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You can use any pivot indy or get the THV pivots and THV info panel from Cobra's thread (THV) Attached Files ###Gann_Hi Lo_Activator_v2###.ex4 2 KB | 3,301 downloads #MTF_Stochastic.ex4 3 KB | 3,104 downloads LFL-ATRprojections.ex4 6 KB | 3,514 downloads Magnified Market Price.ex4 3 KB | 2,753 downloads sm Super TRIX_PV_4col.ex4 12 KB | 3,192 downloads sm Super TRIX_v2.ex4 11 KB | 3,079 downloads okehie gu 33 KB | 3,130 downloads LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL In continuation of the trading system.I think it is appropiate we first understand the currency pair we trade, its characteristics, behavioural patterns and movement.So we trade the system on the pound dollar usually referred to as cable. There was this big time, very succesful speculator in the market who trades large orders capable of moving the market. Forex online broker nederland. He hired a technical analyst as part of his team since he was a fundamentalist.So on a particular pair the tech was showing him the areas of supports and resistance and price projections with all the familiar technical stuff.He told the speculator to buy at a certain level which was quite a major support.
Well the man asked him 'you sure I should buy here' the young man said yes.Okay to the horror of the young man the speculator gave a large sell order at that support level, price raced down as that order went through protective stop orders and the old speculator rubbed his hands as he took profit and then reversed the orders to go long with a grin on his face and smiling to the young tech.Ladies and Gentlemen that story depicts the trading behaviour of the market makers that trade cable. Now let us take a look at an example on the 1 march 2010.Price had got to the physcological support zone between 1.5000 and 1.49655.Where all the analyst where speaking of a reversal citing soveriegn buy orders at that level.