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  Symbol Bid Ask
EURUSD 1.3398 1.3401
GBPUSD 1.5646 1.5649
USDJPY 95.09 95.12
USDCHF 0.9198 0.9201
USDCAD 1.0203 1.0206
EURJPY 127.41 127.44
EURCHF 1.2325 1.2328
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USD/JPY. Weekly and Monthly Pivot Points, For 24- 28 / October, 2011 2011-10-24

While many individual traders planning to enter the pivot, and negotiating the move to outside the pivot, professionals think backwards. Novice traders need to take a different approach to enter with better odds that might be missing.

It is almost always more successfully (a) to look for a stage of congestion instead of a stage of trend - due to the fact that to that the majority of days are days in congestion, and (b)exit at the pivot, because most traders are looking to start an investment and the volume increases.

_____WEEKLY_____
Weekly - R3 = 78,94
Weekly - R2 = 78,21
Weekly - R1 = 77,24
Weekly Pivot = 76,51
Weekly - S1 = 75,54
Weekly - S2 = 74,81
Weekly - S3 = 73,84

 


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_____MONTHLY___
Monthly - R3 = 79,64
Monthly - R2 = 78,74
Monthly - R1 = 77,91
Monthly Pivot = 77,01
Monthly - S1 = 76,18
Monthly - S2 = 75,28
Monthly - S3 = 74.45

 


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Gerardo Porras is taking part in the "Analyst of the Year" award organized by MT5.com portal. If you like his article, please vote for him.

Izvedeno od strane Gerardo Porras, analitickog eksperta
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