Forex from scratch --a helping hand from pipshower...

Hello Ankit,
The pivot points i use are price pivots which are not calculated by any mathematical formula . I draw them from the chart as history shows . The round number adds more power to it.

I dont only trade pins , Pins are just one part of price action patterns i watch at major price pivot zones . There are many others that have important role in my trading .

Happy weekend!

Regards
Pipshower

Thank you for your kind words sir!
But i am just a small trader ....

Regards
Pipshower

Thanks for the reply..do u have a skype ID?? i added pipshower, but it dint work

Add me as forexpriceaction on skype .

A word of caution!

A word of caution for those who are in this bull run on there national indices as well as Jpy crosses.
Today we are approaching a region which is the most important zone on DOW , G/J ,U/J and all other things .
If the bulls really have power then they must break this level with confirmatory close above these important levels.
Otherwise i must say the bulls are done for the time and its time for bears to enter!
Watch out ..Put a trailing stop on your long positions!
I have already turned bear...

Enjoy!

Thats why i love price action..

Just take a look at this ..
Price action is the key..

Re: A word of caution!

UPDATE on my above post yesterday!
As expected DOW has started falling and JPY crosses shorts are yielding hundreds of pips..
Hope you took off your longs yesterday!and loaded shorts..
Happy pipping...

REGARDS
pIpshower

Re: A word of caution!

Hi Pipshower,

Hope i am not asking out of Context question, just wanted to ask,
1) Which Forex Broker you are using?
2) What Time (IST) You generally trade?
3) Trading Forex from India, in what tax structure it comes.and what precautions or points should one consider trading forex from India.

Hope i am not Disturbing you.\

Thanks In advance
Avinash
:clapping:

Re: A word of caution!

Hello Avinash,

You are welcome to ask questions.
1] My main broker is Oanda .

2]I trade daily or weekly close of the candle or bar . The daily close of brokers vary. I basically analyse charts every weekly close for potential levels and put an alarm so whenever the price reaches that level i get alarm or else i put price based orders with SL AND TP around those weekly regions and keep checking whenever i get time .Though currently i am trading full time so i can actually watch and if like can trade H4 charts too. Wont be same situation from next month as my offline projects and plans will launch starting May so then i will be back on track with weekly and daily only .And so i am more comfortable with daily and weekly as they give me hassle free pips with a lot of free time on hand to do other works i like.
For charting i use other brokers MT4 as oanda charting isnt as good as MT4.

3]About tax you will need to consult your tax advisor .These legal matters are better be handled by the TAX advisor he will dig up and tell you all the necessary details of it!

Regards
Pipshower

Re: A word of caution!


Well Done... :clap:

I hope you managed a FEW Hundred Pips & $$s in that move

Happy Trading