GBPUSD, H1 projectionin what looks like a dicey setup, we still expect price to drop further.
line Y may be retested. and as such, one must be careful on when to take position in order not to risk too much.
Marketprice
SPX500 intraday tradeHello traders and analysts,
Here is a quick trade currently in play.
What is price showing us?
A discount from the high has been offered by the market - with the 0.705 Fibonacci respected.
It is important here to not - the price has broken from the rejection to fill more orders from this hourly offering candle.
Using the 4 hour - price has had a nice clean move - and now is tailing off into a consolidation after yesterday move.
If price breaks 3420 - sell liquidity is now activated further offering a low resistance trade.
Our entry:
We are long - entry of 3423 - however chart will read 3427 as Oanda is slightly out as price did not reach the zone the broker has.
Quick psychology:
Good luck, when happy - cut the trade to let the remainder run.
If in drawdown - cut losses if pips fall and panic sets in. This should not happen as using correct risk/reward allows the correct trading plan to win or lose.
We hope this mini breakdown helps.
Best of luck,
Team Lupa.
EURUSD 15M PIVOT POINT DAY TRADING STRATEGYSetup chart with -
Volume,
Pivot standard,
Sessions on chart.
Step #1: Trade only at the London open or the 8:00 AM GMT.
Note* We’re going to use the 15-minutes time frame and trade based off of the daily pivot points.
Step #2: Buy at the market if after the first 15-Minutes we’re trading above the Central Pivot Point.
Important Note * If after the first 15-minutes into the London session we’re too close to the first support level we better skip this trade opportunity because the profit margin has tightened.
Step #3: Hide your Protective Stop Loss 5-10 pips below the Central Pivot.
Step #4: Take Partial Profit #1 at Support 1; Take Partial Profit #2 at Support 2 or let 2nd TP run.
Step 5 As price hits R2 move SL to PP. As price hits each R level adjust SL to past R level.
Note** the above was an example of a BUY trade using the best pivot point strategy PDF. Use the same rules for a SELL trade – but in reverse.
