Let's not forget that we should also be aware of price in relation to the pivot points. As GCT has pointed out, trades that are triggered when price moves away from the pivot are often the higher probability trades. Idealy what we want is "all ducks in a row" before we pull the trigger on the trade.
As with any method, when you first start to use it please do your own due diligence by practicing and doing a little forward testing. Prove to yourself that you can be profitable with this method before going live. A well rounded strategy that takes into account stop loss placement, take profit targets and money management will hopefully help to assure your survival in Forex for a long time to come. May the pips be with you.
As with any method, when you first start to use it please do your own due diligence by practicing and doing a little forward testing. Prove to yourself that you can be profitable with this method before going live. A well rounded strategy that takes into account stop loss placement, take profit targets and money management will hopefully help to assure your survival in Forex for a long time to come. May the pips be with you.
Stay calm, be brave, wait for the signs - Jasper Friendly Bear