Well I had a great time at the Summer Party – I hope everyone who made the effort to come along did also.
Forex Traders at Play
The FiveTicFOREX 2010 Update VIDEO
The 2010 update maybe somewhat overdue but finally has arrived and will take FiveTicFOREX’s results to a whole new level.
You’re going to have loads of questions, many of them I’ll try and answer in the video here but if not then do use the “Contact Matt” Link. I’ll post some of the more frequently asked questions here in a day or two.
You can see what the Daily Pivot levels are by visiting here (Look at the DAILY figures) These levels are based on the previous days price activity and are commonly used by Forex Traders as possible levels of Support and Resistance. The other levels used are basically the previous highs and lows – places where the supply was overcome by demand (and vice-versa).
I believe that the market has 3 phases. Conjested – RangeBound – and Trending. For me a trend begins when price moves outside of a previous RangeBound or Conjested area. It may move 100 pips in a nice trend, or 100 pips in just a few minutes, or it can, of course, move just a few pips and do the whole thing over. Here’s a chart to explain.
BTW I do of course also use moving averages but only AFTER a b
reak-out as described.
Here’s the OsMA indicator. Download it…..
Support and Resistance basically equals Supply and Demand….
Yes, of course. Please go to http://www.fivetictrading.com/forex/subscription-reactivation.html
Once you have subscribed you will again be sent your Username and have full access
The best way (for me anyway!) is via SKYPE.
