Quote:
Originally Posted by 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?
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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