Olaha, you only trade the GBP/USD? How many trades a day do you average with this method?

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The 8:56 GMT candlestick hit a low of 1.9827 - would you consider that testing the S1? (1.9825) or does it have to hit the 1.9825 to "test" it, right now it is retracing back to PP

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Range is 37 pips. So if you do enter do you take your profit at R2 then again at R3 or do you still take it at 20 pips? Then 17pips for the 2nd profit?

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Morning Olaha, and traders. Olaha, I'm starting to understand it a lot more, thank you so much for taking the time yesterday to answer all my questions . My question now becomes, say we enter at R1, then the PP updates, what do we do then? a) ...

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Okay, now since we are watching the 15m Time Frame. The Stoch is 5,3,3 and the EMA is 5? When you trade off the Hourly Pivot do you use 15m TF? When you trade off the 4 Hour Pivot do you use 15m TF or 60m TF?

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**Sorry if I'm asking too many questions, but it seems you have been extremely successful and I just want to pick your brain as much as possible =p** Okay, so you ALWAYS let it test R1 or S1, then wait for a retracement back to Pivot level. If it ...

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Well if it alreayd hit 1.9868 then why didn't you enter? Do you wait for the candle to close above 1.9868 with the body of the candle, and not just the wick?

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How'd you make an order on R1? the 4 Hour R1 hasn't been hit yet. Most recent High is 1.9866

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Yea, thats what I was looking at. But what about right now.. GBP/USD - 1.9844 Thats way above hourly R1, so how do we enter or what do we do?

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Don't understand, because for exit strategy you said use 4 hour R1,R2,R3? (for bullish) Quote from 1st post: Exit Strategy; For buy - use 4 hours PP level (R1,R2,R3) for exit level, For sell - use 4 hours PP level (S1,S2,S3) for exit level.

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What do you mean? there is no R1 - 1.9817, and how do you take profit at 1.9853 - thats not a number on the PP chart?? EDIT: **Nevermind PP Charts just updated, can't remember old one**

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Another thing - When you are talking about scaling and taking profits every 20 pips.... Say the range from R1 to R3 is 40 pips. Lets use R1 = 1.9800 R2 = 1.9820 R3 = 1.9840. Do you: a) buy 2 lots when you enter the market at 1.9800? Then close 1 lot ...

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Okay. So suppose you start at 6:45 EST (15m candle - open 1.9817) Daily PP - 1.9847 4h PP - 1.9814 Hourly PP - 1.9797 Would you conisder this bearish since its below the Daily Pivot? Or would you just not trade this until the Price was either below ...

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Okay. Olaha, I'm going to make another post after this one with an "example" using the gbp/usd. Going to go do it now, so you can see it and tell me if I'm doing it right or not.

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When you say the price above the PP level for bullsih or below the PP level for bearish -- What price are you talking about? the CURRENT price of the market at whatever time you are looking at it? Or the price that the candlestick opens at? That's ...

Pivot Point with Money Management Strategy