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Pivot Point with Money Management Strategy

  • #121
  • Jul 20, 2007 4:54am Jul 20, 2007 4:54am
Dear Vasyan and everybody,

My advice to you... you should use the system that you believe in.
Everybody has own style of trading. If you don't comfortable/believe this system.. don't follow.

I believe.. the success trader is a person that believe their own system.



Quoting vasyan
I mostly agree .. Wll watch for such a principle by the time
  • #122
  • Jul 20, 2007 5:03am Jul 20, 2007 5:03am
No advice needed
just sharing the points of view
  • #123
  • Jul 20, 2007 5:43am Jul 20, 2007 5:43am
This information may help everybody to see the history for today's trade as a lesson;

7GMT;
R1=2.0495
P=2.0487

The price already tested on R1 level =2.0495

7.15GMT;
Price retrace at P level.
So, No entry

8GMT;
R1=2.0495
P =2.0487

8GMT;
Price test again at R1,

8.15 GMT;
Price fail to retrace at P level

8.30 GMT;
Place order at R1 = 2.0495 - 2.0521
(Can use 1 hour PP level as Alternative)
Entry at R1=2.0495
SL =2.0487

9GMT;
R1 = 2.0513 (R3=2.0540)
P=2.0499

We can move our take profit level at R3=2.0540
New SL = 2.0499

9.45GMT;
Profit taken at R3 = 2.0540

Profit for the day = 45 pips
Attached Image
  • #124
  • Jul 20, 2007 7:49am Jul 20, 2007 7:49am
Is that really taken trade ?
  • #125
  • Jul 20, 2007 8:16am Jul 20, 2007 8:16am
Yes 4 lots

Quoting vasyan
Is that really taken trade ?
  • #126
  • Jul 20, 2007 8:32am Jul 20, 2007 8:32am
why not sharing this trade with us beforehand ? ..
  • #127
  • Jul 20, 2007 8:35am Jul 20, 2007 8:35am
hi olaha
the trade you made for sample ,there is a little question.at that time the daily pp is 2.0498.it was above price level ,it could be a R...,just like eur right now.how do you think?
  • #128
  • Jul 20, 2007 8:41am Jul 20, 2007 8:41am
I thought you are not interested to learn my system?

For those who are regular to follow-up my system will know.

Like Leo221, he's very positive with this system.
I don't mind to teach someone has a positive minded on this system.



Quoting vasyan
why not sharing this trade with us beforehand ? ..
  • #129
  • Jul 20, 2007 8:51am Jul 20, 2007 8:51am
My advice.. don't take because the retracement is not clear.
I think..now will be sideway already for EUR.

The daily PP is 2.0498. The PP broke already on earlier up to 2.0512. That is just for the test off Pivot area.
Since the 4 hrs and hourly PP level is match, is win direction for bullish (at 2 Pivot level match).

Quoting leo221
hi olaha
the trade you made for sample ,there is a little question.at that time the daily pp is 2.0498.it was above price level ,it could be a R...,just like eur right now.how do you think?
  • #130
  • Jul 20, 2007 9:06am Jul 20, 2007 9:06am
Leo221,

Now EUR testing at 3818, and retrace.
If the retracement at above 3805,
Enter at cross stochastic (15 minutes chart)



Quoting leo221
hi olaha
the trade you made for sample ,there is a little question.at that time the daily pp is 2.0498.it was above price level ,it could be a R...,just like eur right now.how do you think?
  • #131
  • Jul 20, 2007 9:29am Jul 20, 2007 9:29am
hi olaha
i just got one in real.long at 2.0536 close at 2.0565.
  • #132
  • Jul 20, 2007 9:33am Jul 20, 2007 9:33am
Why so early.... stil can go to 2.0573..
Mine...still running... for the last 1 lot..


Quoting leo221
hi olaha
i just got one in real.long at 2.0536 close at 2.0565.
  • #133
  • Jul 20, 2007 9:38am Jul 20, 2007 9:38am
Leo,

Your Euro can go to 3850
  • #134
  • Jul 20, 2007 9:43am Jul 20, 2007 9:43am
i am done.... From 2.0537 to 2.0570.... 33 pips - 2 lots..
Now I can go to sleep...

Good night and good day everybody...
  • #135
  • Jul 20, 2007 9:55am Jul 20, 2007 9:55am
hi olaha
thx for the teaching again.
i cut the eur with -1p.and followed the gbp with 30p gain.not bad.
i see you got extra pip there ,right?congratulating!
  • #136
  • Jul 22, 2007 7:21pm Jul 22, 2007 7:21pm
Thanks for the system, I'm going to test it...
you'll get feedback
  • #137
  • Jul 23, 2007 1:21pm Jul 23, 2007 1:21pm
hi olaha:
i got confuse,today (July 23 15:00 GMT) i got usd/chf long order ,1H-R1 was 1.2056,4H-R1 was 1.2063, i was in at 1.2056.the price went to touch 1.2063
quickly,then retraced.after two hours it broke out 1.2063 and went up.
Did i choose a wrong price?(at that time ,1H STO was overbought).daily R1 was 1.2054.pp level was fine.
  • #138
  • Jul 23, 2007 7:06pm Jul 23, 2007 7:06pm
hi
i found another one eur/jpy right now .00:00 GTM.price broke 1h-s1 at 167.04,test the 4h-s1 166.92.now the STO on 15m is oversold,it need retrace .i will wait .look like 4h-s1 or 4h-r1 are important .just like a door ,price need break it to enter the 4H S1-S3 area.
  • #139
  • Jul 23, 2007 7:21pm Jul 23, 2007 7:21pm
eur/jpy without retracement (sto)broke the 4H-S1,i miss this one.
  • #140
  • Jul 25, 2007 6:37am Jul 25, 2007 6:37am
hello I came back from vacation... ... What I lost ????
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