Trading using two pivot levels - page 2

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Dj Co2:
Saw your trade explorer on FxFactory and your return doesn't look good

Actually, on that trade explorer, that you have seen - I wasn't trading following this trading system's rules, so the outcome was negative. You can check my performance: dirzu_a's Profile | Myfxbook

 
bzs:
i have a question?

does the pivot levels come from the pivot point?

or is the pivot levels related to the pivot point?

i know how to calculate the pivot point. but how to calculate the pivot levels？

Maybe, I haven't explained it correctly in the beginning of this topic - the levels are drawn manually, by observation where the price had problems in the past.

 

Forex: EUR/JPY, medium term analysis (delayed trade entry)

After tormenting attempts for breaking the pivot level of 136.12, this currency pair has rejected strongly from the aforementioned level - so it stayed in the bearish bias zone. Even so, for entering short, I needed for the price to close a candle below the 132.17 confirmation level (the lower limit of the magenta confirmation range) which, by the way - was carried out, after all. My entry was delayed by almost 20 pips lower. The stop-loss is located on the 136.12 level (pivot level) and the target price is the 130.142 low.

 

Live webinar

Enjoy my live webinar, today, 9th March 2015 on capital markets, at 16:00 (GMT):

https://www.dukascopy.com/tv/Live?path=topic/show&id=8246

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