Comments on: Forex Pivot Point Trading

By: LifeForYoga

LifeForYoga — Wed, 10 Mar 2010 22:00:14 +0000

The best presentation out of hundreds I have looked at so far.

By: maxdecimus88

maxdecimus88 — Thu, 10 Dec 2009 02:12:04 +0000

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

By: enohp660

enohp660 — Sat, 05 Dec 2009 00:08:48 +0000

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 — Thu, 26 Nov 2009 14:34:11 +0000

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 — Thu, 19 Nov 2009 18:44:48 +0000

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

By: rcflybry

rcflybry — Thu, 23 Jul 2009 19:34:38 +0000

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 — Sun, 22 Mar 2009 14:09:29 +0000

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.

By: crgshell

crgshell — Sat, 14 Mar 2009 08:36:55 +0000

you did not explain how you arrived at your support and resistance levels?
its easy to draw lines in hindsight to support your theory.
with out an explanation as to how you arrive at your support and resistance levels it will not make much Sense!

By: leveragefx

leveragefx — Thu, 22 Jan 2009 03:23:57 +0000

First its impossible to answer this question with the data you provided. Everything in trading is based on CONTEXT. Which pivot point are you referring to, the daily, weekly or monthly?

What we do is use our FX Multimap trend tool. If it is less than 20+ strength and going up to a RESISTANCE level pivot we will look to sell it. If FX Multimap is 30+ then we will NOT sell that resistance and in fact wait for move down to buy, expecting price to breakout through.

By: jokerisherenow

jokerisherenow — Mon, 29 Sep 2008 04:57:51 +0000

What do you do if the price opens above the pivot (up trend) and goes on to hit the resistance point without hitting the pivot point. In that case what would you do?