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Pivot Point with Money Management Strategy

  • #281
  • Aug 24, 2007 12:58am Aug 24, 2007 12:58am
It's depend on your spread my dear... some broker give up to 4 pips spread...

my spread only 2.5..

So if the price ASK 1.9975, so my BID 1.9977.

But if your spread is 4,
So you will get Bid 1.9979


Quoting leo221
one question:as yestreday 4hR1 was 1.9975 ,when we bought if we should wait price showed like 1.9975/1.9978,so we got 1.9978.is this right?
  • #282
  • Aug 24, 2007 1:03am Aug 24, 2007 1:03am
hi olaha
how do you think right now? do you trade in this timezone (in 90m)?
  • #283
  • Aug 24, 2007 1:06am Aug 24, 2007 1:06am
I don't understand what do you means by 90m

give me EST or GMT

Quoting leo221
hi olaha
how do you think right now? do you trade in this timezone (in 90m)?
  • #284
  • Aug 24, 2007 1:12am Aug 24, 2007 1:12am
my spread is 3.
i mean time from now 1.5 hour before london market.
  • #285
  • Aug 24, 2007 1:17am Aug 24, 2007 1:17am
ok here it is comeing 2.0013 hit rightnow. are you in?
  • #286
  • Aug 24, 2007 1:18am Aug 24, 2007 1:18am
No. I am waiting for London open at 3am EST


Quoting leo221
my spread is 3.
i mean time from now 1.5 hour before london market.
  • #287
  • Aug 24, 2007 1:20am Aug 24, 2007 1:20am
No... wait for London open. For major direction, still bullish.
So wait for bullish signal only for the day.


Quoting leo221
ok here it is comeing 2.0013 hit rightnow. are you in?
  • #288
  • Aug 24, 2007 1:34am Aug 24, 2007 1:34am
hi olaha
i read 4h macd (300p/month) strategpy in this forum .by that sys say gbp today get chance to go 21ema on 4h chat it is 1.9957 now ,it is daily S1 also
  • #289
  • Aug 24, 2007 1:42am Aug 24, 2007 1:42am
I can't say much right now.....wait for PP next hour "7GMT"


Quoting leo221
hi olaha
i read 4h macd (300p/month) strategpy in this forum .by that sys say gbp today get chance to go 21ema on 4h chat it is 1.9957 now ,it is daily S1 also
  • #290
  • Aug 24, 2007 2:23am Aug 24, 2007 2:23am
For now.... I don't see anything yet..
We have to wait for the price test around 2.0026, 2.0035 and 2.0049
  • #291
  • Aug 24, 2007 2:55am Aug 24, 2007 2:55am
look eur hit the 4h r1 with overbought on 1m chat ,clear.thx again
  • #292
  • Aug 24, 2007 3:10am Aug 24, 2007 3:10am
Yes.. that is good....
But I don't like to trade Eur. The range is small



Quoting leo221
look eur hit the 4h r1 with overbought on 1m chat ,clear.thx again
  • #293
  • Aug 24, 2007 3:27am Aug 24, 2007 3:27am
I hope everybody already enter the trade at hourly pivot
  • #294
  • Aug 24, 2007 3:34am Aug 24, 2007 3:34am
i am sorry .... just now got news release...

But now is good time to enter

target still at R3 hourly
  • #295
  • Aug 24, 2007 3:51am Aug 24, 2007 3:51am
no i did not get it.but the idea i got it.thx
  • #296
  • Aug 24, 2007 4:12am Aug 24, 2007 4:12am
just so that i can follow along. does anyone have the numbers for this trade, i mean the PP, R1 and R3. if you do please post them so i can follow along since i missed that hourly data.

Olaha i use stoch (5 3 3 ) on the 1 min chart for retracement. I believe those are the correct parameters.


Quoting Olaha
I hope everybody already enter the trade at hourly pivot
  • #297
  • Aug 24, 2007 4:20am Aug 24, 2007 4:20am
i manage to take 20 pip for the 1st lot,
when the price move up... I place my SL at +20.
So... I close my 2nd lot at +20 SL (2.0038)

I hope some of you manage to do the same.
  • #298
  • Aug 24, 2007 4:31am Aug 24, 2007 4:31am
for this trade , lot of question.
pp=1.9998
r1=2.0018
r2=2.0046
r3=2.0068
4h pp=2.0035
daily pp=2.0022
so price was below 2 pp?
others look nice.
i will follow it when price is above 3pp
  • #299
  • Aug 24, 2007 4:36am Aug 24, 2007 4:36am
This the link;
http://www.actionforex.com/forex_ana..._200603215756/

The stoch setting;
Stoch 5,3,3


Quoting gtketum
just so that i can follow along. does anyone have the numbers for this trade, i mean the PP, R1 and R3. if you do please post them so i can follow along since i missed that hourly data.

Olaha i use stoch (5 3 3 ) on the 1 min chart for retracement. I believe those are the correct parameters.
  • #300
  • Aug 24, 2007 4:54am Aug 24, 2007 4:54am
If the price above the all PP level.. that show strong bullish


Quoting leo221
for this trade , lot of question.
pp=1.9998
r1=2.0018
r2=2.0046
r3=2.0068
4h pp=2.0035
daily pp=2.0022
so price was below 2 pp?
others look nice.
i will follow it when price is above 3pp
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