traders' Alliance is a Social and Professional forex trading network. Our aim is the create a place where Forex Traders From all over the world can meet to Share their Experiences, Expertises, Offer Trading Advises, Report Scams, and Explore New and Old Forex Strategies,tools & Systems.
We strongly believe in our motto
ONE FOR ALL AND ALL FOR ONE
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Monday, October 18, 2010

I am up 62 pips . How are you doing
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Welcome to Forex Trading

Today looks like a good day to make some money.
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It is really happening
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Just testing

HELLO TRADERS
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http://www.forexcapitalcs.com/Alliance2.html, Jamaica
FREE FOREX TRADING STATION Realtime Fx Analysis and Daily Trade Recommendations ....We are here to inform, guide and increase the wealth of individual and corporations who chosen forex market as their vehicle to financial wealth creation. This will be achieved through cutting edge forex products delivered in an transparent and convenient atmosphere.--- http://www.forexcapitalcs.com, http://forexcapitalcs.blogspot.com, facebook - Forexcapital Mkt, Twitter - ForexCapital Market, tekla@forexcapitalcs.com

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Pivot Point Levels

Overview of Pivot Trading


Pivot point is an effective method for defining reversal, resistance and support levels of Forex market. Many traders use pivot points to predict daily market price movements.
The Pivot point strategy includes 7 technical levels: 3 resistance levels, 3 support levels and the actual pivot point level. The three most important pivot points are Resistance1, Support1 and the actual pivot point. Here it is what the strategy postulates: If the market is trading above the pivot point, then the bias for the day is bullish. If the market opens below the pivot point then the bias for the day is bearish. By the time the market reaches Resistance2, Resistance3 or Support2, Support3, the market will already be overbought or oversold and these levels should be used for exits rather than entries.
There are 3 methods for computing pivot point levels: Pivot, Woddie and Fibonacci. The Pivot method is a standard one. Woddie and Fibonacci are alternative methods. The service also includes a custom pivot calculator which computes all levers according to the input data.