Posts Tagged trading pivots

Today trades on GBPUSD, EURUSD and FTSE100 and pivot levels

Today trades on GBPUSD, EURUSD and FTSE100 and pivot levels

The pivots today were all very significant in trading today.. if you look at the blue pivot line in the charts below for all trade instruments (GBPUSD, EURUSD and FTSE), you can see how the price action reacted to the pivot line. With the GBPUSD chart you can see how the market bouced off the pivot line at around 8am... shortly after this I went long which wasn't a good trade as I ended up with -20 as the market went down. However, on hitting the pivot again, you could see that it provided no

May 5, 2011 No Comments Full Story