Olaha, what charting system do you use? and Oanda is your broker?
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
DislikedOlaha, question - I was just watching the graphs. Here is what happened...
4 hour pivot = 1.9869
R1 = 1.9901
R2 = 1.9936
R3 = 1.9968
Range = 67 (20/20/20/7)
Price hit R1 and then retraced to 1.9877. Then price rallied back up and broke through R1 and took profit at 20 pips, then adjusted stop loss to 5 above R1 (1.9906). Then the market fell and took out my stop loss and fell to a low of 1.9891 (below R1). Price then rallied again and took out R1 and went to a current High of 1.9923 .
My question is... Since it fell back below R1 after taking me out, at break even + 20 pips that I locked, should I have entered back when it rallied up past R1 and done the same thing? - All the pivot levels were the same, none had changed.Ignored
DislikedOlaha.. Look at 4 hour pivot..
PP = 1.9955
R1 = 1.9975
R2 = 1.9994
R3 = 2.0014
Price reached R1, retraced back to 1.9956. And now pulling back up, if price reaches R1 again, good time to enter? Range = 39, 2 lots 20/19 ??
Edit: Nevermind, price just dropped bellow PP.Ignored
Dislikedthis one can't. It's very close
sorry... let reply. Someone came to my house.Ignored
Dislikedjust curious here. what about the daily Pivots. we have R1 tested and there has been a retracement back to R1. do we even consider the daily like this one. the only problem i will have with this is the pp is very far from R1 and so our stop loss will be very big. what do you all think?Ignored
Dislikedjust curious here. what about the daily Pivots. we have R1 tested and there has been a retracement back to R1. do we even consider the daily like this one. the only problem i will have with this is the pp is very far from R1 and so our stop loss will be very big. what do you all think?Ignored