Took a long on the CADJPY about 3am or so British time, lost, still in EURCAD, looking like a nice trade, EURAUD looking short, lok for shorts off the weekly pivot and red candle. NZDUSD could very likely go short off the monthly pivot and it fits ...

4hr Heiken Ashi Strategy with Pivot Points

Did you go long?

4hr Heiken Ashi Strategy with Pivot Points

Oh yes, I'm looking at EURAUD, for a short, I'll see where we're at tomorrow, You can see all the trading on the myfxbook log.

4hr Heiken Ashi Strategy with Pivot Points

Yes, that's the idea, off of WR 2, and there is also divergence with the TDI, Monthly pivot just below though, but hold on to it and if it breaks through the monthly pivot could be a good trade. Monthly pivots will of course change tomorrow, so also ...

4hr Heiken Ashi Strategy with Pivot Points

Just load the indi's from the first page.

4hr Heiken Ashi Strategy with Pivot Points

The weekend

4hr Heiken Ashi Strategy with Pivot Points

You could have take some profit @ 33 PIPS, then leave the rest of the trade on. I've just take 1/3 or so of my EURUSD, so whatever happens I will have made a profit, even it goes back to my initial Stop Loss.

4hr Heiken Ashi Strategy with Pivot Points

Oh, yes, that's the setup, the colour change is the entry.

4hr Heiken Ashi Strategy with Pivot Points

Pushing the boundaries with the 1HR, your bringing back more variables into the equation, with the 4HR you can generally ignore the News announcements and the short term daily swings, but if you can deal with it, great stuff, I can't.

4hr Heiken Ashi Strategy with Pivot Points

No, I wasn't at my desk, but yes, no confluence with a monthly pivot, but there is divergence, and also what we see towards the end of the week is the market giving back gains/losses. Looks like a countertrend trade on the 4hr, but if you switch to ...

4hr Heiken Ashi Strategy with Pivot Points

I take the view, that if it's too late, i.e. the market has moved too far after the change of colour to make the trade a potentially good one, then I'll pass, another opportunity will come along where there is a change of colour and the market ...

4hr Heiken Ashi Strategy with Pivot Points

Yes. It's bounced off weekly S2, and we have the monthly pivot just above, good confluence.

4hr Heiken Ashi Strategy with Pivot Points

I try and trade from one monthly to the next, when you have a monthly and a weekly in the same area we have confluence so a strong S/R, it also depends on the gap, sometimes you have a big gap on the weekly if you have strong trends, then trade off ...

4hr Heiken Ashi Strategy with Pivot Points

I'm taking a long on this.

4hr Heiken Ashi Strategy with Pivot Points

Yes, another possibility, but again look at the Daily chart, does it make sense on the Daily chart? Also remember the way I've been trading this, is I don't spend much time on it, and it's Thursday, so I'm extra conservative, Tuesday's are best, but ...

4hr Heiken Ashi Strategy with Pivot Points

I was looking at exactly the same thing, both weekly and monthly pivot points confluence, good targets, but if you switch to the Daily chart, we have a higher low, and the potential for that range to head up to the 88 area at Monthly Resistance 1. ...

4hr Heiken Ashi Strategy with Pivot Points

Closed GBPAUD, gone from Monthly Resistance 1 to 3. turned out to be a very good trade.

4hr Heiken Ashi Strategy with Pivot Points

You can of course do that and you will probably get more opportunities, when I have more time I will spend more time looking for opportunities, but I've developed it so you don't have to, and will spending more time make you enter more loosing ...

4hr Heiken Ashi Strategy with Pivot Points

Done.

4hr Heiken Ashi Strategy with Pivot Points

Aim to trade from one pivot to another, look for trades where you get at least a 3:1 R/R, enter when the candle changes colour.

4hr Heiken Ashi Strategy with Pivot Points