MY PROFIT MAKING STRATEGIES.

I hope by now you are familiar with definitions of terms in the Forex world and how the market really works.Now the next question is where is the money in this business.Before you today is a detailed information that would point to you where the money is in the online forex business and how you can get it.I bet you nobody would give you the information i am about to give to you for free.The truth is there is no born GENIUS,They only worked their way there.You too can start projecting entries and exit like a pro-gen(My Vocabulary) at least to a percentage of 80.Enough of the stories and lets get started.

The First Indicator i would love to talk about is the BOLLINGER BAND.But let me say this from the onset that there is need for you to forget about all those junks you have read or you have been told just prepare your mind to receive a fresh information.I just need you to pretend like you have never heard about it .
So Lets Go There like my Guys would say!!!!!!!!!!!!!!!!!!!!!!!!!

BOLLINGER BAND.
Bollinger band are use to measure the market volatility.......BASIC.I would go on further to say with bollinger band you are sure to know the range,boundaries of the market.This tool makes us know when the market is QUIET and when the market is LOUD!We have the upper,middle and the lower bollinger band.And price tend to approach this bands e.g when the price is at the upper band,it always try to find its way towards the middle part and then the lower bollinger band and vice-versa.With Bollinger band you can easily predict when the market is about to explode.So what i am trying to say in 4 or5 lines are
*Bollinger band is use to know the market range.
*Bollinger band is use to know the volatility of the market
*It would always approach the lower to middle and then to the upper bollinger band or from the upper bollinger band through the middle and then to the lower band
*Bollinger band is use to predict explosion.
That is all you need to know about the Mr.BOLLINGER BAND.You just go straight right away to your chat find the indicator list and click on bollinger band to see what it looks like.

PIVOT POINT
Pivot points are very useful tools that use the previous bars' highs, lows and closings to project support and resistance levels for future bars. Daily pivot points are useful for swing trading; while 4 hour pivot points are useful for intraday trading. Longer term pivot points provide an idea of where key support and resistance levels should be. Place the pivot points on your charts and see how traders appear to give pivot point levels a lot of respect.

* Daily pivots are calculated from previous day's high, low, close which ends at 5pm est or 21pm GMT.
* 4 Hours pivots are calculated from previous 4 hours bar which ends at 2100, 0100, 0500, 0900, 1300, 1700 GMT.
* The pivot levels and charts are updated throughout the day to cater for data adjustments during the day.
* Choose the currency pair on the right menu for charts showing pivot levels.

We will stop here for today,and continue in our next post.
Till Then,
Happy Trading.