The System of Forex Intraday Pivots Trading - HOW THE TRADE SYSTEM WORKS

When price penetrates a pivot number, it often retraces back to the pivot, and touches it briefly. If it was support that was penetrated, and it does not move back up above it, but continues to hover just below it, there is about to be a drop in price.

At the point that it retraces after dropping below support, enter a sell with a modest stop loss somewhere on the other side of the broken support line. Notice the illustration below of the USD/JPY at 2 am EST. The price had just broken below the S2 number, which was 123.38. It briefly touched the 123.38 to 123.41 area and then began to descend. As you can see, it moved down all through the European and US market sessions.

The System of Forex Intraday Pivots Trading - HOW THE SET-UP SYSTEM WORKS

After you have calculated the pivot numbers for the day, place horizontal lines on your 5-minute and 1-hour charts at the pivot numbers for the day, or at least as many lines as your chart gives you room for. It should look something like this:

The lines in the above illustration represent five of the nine calculated numbers. On this five-minute chart, that was all there was room for. The nine numbers are:
R2,M4,R1,M3,Pivot,M2,S2,M1,S1

The System of Forex Intraday Pivots Trading

This is a trading system that I use primarily on the Swiss Franc (USD/CHF) in the Spot Foreign Exchange market. I will outline the system as I apply it to the Swiss Franc, hereafter known just as USD/CHF (I believe this stands for Confederation Helvetica Franc).

WHAT YOU NEED
1. Five-minute and 1-hour charts for the forex currencies. The 1-hour chart helps define the intraday trend and the five-minute is used for entry and exit. I use MG Forex’s charting package because their charts represent broker prices and closely reflect the prices of all retail brokerages (i.e., MG Forex, FX Solutions, FXCM, GFT Forex, Gain Capital, etc.).

The ideal market for trading [How to Trade The Forex like a Pro in One Hour]

Tired of giving money to your broker and feeling broker? Well, outperform him or her. Currencies don’t crash. They outperform stocks. Earn immediate income and stop worrying about job security and layoffs forever.

WHY YOU SHOULD GIVE THE FOREX A SECOND LOOK
- Large returns
- Currencies trend well.
- There are no commissions.
- US$6 trillion a day and growing
- The forex is a very efficient market.
- High leverage: Each pip is worth US$10
- There is lots of movement in this market.
- You can trade 24X5 from home or anywhere.
- Little capital is required – as little as US$500.
- You can easily start out by taking 20 pips a day.
- You can trade whether you have a day job or not.
- You can hedge at FX Solutions. Not all market makers allow this.
- All you need is an Internet connection; charting/dealing software is free.
- This is real-time trading; 2.5 to four second response time; rare re-quotes.
- Low lot size: 100 to one ratio; US$100 controls US$10,000 (1,000 = 100,000)

How To Save On Auto Insurance

One of the main considerations most of us take into account when shopping for automobile insurance is, of course, cost. No one wants to pay more for a auto insurance if you can get it for less, right? Isn’t that the American way? With that in mind, let’s explore some of the things you can do to keep your auto insurance costs as low as possible.

By far the biggest single factor in keeping your auto insurance rates as low as they possibly can is a clean driving record. Period. If you’ve had an accident or moving violation in the last three years, your auto insurance rates are going to go up. In some cases, even if you are involved in an accident, your auto insurance company is probably going to hike those rates up noticeably.

Buying Auto Insurance On the Internet (Online)

Auto insurance agents, some say, are a dying breed. Nowadays, auto insurance is
one of those service businesses that are becoming more and more dominated by Internet providers.

As a matter of fact, there's some question whether auto insurance agents are needed at all anymore. Do you really want to spend your Saturday morning visiting an auto insurance office to get pitched on a single car insurance company's policy when you can buy auto insurance online any time - weekends, evenings, etc. Not only that, but buying auto insurance online enables you to compare the offerings of several companies side-by-side in terms of policies and premiums. What's more, you can buy the policy online (in most states), and even file claims on the Web.

LEARN THE SECRETS CONFINED TO A TINY CIRCLE OF INSIDERS JOIN THE WORLD’S LARGEST MONEY-MAKING BUSINESS THE DAILY $6 TRILLION TREASURE HUNT

Stop what you’re doing for a minute and consider this. We’ll show you how you can get your share of the $6 trillion-a-day markets. You’ll think you’ve died and gone to
Heaven when you find out how easy it is to mimic the pros. Every day, six trillion dollars float through the hands of people who aren’t any smarter than you or I are. It doesn’t make any difference if you’re an accountant, baker, butcher, retired sea captain, homemaker, airline pilot, surgeon - or cop on the beat.

If you’re willing to take some direction, you deserve a nice piece of the action. You’ll never have to learn zip about currencies. You will learn the techniques and strategies to go out and claim what is rightfully yours. Play right along with the giants of world commerce. You won’t be on the outside looking in; you’ll be enjoying the thrill of a lifetime, riding on their king-size coattails. Trading the forex market deserves your serious consideration.

The 25 Rules Of Forex Trading Discipline - Part 21/25 Disciplines

21. LEARN TO SWEAT OUT (SCALE OUT) YOUR WINNERS.
The net effect of scaling out of your winners will be an increased average win per trade while keeping your losses to your pre-defined risk parameters. You should never scale out of your losers. If your trade size is more than a one lot and your trade is a loser, you must exit the entire position en masse. If your trade size is more than a one lot and your trade is a winner, it is best to exit one-half of your position at your first price target.

If you trade with protective stop-loss orders, you should amend the order to reflect the change in trade size (remember you have exited onehalf of your position) and raise or lower the stop price, depending on whether its a long or short position, to your original initiating trade entry price. You now are essentially playing with the houses money.

The 25 Rules Of Forex Trading Discipline - Part 16/20 Disciplines

16. IF YOUR TRADE IS NOT GOING ANYWHERE IN A GIVEN TIMEFRAME, IT’S TIME TO EXIT.
This rule relates to the theory of capital flow. It is trading capital that pushes a
market one way or another. An oversupply or imbalance of buy orders will push the
market up. An oversupply of sell orders will push the market lower. When price stagnation is present (as typically happens many times throughout the trading session), the market and its participants are telling us that, at the present time, they are happy or satisfied with the prevailing bid and offer.

You dont want to be in the market at these times. The market is not going anywhere. It is a waste of time, capital and emotional energy. Its much better to wait for the market to heat up a little and then place your trade.

The 25 Rules Of Forex Trading Discipline - Part 11/15 Disciplines

11. THE FIRST LOSS IS THE BEST LOSS.
Once you come to the realization that your trade is no good its best to exit immediately. Its never a loser until you get out and Not to worry, it'll come back” are often said tongue in cheek, by traders in the pit. Once the phrase is stated, it is an affirmation that the trader realizes that the trade is no good, it is not coming back and it is time to exit.

12. DON’T HOPE AND PRAY. IF YOU DO, YOU WILL LOSE.
When I was a new and undisciplined trader, I can’t tell you how many times that I
prayed to the “Bond god. My prayers were a plea to help me out of a less-than-pleasant trade position. I would pray for some sort of divine intervention that, by the way, never materialized. I soon realized that praying to the 'Bond god' or any other 'futures god' was a wasted exercise. Just get out!

The 25 Rules Of Forex Trading Discipline - Part 6/10 Disciplines

6. DEVELOP A METHODOLOGY AND STICK WITH IT. DON’T CHANGE METHODOLOGIES FROM DAY TO DAY.
I require my students to actually write down the specific market prerequisites (setups) that must take place in order for them to make a trade. I dont necessarily
care what the methodology is, but I do want them to make sure that they have a set of rules, market setups or price action that must appear in order for them to take the trade. You must have a game plan.

If you have a proven methodology but it doesnt seem to be working in a given trading session, dont go home that night and try to devise another one. If your methodology works more than one-half of the trading sessions, then stick with it.

7. BE YOURSELF. DON’T TRY TO BE SOMEONE ELSE.

The 25 Rules Of Forex Trading Discipline - Part 1/5 Disciplines

1. THE MARKET PAYS YOU TO BE DISCIPLINED.
Trading with discipline will put more money in your pocket and take less money out. The one constant truth concerning the markets is that discipline = increased profits.

2. BE DISCIPLINED EVERY DAY, IN EVERY TRADE, AND THE MARKET WILL REWARD YOU. BUT DON’T CLAIM TO BE DISCIPLINED IF YOU ARE NOT 100 PERCENT OF THE TIME.
Being disciplined is of the utmost importance, but it's not a sometimes thing, like
claiming you quit a bad habit, such as smoking. If you claim to quit smoking but you sneak a cigarette every once in a while, then you clearly have not quit smoking. If you trade with discipline nine out of ten trades, then you can't claim to be a disciplined trader. It is the one undisciplined trade that will really hurt your overall performance for the day. Discipline must be practiced on every trade.

The 25 Rules Of Forex Trading Discipline - Part The Wheel of Success

There are three spokes that make up, what I call the Wheel of Success as it relates to trading. The first spoke is content. Content consists of all the external and internal market information that traders utilize to make their trading decisions. All traders must purchase value-added content that provides utility in making their trading decisions.

The most important type of content is internal market information (IMI). IMI simply is time and price information as disseminated by the exchanges. After all, we all make our trading decisions in the present tense based on time and price. In order to scalp the markets effectively, we must have the most live and up-to-date time and price information seamlessly delivered to our PCs through a reliable execution platform and/or charting package.

The 25 Rules Of Forex Trading Discipline - Part introduction

The success that a trader achieves in the markets is directly correlated to one’s trading discipline or lack thereof. Trading discipline is 90 percent of the game. The formula is very simple:Trade with discipline and you will succeed; trade without discipline and you will fail.

I have been a trader and member of the Chicago Board of Trade (CBOT) for 20 years.
During my successful pit-trading career as a scalper, I traded in three different contract markets: 30-Year Treasury bonds at the CBOT, the S&P 500 at the Chicago Mercantile Exchange (CME) and the Gilts at the London International Financial Futures Exchange (LIFFE). Currently, I also trade the electronic $5 Dow futures contract on the CBOT as time permits.

Choosing Online Forex

There is an abundance of platforms for online forex trading. Choosing one may be
difficult for someone who is new to this market. Here is the online forex trading software that displays forex trades visually, enabling forex traders of all levels to take part in the forex trading.

Online foreign exchange trading is the most economical yet lucrative means of
communicating with traders and other players in the foreign exchange market. Here is the innovative forex trading platform that took the world by storm, thanks to its visual approach to trading and superb trading capabilities. This online trading currency platform also provides good transaction online facilities.

The Important Steps of Day Trading Forex

Before I talk about how to succeed with day trading forex, I must let you know that many forex traders will lose money. It happens to us all. If reading that didn’t scare you, then you might be one of the few people who have the courage to day trade the forex market carefully, and not fall into the dangers of overconfidence which many traders suffer from.

But even beyond that, the problem that many day traders have is that they just don’t understand the market. That’s why you see so many of these day traders inundate their chart with useless indicators that provide absolutely no insight to the market such as stochastics, MACD, RSI, and other bells and whistles that may look pretty on the charts, but don’t amount to a hill of beans. All these indicators are good for, is to tell you what has already happened. They are completely lagging by nature.

Forex is the largest currency market in the world

Forex is the largest currency market in the world. It isn't located in any particular city or town. As a matter of fact it isn't located anywhere - it is entirely electronic. All you need to start investing money on Forex is ONE dollar and access to the Internet. These easy to fulfil requirements are the reason why millions of people invest their money on Forex every day. Among the investors are
professional stock brokers, accountants, housewives, retired persons, students, engineers and stayat- home mothers - literally anybody. There's no need for any specialised knowledge or skills to become a Forex trader.

» Is it simple?
Yes, very simple. What more - it can't be any simpler. The Forex market users log in to their accounts via the Internet and, in the simplest case, they see in their browsers the following:

Making Money on Global Forex Trading

There are different forms of business. But the easiest way of making money is to trade Forex. One of the leading providers of Forex trading in real times basis is the global Forex trading. It started out its operation since 1997. It gives chances to individuals to trade Forex online on real times and it offers an opportunity to
most Forex brokers to earn millions each day.

Global Forex trading is currently serving over one hundred countries. It uses the DealBrook FX2 software and provides twenty four hours access on the Forex market. It is also equipped with the highest quality of consumer service which is widely available in the industry of Forex trading. The Forex brokers are given the opportunity to have an access on the prices of over sixty currency pairs and provide analytical services from renowned experts. The traders are also updated with the latest news bulletin on currency status and available Forex charts. Global Forex trading is the only provider of trading platforms on forex suitable for beginners as well as professionals.

The Accenture Business Intelligence Solution for Insurance

Every day, senior executives in the insurance industry must make complex, business-critical decisions that take into account a wide array of performance metrics and market intelligence. Facing rigorous regulation and complex information-rich value chains, insurance companies have an absolute need for detailed, granular knowledge of what is happening in their operations, together with an ability to analyze this information in real time to investigate specific events, emerging trends and future what-if scenarios.

In many cases, the difficulty of achieving world-class business intelligence (BI) in insurance is compounded by insurers’ legacy information assets. At the same time, ongoing change in consumers, competition and capabilities means insurance businesses face growing pressure to break down their traditional, rigid information silos.