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Joined Jun 2007
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Status: Leading Trader
|399 Posts
I am using Oanda. I use chart that provided by Oanda.
By using my system, you don't need to use complicated charting system.
Bcoz my system base on price.
Try to use simple chart. Less confusion and easy to trade.
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Joined Jun 2007
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Status: Leading Trader
|399 Posts
ok...your are welcome....
I am happy to share my knowledge to see more people success in trading.
Pls share this system to your close family and friends for good.
God Bless you.
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.
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Joined Jun 2007
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Status: Leading Trader
|399 Posts
Yes you can do that, as long the price doesn't retrace back at pivot level.
You can take again at R1 but just becareful bcoz sometimes the price can reverse crazy. Sometimes that happen. Take note of this.
It's happen to me a few times. Some can be a good move.. big range.
If this happen, look back at news release. Sometimes, this happen bcoz of Oil price adjustment or some speech happen. Read as much news as possible. Update yourself. Just be aware what happening around the world. Esp. for US matters.
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.
just 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?
just 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
I was watching the daily from yesterday, the PP is way too far from R1 for me personally. Up to you and what is okay within your equity management range.
just 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?
