DislikedHi Ioni, I'm looking at your pivot points. Do you stay away from ALL the points? R1, MR1, MR2, MS1, MS2, stuff like that? First time coming across this pivot levels (I'm still relatively new)Ignored
Sorry for the delay.
If you want to entry it is better to avoid that if the price is just above or below those lines. I take as security 5 pips in both directions. We, as individuals, never know when the main trend will stop and these lines are often the points where the trend change or at least the price bounds strongly. You can manage it, of course, by a large stop loss, but since I trade during the London session I don't want to wait to long to close my orders.
If you have any other question, please don't hesitate to ask here.
Ioan