The Only Pivot - page 51

[et_phonehome_2]

stevenali

Can you please clarify your entries/exits again? I typically see the price bouncing above/below the so-called floating pivot line, how do you know when to stay in or exit the position? Is your entry based upon the next higer timeframe? Also, what are you basing your exits on, is it the RSI crossover of the 50 line?

[dollarsmagic]

bro stevenali..

how much trailing stop u always set for GJ

[dollarsmagic]

hehehhe..sorry u already give the answer before..

[stevenali]

et_phonehome_2:
stevenali Can you please clarify your entries/exits again? I typically see the price bouncing above/below the so-called floating pivot line, how do you know when to stay in or exit the position? Is your entry based upon the next higer timeframe? Also, what are you basing your exits on, is it the RSI crossover of the 50 line?

entry rule...

only look at cross of 2 SMMA and open price line (pivot line) at GMT 00 (i use interbankfx)

3 style of trade

1. cut and reverse

2. using trailing stop

3. hedging with bigger lot

you can use your own strategy to exit... for example

if you have your own personally target 100 pips... when it reached you can close the position. etc

[stevenali]

GJ and EJ is great...

using smaller lots and set bigger pips.... (money managemennt is holy grail)

[Peter Dias]

so you tradeoff 1hour charts ?

[stevenali]

yes...

i trade H1 chart

[firranto07]

stevenali:
GJ and EJ is great... using smaller lots and set bigger pips.... (money managemennt is holy grail)

Yes I Agree..

(setujuuu bosss... ^_^)

[Peter Dias]

What trades today ?

[stevenali]

still GJ and EJ is the best

look at the example,

i'm using hedging with bigger lot because i believe from the morning

that GJ is still going up