Pivot Points: Pivot point is a level in which the sentiment of the market changes from “bull” to “bear” or vice versa.
Thursday, January 21, 2010
When entering a basic simple entry, Pivot levels help to you determine in what direction you should go. And they will go a long way to calm fears when trading in real cash.
You find them using a "Pivot Calculator"
P = Pivot
R1 = Resistance level 1
S1 = Support level 1
R2 = Resistance level 2
S2 = Support level 2
R3 = Resistance Level 3
S3 = Support Level 3
Monday, January 18, 2010
Is a chart with rectangular bars of lengths usually proportional to the magnitudes or frequencies of what they represent.
Uses bars to show frequencies or values for different categories, also known as a bar graph.
Bar charts are used for comparing two or more values. The bars can be horizontally or vertically oriented.
Sometimes a stretched graphic is used instead of a solid bar.
Each bar contains 4 'hooks' (the opening, closing, high and low (OCHL) rates of transactions at a certain time interval). VET3PM5UHFQB
Is a two-dimensional scatter plot of ordered observations where the observations are connected following their order.
The line chart is a graphical representation of the historical exchange rate of a specific currency pair in a certain period of time. The line is brought into existence and drew according to the closing prices connection of the day.