Disliked{quote} You got the concept wrong Think of the pivot as equilibrium level and swings when breaks WP goes away from WP towards R61-100 or R38 Then could most likely reverse going back towards it WP and if breaks to opposite S38 61-S100 This chart should make it easy to see On EU example it bounced from 100S towards WP but failed to break.Does not always break.Fundamentals technicals etc.Point is it was a solid bounce from S100 over 100Pips !! Its all about the swing! on UJ it went from R61 to S61 to give you the possibilities when it breaks WP {image}...Ignored
- #19,342
- Jun 1, 2018 11:38am Jun 1, 2018 11:38am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #19,343
- Jun 1, 2018 11:48am Jun 1, 2018 11:48am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
- #19,347
- Jun 1, 2018 12:07pm Jun 1, 2018 12:07pm
- Joined Dec 2015 | Status: Trader | 2,586 Posts
Perfection is the enemy of good enough!
- #19,360
- Jun 1, 2018 11:55pm Jun 1, 2018 11:55pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time