Ya I know. But what I mean is.. since the range from pp to s1 is only 13 pips, chances are it will retrace within 10 pips of pp, so would you enter if it retraced within that area and then hit s1 again?
Ya I know. But what I mean is.. since the range from pp to s1 is only 13 pips, chances are it will retrace within 10 pips of pp, so would you enter if it retraced within that area and then hit s1 again?
Hourly PP - 1.9966 S1 - 1.9954
Price was already below S1 earlier, and it came back up, went 1 pip from new pivot, if it goes back down to S1, do you enter? Or wait for it to hit S1, then retrace (since new pivot and S1), then hit S1 again and enter?
And another thing I was wondering, suppose you are in a trade and have not taken profit yet at 20pips - then the pivots and R's and S's change, what do you do?
|
Joined Jun 2007
|
Status: Leading Trader
|399 Posts
The price just hit S1.. I didn't see any retracement yet.
Let the price hit S1 and retrace below Pivot.
I think...this question already ask by someone. Pls read again at the past post;
If you are in a trade and the pivot change, you just need to adjust your take profit level and SL. If you happy with your earlier target than leave it.
Hourly PP - 1.9966 S1 - 1.9954
Price was already below S1 earlier, and it came back up, went 1 pip from new pivot, if it goes back down to S1, do you enter? Or wait for it to hit S1, then retrace (since new pivot and S1), then hit S1 again and enter?
And another thing I was wondering, suppose you are in a trade and have not taken profit yet at 20pips - then the pivots and R's and S's change, what do you do?
|
Joined Jun 2007
|
Status: Leading Trader
|399 Posts
Leo,
Seems.. the system can confuse me. I don't really understand the system.
I fell like difficult to follow. I am prefer the system that I had.
Is easy and save for everybody to use.
If you feel that you can follow... no harm to try.
Let me know after that.
If you talking about current trade.
You already stop out.
If you talking about my system,
Normally... if you follow the rule that given you will not see any SL.
Ignored
Well that trade woulda met your system wouldn't it? Hit S1, retraced (didn't hit pivot) then hit S1 again (enter short) then it went and hit pivot (stop loss) - wouldnt the pivot be stop loss?
Well that trade woulda met your system wouldn't it? Hit S1, retraced (didn't hit pivot) then hit S1 again (enter short) then it went and hit pivot (stop loss) - wouldnt the pivot be stop loss?
