Election Night results trade by trade.
(GBPJPY) Trade the Trend Journal 8 replies
My GBPJPY Trading Journal - Trading from level to level 23 replies
1MD Breakouts Journal - GBPUSD, GBPJPY, and USDJPY 0 replies
My journal Gbpjpy - No stop loss, no MM, your account is dead 0 replies
Mr.Y trading GBPJPY journal 18 replies
DislikedI use the stochastics as a confirmation whether price is overbought or oversold. The 50.00 line divides the buyers from the sellers, e.g. above 50.00 line indicates there are more buyers currently than sellers currently (1 hour chart).Ignored
Disliked[b][i][color=blue]Yes, there is more than one pivot daily: CPP, S1, S2, S3, R1, R2, R3, etc. I regard pivots as floors and ceilings and look for where price is in relation to that. I trade off floors and ceilings, i.e. support and resistance. The area between pivots is "No-man's land" for the reason that price is "floating" between a floor and ceiling (a pivot or some other floor or ceiling). In such cases part of the move is already over (having started at a floor or ceiling), thus a more dangerous area to calculate if you are thinking about...Ignored