IWM Trading for May 16, 2010

[Charl]

Hi Billy,

I'm in !!!!

Glad you can find the time to teach !

What format will you use to conduct the training, and what time zone?


Regrds
Charl

John,

I will soon start a multi-pivots methodology tutorial series that will help novices starting from scratch. I plan to do one per weekend.

The formulas for calculating pivots are as follows:
Resistance 3 = High + 2*(Pivot - Low)
Resistance 2 = Pivot + (R1 - S1)
Resistance 1 = 2 * Pivot - Low
Pivot Point = ( High + Close + Low )/3
Support 1 = 2 * Pivot - High
Support 2 = Pivot - (R1 - S1)
Support 3 = Low - 2*(High - Pivot)

They are the same for all timeframes.
W= Weekly
M= Monthly,
Q = Quarterly,
S= Semester or Half-Yearly
Y = Yearly

Billy

[Billy]

Hi Billy,

I'm in !!!!

Glad you can find the time to teach !

What format will you use to conduct the training, and what time zone?


Regrds
Charl

Charl I hope I won't disappoint you if it is simply a word document or powerpoint format!
Billy

[asomani]

Billy, share as you see best.

I think most or all of us are appreciative of whatever knowledge you're willing to impart, regardless of how you do it. I will personally be happy to take it anyway I can get it.

Thank you.

[Charl]

Charl I hope I won't disappoint you if it is simply a word document or powerpoint format!
Billy

Billy,

I'll study it in anyway format you choose to share.

Thanks

Charl