Comments on: Using Forex Pivot Points

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iphone App – Forex On The Go (HD) | Insider Forex Secrets Guide — Wed, 17 Mar 2010 15:27:30 +0000

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By: Randy

Randy — Wed, 16 Apr 2008 18:30:36 +0000

Thanks for your comment Aruna.

Market closing time can be different depending on what market you’re trading. I tend to trade only during the New York trading session (you have to have some sanity right?) so I use pivot points for the previous day. If I’m placing a swing trade, I’ll use pivot points based on how long I plan on being in the trade.

If you’re only holding onto a position for a couple of hours, I’d use a daily pivot point. If you’re only holding on to a position for a few minutes, I’d probably try to use an hourly pivot point.

Just remember that like all technical indicators, the shorter the time frame you use, the less reliable the indicator tends to be. Good luck and let me know how you fare!

By: aruna

aruna — Wed, 16 Apr 2008 09:31:56 +0000

THANK’SFOR YOUR ADVERTICE, JUST WHAT I WANT TO ASK IS THAT I WANT TO KNOW THE CLOSSONG TIME , IMEAN WHEN MARKET ARE CLOSSINS OR THE OPPENING TIME, SO THAT IN TIME OF CALCULATING, AND ALSO THOSE WHO ARE THAT ARE TRAIDING WHIT AN HOUR PIVOT POINT OR MINUTE HOWCAN THEY CALCULATE WHEN DAY ARE TE PLCE TRADE.THANK’S

YOR’S ARUNA

By: aruna

aruna — Wed, 16 Apr 2008 09:12:06 +0000

THANK’S I