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 and put in the “experts>indicators” directory of Mt4 and then re-start Mt4 and it should appear in the list of Custom Indicators

http://www.howtodaytrade.ws/images/osmacolour.zip

Support and Resistance basically equals Supply and Demand. If previously a market has fallen from a particular price level then when it re-visits that price there could well be some “supply” (resistance) remaining. This is again cause price to either fall again, or at least to stall any upwards progress and require the market to build up some “inbalance” or pressure, before being able to continue upwards.

The lines are therefore drawn at levels where previous tops and bottoms occurred. Note that tops are usually Support on the way back down, but also of course Resistance on the way Up.

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. My “name” on Skype is “mattrsharp” (based in UK). Please find me as a Skype user and then add me to your contacts – this will send me a message asking me to add YOU. Once that’s done we can “chat”

“Magic” Lines were developed by Dimitri and are available here http://www.magiclinesforex.com/specials/ (use 5ticsharp as the password). I am so familiar with the Metatrader4 order platform that I do not use these currently – however for anyone new to 5TicFOREX they will certainly assist you greatly in placing trades.

This is the FAQ Page for both HowToDayTrade and FiveTicFOREX