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Post# of 140146
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pennies2007

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pennies2007

Re: villas post# 40053

Thursday, 10/08/2009 10:26:12 PM

Thursday, October 08, 2009 10:26:12 PM

Post# of 140146
Absolutely.

I watched that happen last night. Just a few minutes after GMT midnight, the support levels on the chart changed. It was really amazing to watch.

It makes me think that these big banks really do have automated software to do their trading...at least a portion of it.

The pivots I'm using are from that web site link I gave you. I have found them to be accurate with 10 pips or so...pretty close for the trading I do.

Typically what I do is put my orders and stop losses in about 10 pips above the support level I'm watching or my TP 10 pips below the resistance level I want to exit at.

So far, it's worked well.


*************TRADING AND EMOTIONS DON'T MIX!*************

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