Comments on: Pipholic GBP/USD Daily Pivot Trading

By: Akhibi George

Akhibi George — Sat, 13 Dec 2008 22:33:52 +0000

Hi Ganes,

How do i read the market trend or the direction the trend will go next in the market? Example is how to read GBP/USD. Please say something for me.

Thanks

By: Akhibi George

Akhibi George — Sat, 13 Dec 2008 22:29:08 +0000

How do i read the market trend or the direction the trend will go next in the market? Example is how to read GBP/USD. Please say something for me.

Thanks

By: dejf

dejf — Thu, 31 Jul 2008 00:38:36 +0000

Thanks and good trade!

By: ganes

ganes — Wed, 30 Jul 2008 17:19:07 +0000

yes, that’s right

By: dejf

dejf — Tue, 29 Jul 2008 11:33:03 +0000

Thanks.
So for Monday´s signal I have to define pivot from 20.00 GMT on Thursday to 20.00 GMT on Friday, because of closed trade during the weekend.Right?

By: ganes

ganes — Fri, 25 Jul 2008 11:48:17 +0000

to define the pivot for 25.7.2008 (as for your example), you need to observe chart from 20.00 GMT 23.7.2008 until 20 GMT 24.7.2008.

note those bolded part.

you can read detail explanation of what I define as ‘one forex day’ in reference of trading GBP/USD in this article:
http://www.forextac.com/tradin.....c-way.html

By: dejf

dejf — Fri, 25 Jul 2008 10:43:55 +0000

Hi Ganes!
After reading this article I´m a litlle bit foggy. When I should obserrve moving 3 (and possibly more) candlestick at 22.00 GMT in 6 chart row. It means that the daily pivot has to be defined from the day before.. Is that true?
For example: If I want to set long\short order for 25.7.2008 at 5.00 GMT, I should observe chart at 22.00 GMT 24.7.2008, and the daily pivot must be defined from the date 23.7.2008? Do I understand it right?

Thanks for reply.

Dejf