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You may know – or not (where have you been!) – that FiveTicForex and HowToDayTrade are being discontinued as separate entities and being combined into a new website http://www.howtodaytradeforex.info/
This new site is aimed at REALLY giving everyone what they NEED to trade successfully.
So there’s 3 new courses for whatever level of knowledge you currently have – there’s a Live Trading Room – Daily video tutorials, One to One mentoring and lots of FREE Information. PLUS, of course, FiveTicFOREX will still be available as part of the whole package. The site IS NOT YET QUITE READY – but will be running within a few days and we’ll get back to you then.

Since starting to train aspiring traders some 4 years ago with first FiveTicFOREX and later HowToDayTrade I have met some truly wonderful people. Some of these were already professional traders who, like me, wanted to be able to pass on their knowledge and experience to others and help them attain their goals in trading.
The new “Forex-Academy” will enable this to happen
We are four professional traders with a passion for getting others to trade successfully through first-class “real” education and on-going mentoring and as a result the existing FiveTicFOREX and H2dt courses will be assimilated into the new courses.
Existing clients will of course continue to receive the same support as now but will also have priviledge access to the new courses/mentoring.

I’d like to therefore offer everyone a final chance to grab a copy of either course – at a discount – before they disappear forever.

Just click on either course link to the right (In the BLOGROLL) for details and there’s a short video explanation following.

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