The Only Pivot - Page 51

stevenali · #**501** (**permalink**) 09-10-2007, 01:22 AM

sorry for being late answer your question

i use 87 pips for TS GJ
and 55 pips for ej

if we use cut and reverse.... you will have 500 pips only from gj from

friday-today

et_phonehome_2 · #**502** (**permalink**) 09-10-2007, 01:45 AM

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 · #**503** (**permalink**) 09-10-2007, 02:42 AM

bro stevenali..
how much trailing stop u always set for GJ

dollarsmagic · #**504** (**permalink**) 09-10-2007, 03:12 AM

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

stevenali · #**505** (**permalink**) 09-10-2007, 11:27 AM

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?

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