DislikedI thought it may be useful to look at the EUR/GBP price action over the past week and check out how the strategy would have worked. Look at the chart below as see at what times price retraced to the pivot and then bounced down. Notice that I have added a MACD for confirmation. This indicator shows that the retracement spike up to the daily pivot is well above the centre line and ready to descend. {image}Ignored
Have you noticed the Pin Bars and Double Bar Highs/Lower Closes on those trades near or on Pivot -you see similar in the early posts of James16. Worth keeping an eye on imho of course.
every Saint has a past. Every Sinner has a Future