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Pivot Point with Money Management Strategy

  • #381
  • Sep 11, 2007 2:54am Sep 11, 2007 2:54am
Dear all,

I'm so happy last week was a good trading day.
I just feel sad that, I can't be online in this forum to share with you all.
I just got time to trade for few minutes or an hour than I logout.

After reading at fundamental side.... I think....the market will be a bit slow for this week. We have to wait until next week Tuesday, after US Interest rate announcement. Than from that.. we will get a good range of trading.
Anywhere... just wait and see... if we have a chance to take a small range 10-20 pips everyday... if u don't mind...still better than nothing..end of the week can get 100 pips.
  • #382
  • Sep 11, 2007 2:57am Sep 11, 2007 2:57am
For now...we can go for short... but just be careful, bcoz long term is still bullish market.

Quoting S-Deuce
Hey Olaha, how's it looking this morning?
  • #383
  • Sep 11, 2007 3:02am Sep 11, 2007 3:02am
From what happening now on the chart... bearish is over... just look at 4hrs and 1 hr pivot... is over... we have to wait for new hr pivot.

Wait and see...



Quoting Olaha
For now...we can go for short... but just be careful, bcoz long term is still bullish market.
  • #384
  • Sep 11, 2007 3:08am Sep 11, 2007 3:08am
Quoting Olaha
From what happening now on the chart... bearish is over... just look at 4hrs and 1 hr pivot... is over... we have to wait for new hr pivot.

Wait and see...
Ya was waiting for new pivots.
  • #385
  • Sep 11, 2007 3:36am Sep 11, 2007 3:36am
Price tested hourly R1, but then news release and hit pivot, if price hits R1 again would you enter olaha - since it retraced due to news announcement?
  • #386
  • Edited 3:39am Sep 11, 2007 3:39am | Edited 3:39am
Nevermind, price too close to pivot now?

Edit: Price just hit pivot.
  • #387
  • Sep 11, 2007 3:42am Sep 11, 2007 3:42am
yes... everytime... just be aware of this news release.
now...just wait for the price test the pivot again...
  • #388
  • Sep 11, 2007 3:46am Sep 11, 2007 3:46am
yes ,olaha
i got a bad one yestoday,it was like justnow.
  • #389
  • Sep 11, 2007 3:47am Sep 11, 2007 3:47am
Olaha, with Oanda, is there a way to have the candlesticks be based off of bid price? (I know there is a button that will draw a line and show what the bid price is.) But I want the candlesticks themselves to be based off bid price and not off of the average price.
  • #390
  • Sep 11, 2007 3:56am Sep 11, 2007 3:56am
yes 10 pip
long at 2.0274
  • #391
  • Sep 11, 2007 4:17am Sep 11, 2007 4:17am
Yes.. Oanda has a button to change the ask/average/bid price on candle.
This is very useful.

Quoting S-Deuce
Olaha, with Oanda, is there a way to have the candlesticks be based off of bid price? (I know there is a button that will draw a line and show what the bid price is.) But I want the candlesticks themselves to be based off bid price and not off of the average price.
  • #392
  • Sep 11, 2007 4:19am Sep 11, 2007 4:19am
Good... but why 10 pips only... the price still can go higher... but now..is finish..up to 303 only


Quoting leo221
yes 10 pip
long at 2.0274
  • #393
  • Sep 11, 2007 4:23am Sep 11, 2007 4:23am
hi olaha
i just confuse about the daily trend.
like today ,open price below the pp,so we went bullish ,but it look like a countertrade.now it move above pp,so we change mind.
you said the open price in you stragety, it mean the price rightnow,it is 5 am est now.am i right?
thx
  • #394
  • Sep 11, 2007 4:27am Sep 11, 2007 4:27am
next 4h pp
184-208-247 (271)310-334-373
around
  • #395
  • Sep 11, 2007 4:50am Sep 11, 2007 4:50am
hi olaha
i just sent a message to you .please check
thx
  • #396
  • Sep 11, 2007 5:14am Sep 11, 2007 5:14am
We have to use daily pivot to know the major direction.
For daily pivot, show bearish
The price move below PP.
During 6 GMT, the price below pivot for 4hr/1hr (Bearish)
After 8-10 GMT, the price above pivot for 4hr/1r (Bullish)


Quoting leo221
hi olaha
i just confuse about the daily trend.
like today ,open price below the pp,so we went bullish ,but it look like a countertrade.now it move above pp,so we change mind.
you said the open price in you stragety, it mean the price rightnow,it is 5 am est now.am i right?
thx
  • #397
  • Sep 11, 2007 5:16am Sep 11, 2007 5:16am
How do u get this pivot


Quoting leo221
next 4h pp
184-208-247 (271)310-334-373
around
  • #398
  • Sep 11, 2007 5:22am Sep 11, 2007 5:22am
Anywhere.. very close to that figure...
Try make use of this system from Action Forex.

Quoting Olaha
How do u get this pivot
Attached Image
  • #399
  • Sep 11, 2007 5:32am Sep 11, 2007 5:32am
thx olaha.
now i see.
the pp i always calculate by myself first,then i know 1 hour early.http://www.actionforex.com/resources..._200603205708/
  • #400
  • Sep 11, 2007 5:56am Sep 11, 2007 5:56am
I reply already... pls check


Quoting leo221
hi olaha
i just sent a message to you .please check
thx
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