Greetings everyone,
I am a new member here. I want to thank Edward for having such a wonderful site explaining various strategies and informations regarding forex trading. I am also thankful for him for having a forum which acts as a platform to share knowledge regarding trading. I am sure many new traders like me would have got benefited through this effort of his.
I have been trading for a couple of month now. I have tried to find several systems and found that trading using pivot points are simple (the way i like). But I have a doubt in How to calculate them for different trading sessions?
1)Like should i be calculating pivot points seperately for each trading session i am trading in ? (ie Calculate seperately for Tokyo, London and Newyork sessions?
If so how to do this? Otherwise what is the general practice of using pivot points for trading?
2) Please also suggest me a simple MT4 indiacator that indicates the trend and givels buy/sell signals correctly most of the time.
All replies are appreciated. Thanking you in advance