If I plotted the pivot sup/res numbers on a chart...then waited for price to hit let's say resistance...then sold 1 mini lot with a take profit of 20 pips...but then if price went against me I would sell 2 mini lots 20 pips higher also with a 20 pip take profit(which would also close out my other trade)...I would keep selling double the amount of mini lots every 20 pips higher all with a 20 pip take profit and closing out the remaining trades...
I figure that even in the strongest trending markets that price would at some time have to retrace at least 20 pips...
Please, I welcome all opinions, criticisms, improvements, etc.
I figure that even in the strongest trending markets that price would at some time have to retrace at least 20 pips...
Please, I welcome all opinions, criticisms, improvements, etc.