Hi Dennis,
Meaning that for what ever reasons there seems to be a bit of a lull in the thread, at the break neck speed it was moving I think it was to be expected, can I just ask a couple of basic if not silly questions, lets suppose that I never carry any open positions over the weekend, which means I look for new trades from Monday onwards, So as the guys have spotted the AUD-USD looks a player, now if I understand correct because it opened above Wkly pivot and I had spotted an entry point I could have entered long, now again if I understand correct meaning that I have based my entry on Wkly pivot my target would be R2 which as now easily been surpassed, so would the logic say bank your profit and move on expecting a retest. Yes I am aware that the Monthly pivot as not reach is R2 yet but just want to get the weekly trade sorted in my head first, before merging it with any other pivots, any comments would be welcome.
Meaning that for what ever reasons there seems to be a bit of a lull in the thread, at the break neck speed it was moving I think it was to be expected, can I just ask a couple of basic if not silly questions, lets suppose that I never carry any open positions over the weekend, which means I look for new trades from Monday onwards, So as the guys have spotted the AUD-USD looks a player, now if I understand correct because it opened above Wkly pivot and I had spotted an entry point I could have entered long, now again if I understand correct meaning that I have based my entry on Wkly pivot my target would be R2 which as now easily been surpassed, so would the logic say bank your profit and move on expecting a retest. Yes I am aware that the Monthly pivot as not reach is R2 yet but just want to get the weekly trade sorted in my head first, before merging it with any other pivots, any comments would be welcome.