Do you ever trade during the US session? or only London session?
Alternative Trade Management/Money Management Methods 3 replies
Open Trade near Pivot line (Pivot Point) 14 replies
Money Management / Risk Management 24 replies
Pivot Point with Money Management Strategy 1 reply
Pivot point reference point? 7 replies
Dislikedbased on 4hr pivot, it just hit R1, retracing back to pivot now? if it retraces and stays above 1.9841 then hits R1 again, enter with SL at pivot = 1.9841.
Range from R1- R3 = 36, so 2 lots if equity management allows it.
Take first lot at 1.9881, second at 1.9897?Ignored
Dislikedand even if it did test it 3 hours ago.. it still retraced and went below pivot point..?Ignored
DislikedYa, i saw the retracement a few minute ago. but what I was asking is.. How do you know when the retracement is finished? As soon as it tests the R1, then goes down, the moment it comes back up and hits R1 again - thats the end of retracement?Ignored
DislikedIn this case is different... this is the news release.
Is not advisable to take this trade for those new to trading.
I like to use 30 second and 1 minute chart to see the retracement during the news release. The price also retrace above the pivot for daily, 4 hrs and hourly. That is great...Ignored
Dislikedhmmm.. so if you are trading 4hr pivot on 15m time frame.. once it hits the R1 /S1 on the 15m time frame, you then go to the 1m charts to watch for retracement? or what?Ignored