Thanks again, I was already using that version, so put on the pivot tool & as you say the levels are practically spot on.
BTW, are you trading everything s normal it being NFP day? Cheers, Geoff
Thanks again, I was already using that version, so put on the pivot tool & as you say the levels are practically spot on.
BTW, are you trading everything s normal it being NFP day? Cheers, Geoff
pocrel
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yes Geoff that UWC demo account seems to be the best i have seen for the pivots and i have used alot of accounts (but you can get complacent so just double check before taking a trade)
i am trading as normal but extra careful, to be honest its best not even to trade today alot people dont trade it just because its to much like a casino, but we will see how it goes, i certainly wont be trading anywhere near the figures times
Top of the morn Patrick, I'm going over to livecharts and look around. I'll just set up a PIN BAR profile in the mt4 today. Thanks Jeff
pocrel
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ah morning Jeff, your a mad man getting up a this hour to trade this system, i really hope you make some money from it, if not get back into bed and trade the system in US market times might be better for your health :cheesy:
but good to see you here mate
pocrel
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Hi pocrel thanks for the response. I was thinking of demo trading this system but using support and resistance levels mostly. This will be my first ever attempt at trading and I was concerned there would not be enough trades to make it worthwhile. Have you found there are enough signals to make a living from this system and are you trading from a live account? Please forgive me if I am being too intrusive
pocrel
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banking all profits on wti, lovely move down
half at +23
other half+30
so total +26.5 full points on wti
pocrel
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alot of technical things lined up there for that move down
1/ trend line break followed by retrace back to the trend line
2/ double top
3/ round number support 00
4/ pin bar
5/ pivot point
pocrel
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pocrel
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to me thats a doji also so i would not have taken that bar
pocrel
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my autopivot plots my data for me as as i said before UWC demo account is very accurate with all pairs so i dont see why it would not be with eurgbp but if you want to cross check the levels (except R3) then you can have a look here http://www.pivotfarm.com/pivot-points.php
hope that helps
pocrel
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Right not got the follow on so going to close eurgbp for +1
+1 full points on eurgbp
getting close to non farm so going to back off now
morning round up
trades 2
+27.5 full points
2 wins
Its a good idea to demo first but the sooner you get onto real money the better i think as you will not have the same emotions when real money is on the line (even if it s 50p per point)
on 30min time frame there is plenty of trades, perhaps you need to start at a slower time frame perhaps 4hr so you can digest the market and whats happening and then if you think you need something quicker move down but only when you know what your doing
i trade a real money account and i make decent enough money from it but i also work so not as much pressure on me
good luck with your first trade whatever it is
Thanks pocrel. I know what you mean about emotions. I know you are uk based... Do you spread bet this system? I was considering spread betting with smart live markets as they have mt4 platform and allow 10p per point.
EDIT just noticed your charts are smart live spread bet! Good broker in your experience?
