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Monday, April 12, 2010

Forex Day Trading Room

EUR/USD [caption id="attachment_791" align="alignnone" width="300" caption="FXDMG"]FXDMG[/caption] Good Afternoon / Morning / Evening or what ever your time zone... I thought I would show you a 4 hour chart with pivot points on it. It has just updated from the last bar and you can see that it can be very helpful if you are looking for Support & Resistance levels. There are many web sites that offer a free calculator for these levels, and the one that I use is at http://www.dukascopy.com/swiss/english/marketwatch/pivot/ They show the Pivot, Woodie and Fibonacci on the same window. Hope this is helpful. P.S. Nice retrace since opening. $$$$$ in the bank. FXDMG

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