Show and tell...

Published on Thursday April 29th, 2010 at 04:40AM by ghomey

I stumbled upon a couple things out on the Netet worth noting which I thought would share. Show - http://www.pivotfarm.com/advanced-trader-notes.htmlTell-This is a compilation of a number of pivots/fib levels/ significant price levels. It gives a trader an indication of which levels were significant in the last session that will probably continue to be important. There is a vid that describes how it can be used.I have not used it, but it may become part of my 'pre-trading ritual'. Show- http://ragheehorner.com/blog/Tell- Raghee describes how she uses her 'wave' which is an interesting concept. I read part of her book, and found her wave concept intriguing. I found the rest of her book "30 days of forex trading" a little hard to follow. This short video sheds a little light on how she uses it. Some traders out there may find it useful. I started to backtest it with GBPUSD but did not sample enough data to make a conclusive decision on how effective the strategy may be... Every now and then, I put her wave concept to use on my charts, but I have not used it.Be careful out there! (Hill Street Blues reference for the young folks, and non US tv audience)
  • 2 comments
  • Go to buruguduy's profile

    On Thursday April 29th, 2010 at 06:25AM by buruguduy -

    I've read Raghee as well. Good stuff, but I think it's a bit too cluttered with trading jargon. Certainly not for newbies
  • Go to virgiliolayug's profile

    On Thursday April 29th, 2010 at 06:32AM by virgiliolayug -

    pivotfarm - pretty interesting, but I don't even know the different types of pivot point calculations that they use. I just use the one on my charting software. I agree - I think its important to mark out previous highs / lows and other areas of support and resistance.

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