Is very easy system to follow actually.
If the price above the pivot- bullish,
If the price below the pivot - bearish,
The entry strategy is;
For buy:
Let the price test the R1 first for buy, after the price retrace, make sure the price retrace above the Pivot. If the price back to R1, than we enter buy.
For sell:
Let the price test the S1 first for sell, after the price retrace, make sure the price retrace below the Pivot. If the price back to S1, than we enter sell.
The daily, 4 hrs, hourly pivot is very important.
Normally.. I will use the hourly and 4 hr pivot for short-term entry.
To get a major direction- use daily pivot.
The range from R1-3 and S1-3, must be on big range.
Is around 30 - 100. If this happen... we can start plan,
how much lots you want to enter.
Don't worry... soon latter...you will know how to use this system.
Good Luck!
If the price above the pivot- bullish,
If the price below the pivot - bearish,
The entry strategy is;
For buy:
Let the price test the R1 first for buy, after the price retrace, make sure the price retrace above the Pivot. If the price back to R1, than we enter buy.
For sell:
Let the price test the S1 first for sell, after the price retrace, make sure the price retrace below the Pivot. If the price back to S1, than we enter sell.
The daily, 4 hrs, hourly pivot is very important.
Normally.. I will use the hourly and 4 hr pivot for short-term entry.
To get a major direction- use daily pivot.
The range from R1-3 and S1-3, must be on big range.
Is around 30 - 100. If this happen... we can start plan,
how much lots you want to enter.
Don't worry... soon latter...you will know how to use this system.
Good Luck!
DislikedHello Olaha,
thanks for explaining your strategy.
I have a question about when to enter
"If the price above the PP level Daily, 4 hrs, hourly, we can enter at R1 hourly PP."
I understand, that the price must be greater than the 3 pp levels and in this case I go long.
Is that correct ?Ignored