Wait for news

Pivot Point with Money Management Strategy

80% winners 20% losers. I can't say 100% perfect. This rule, very rare I get lost because my rule is every 15 to 20 pips move, I move my SL to b/e or +3. If you don't follow the rule, yes.. you will get a lot of reverse your position.

Pivot Point with Money Management Strategy

Yes... that's the way we look for the trend. We look for buy market only today. Unless the price break the PP level on Daily and 4 hours. This way is save. We have to see the price above or below all 3 PP go to same direction. Yes...you are a good ...

Pivot Point with Money Management Strategy

Buy/sell?

Pivot Point with Money Management Strategy

We can't trade anything by now. Even during the news release, the price doesn't move much. Just about 40 pips only. From now...the price will be neutral/sideway. I will came back during NY session.

Pivot Point with Money Management Strategy

Remember this 4 news important. 4.30am EST. This news can move around 50 pips or more. The direction is follow according +/- figure.

Pivot Point with Money Management Strategy

hebsh, You should know how much is your max risk first. If you know how much than you plan how much to buy. Check the ratio also. Check out here; url

Pivot Point with Money Management Strategy

My advice you better take mini lot; 1 lot = 100/200 units so, 3 lots is 300/600 units

Pivot Point with Money Management Strategy

It is 67 pips range, we can take 3 lots. Remember!

Pivot Point with Money Management Strategy

New PP — New PP for 6 to 7 GMT;

Pivot Point with Money Management Strategy

Now... You all can see very clear.. on the retracement? Remember...Good student...Must follow the rule!

Pivot Point with Money Management Strategy

Amendment on Stochastic — Ammendment

Pivot Point with Money Management Strategy

I am sorry... I forgot to inform you all about the Stochastic has different setting for different time frame. For 1 hour chart - use Stochastic 14,3,3 For 15 minutes chart - use Stochastic 5,3,3

Pivot Point with Money Management Strategy

Bullish still stronger. May be we can go to 2.0635 (R3 Daily PP). Now is the time for retracement. I will wait for London Open. I will use the new PP at 7GMT.

Pivot Point with Money Management Strategy

Yes.. is going to retrace now. I can see 1 one show retracement, if you see from 30 minutes a bit clear. Try to see from a few time frame. I use fibocacci also sometimes to find out how much retracement can go. Fibonacci is good also. Is a leading ...

Pivot Point with Money Management Strategy

I believe some of you manage to take 100 pips for GBP. Is a good move. I don't take during Asian Session. I take during London n NY session only. If I want to trade Asian Session, I will trade USD/JPY.

Pivot Point with Money Management Strategy

If I am not mistaken, your's Pivot Points provide in the system. I have that also with Oanda platform but I don't use it because is different reading and confuse me a lot. So I stop using it and just remain using from Action Forex Pivot Point. This ...

Pivot Point with Money Management Strategy

I like to use few time frame to find out the retracement. I use 1 hour and 15 minutes. The 1 hour can show a the the end of trend. Normally I look for the stochastic to reach 90 level and cross. That is the sign of retracement. Than I look for short ...

Pivot Point with Money Management Strategy

Yes! Good Luck! I don't want to take anymore. I will take tomorrow.

Pivot Point with Money Management Strategy

I have to go. See you all tomorrow.

Pivot Point with Money Management Strategy