Strategy is fully on pivot point trading system, and it uses pivot
point for long and short positions.
point for long and short positions.
drishti's Blog
Strategy description of March 2021 Strategy Contest
Before I describe my strategy, let me introduce about few basic things about the indicator which I used in this strategy.
I used Commodity Channel Index, in short it is CCI indicator. It was developed by Donald Lambert to identify cycles in the commodity market. However it performs the same in the stock market or the Forex currency market. The Commodity Channel Index is simply an oscillator indicator that moves the majority of the time between +100 and -100 depending on the time-frame in Forex m…
I used Commodity Channel Index, in short it is CCI indicator. It was developed by Donald Lambert to identify cycles in the commodity market. However it performs the same in the stock market or the Forex currency market. The Commodity Channel Index is simply an oscillator indicator that moves the majority of the time between +100 and -100 depending on the time-frame in Forex m…
May 2nd 2018
Today EURUSD has decline consecutively third day and it has reached almost at recent daily support level. So I will wait for this pair, whether it will break the support level, or bounce back in recent days before making any trade decision. Meanwhile, I opened long trade on USDNOK, as it already broken above 200 SMA on daily chart.
07.March.2017 trade update
Yesterday, after USDZAR went below 11.90 level, I went short on this pair which performed well as expected. And soon it reversed in which also performed good. Now I am looking to go long on this pair after 12.00 level. Meanwhile, EURUSD is moving down but has good support at 1.24 level and it is ranging in between, before ecb interest rate decision. So for tomorrow, I am expecting this pair to move towards its long term direction which is long, and cross above 1.25.