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Pivot Point with Money Management Strategy

  • #101
  • Jul 19, 2007 6:21am Jul 19, 2007 6:21am
hi olaha
for the gbp short plan,i found 1H sto is too low now it is around 10 level,and cross happened many hours ago,15M sto show a oversold.
how do you think my thought?
  • #102
  • Jul 19, 2007 6:34am Jul 19, 2007 6:34am
Yes...good...
Not the time yet...wait for retracement.


Quoting leo221
hi olaha
for the gbp short plan,i found 1H sto is too low now it is around 10 level,and cross happened many hours ago,15M sto show a oversold.
how do you think my thought?
  • #103
  • Jul 19, 2007 6:51am Jul 19, 2007 6:51am
hi olaha
thx for the answer .
another question:eur/jpy now is new range from 168.58 to 168.97.R1 on 4H is
168.58,can we take it ? there is no new cross on 1H sto ,does it matter?
  • #104
  • Jul 19, 2007 7:04am Jul 19, 2007 7:04am
In 1 hr, the stochastic show that want to retrace, u better wait for another 30 minutes, if the next candle continue than take it..

For save side... u can take at 168.70, With stochastic confirmation (15 minutes chart)


Quoting leo221
hi olaha
thx for the answer .
another question:eur/jpy now is new range from 168.58 to 168.97.R1 on 4H is
168.58,can we take it ? there is no new cross on 1H sto ,does it matter?
  • #105
  • Jul 19, 2007 8:14am Jul 19, 2007 8:14am
hi olaha
one more:for 30M chat ,you use sto with which one:14 3 3 /14 or 5 3 3/5 or
8 3 3/8 ?last one is my thought.thx
  • #106
  • Jul 19, 2007 8:24am Jul 19, 2007 8:24am
5,3,3

Quoting leo221
hi olaha
one more:for 30M chat ,you use sto with which one:14 3 3 /14 or 5 3 3/5 or
8 3 3/8 ?last one is my thought.thx
  • #107
  • Jul 19, 2007 8:26am Jul 19, 2007 8:26am
Sorry...30 m charts... use 14,3,3

Quoting leo221
hi olaha
one more:for 30M chat ,you use sto with which one:14 3 3 /14 or 5 3 3/5 or
8 3 3/8 ?last one is my thought.thx
  • #108
  • Jul 19, 2007 9:15am Jul 19, 2007 9:15am
Good night and good day to all...

I have to go.....

I don't take anymore..... very slow...

now the trend is sideway...
  • #109
  • Jul 19, 2007 1:35pm Jul 19, 2007 1:35pm
Quote:
Originally Posted by hebsh http://www.forexfactory.com/images/buttons/viewpost.gif
Olaha
i entered 4 lots my entry point 20499 SL 20 pips Below
Advice me Please
my time of entring 8.30GMT

Quoting Olaha
Buy/sell?
Do you think he (hebsh) could sell and set up the stoploss "20 pips Below" ?
  • #110
  • Jul 19, 2007 9:26pm Jul 19, 2007 9:26pm
Actually I am not sure either hebsh sell or buy.
I think.. buy entry.
He shouldn't enter at that time because no signal yet on buy entry
that time. He knows his mistake.

On the time he send me the message, I was offline.
After 2 hours, I came back to online.
Than I see his message.
Is too late to ask.
When I send a message to ask either buy/sell he didn't reply.
Is to bad, I can't help him.
If I am not mistaken,
he enter 4 lots mini account.
So, 20 pips SL is just nice.

I don't know where is hebsh now...he is missing.
I hope he will back today.


Quoting vasyan
Quote:
Originally Posted by hebsh http://www.forexfactory.com/images/buttons/viewpost.gif
Olaha
i entered 4 lots my entry point 20499 SL 20 pips Below
Advice me Please
my time of entring 8.30GMT



Do you think he (hebsh) could sell and set up the stoploss "20 pips Below" ?
  • #111
  • Jul 19, 2007 10:08pm Jul 19, 2007 10:08pm
For information to you all;

I will be back to online by 4.15am EST.
I will follow up the news release at 4.30am EST.

I am sick, so.. I will not stay long on my laptop.
So, If you have any question, I will try to answer when I am online.
Try to ask by today.
Next week.. for 1 week, I will not be around.
  • #112
  • Jul 19, 2007 10:55pm Jul 19, 2007 10:55pm
Great way of thinking... Thanx first of all.

What I don't get that if the price is above R1 or below S1 then shoud we take the trade from R2 or S2...
I am lost in this.

Maybe it is time to relax for a while
  • #113
  • Jul 20, 2007 3:06am Jul 20, 2007 3:06am
2 hebsh

Good entry i guess.. Try to catch your profit at 2.07 or even above

SL may seem a bit tight though
  • #114
  • Jul 20, 2007 3:17am Jul 20, 2007 3:17am
Actually is very simple rule that you should follow;

Look for PP level for Daily, 4 hrs, hourly.
If the price is above the Pivot for Daily, 4 hrs and hourly =bullish
If the price is below the Pivot for Daily, 4 hrs and hourly =bearish

The entry at R1 for buy/ S1 for Sell (4 hrs PP)
SL will be at Pivot level for either buy or sell.
With confirmation from Stochastic.

I think... you need to read again on page 1 of this thread to get better understanding.



Quoting brok
Great way of thinking... Thanx first of all.

What I don't get that if the price is above R1 or below S1 then shoud we take the trade from R2 or S2...
I am lost in this.

Maybe it is time to relax for a while
  • #115
  • Jul 20, 2007 3:20am Jul 20, 2007 3:20am
What do u mean the SL a bit tight?

He bought 4 lots (mini lots).
Let say 1 lot 1000 unit
20 pips is 20$ for 1 lot
If 4 lots = $80
Is a big money for him friends...



Quoting vasyan
2 hebsh

Good entry i guess.. Try to catch your profit at 2.07 or even above

SL may seem a bit tight though
  • #116
  • Jul 20, 2007 3:38am Jul 20, 2007 3:38am
It depends on what is counted as a lot\or unit .. Say when i sell\buy 1 lot through my broker i sell\buy $1k ( 1 pp = $0.1, 4 lots -> 1pp=$0.4 and so on.. )

As to the rules.. I see it the following way

If the day open above a pivot, then set an enter around a pivot ( the price always runs to pivot prior to moving to R1 etc. Watch some days for it and you'll see it's true 90% of time)
SL - under S1

R\R ratio is 1:1 in this case, with the possibility to rise higher..

More profitable is such a case :

If the price crossed the pivot not reaching 1st R or S - then it 99% will reach opposite S or R 3 (respectively)
Say it opened under the pivot, fell a bit but did not reach the S1 then went up above a pivot (and it happened at the past part of eu session, not earlier) - it always goes to #3 level in such cases .. That's all
  • #117
  • Jul 20, 2007 3:59am Jul 20, 2007 3:59am
As what I always mention, the entry at R1 or S1 but I don't enter on the spot... I always remind to wait for retracement to get confirmation. If the price came back to Pivot means no trade. But if the price been to R1/S1 and retrace above the pivot than came back again to R1/S1.. the price will not came back to Pivot level again. Because the price always test the strength at R1/S1 level. If the price agree than the price will continue to go to R2 and R3 or S2 and S3 (4 hours PP).

I hope this will convince you....


Quoting vasyan
It depends on what is counted as a lot\or unit .. Say when i sell\buy 1 lot through my broker i sell\buy $1k ( 1 pp = $0.1, 4 lots -> 1pp=$0.4 and so on.. )

As to the rules.. I see it the following way

If the day open above a pivot, then set an enter around a pivot ( the price always runs to pivot prior to moving to R1 etc. Watch some days for it and you'll see it's true 90% of time)
SL - under S1

R\R ratio is 1:1 in this case, with the possibility to rise higher..

More profitable is such a case :

If the price crossed the pivot not reaching 1st R or S - then it 99% will reach opposite S or R 3 (respectively)
Say it opened under the pivot, fell a bit but did not reach the S1 then went up above a pivot (and it happened at the past part of eu session, not earlier) - it always goes to #3 level in such cases .. That's all
  • #118
  • Jul 20, 2007 4:20am Jul 20, 2007 4:20am
hi olaha
i got this 4H pivot range ,look like there is no room for trading on gbp,4h R3 is
2.0509.for this situation what can we do?
  • #119
  • Jul 20, 2007 4:29am Jul 20, 2007 4:29am
Use the alternative... 1 hour PP


Quoting leo221
hi olaha
i got this 4H pivot range ,look like there is no room for trading on gbp,4h R3 is
2.0509.for this situation what can we do?
  • #120
  • Jul 20, 2007 4:34am Jul 20, 2007 4:34am
Quoting Olaha
As what I always mention, ....
I mostly agree .. Wll watch for such a principle by the time
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