I think I misinterpreted your question. I was under the impression that you were talking about the S/L after the initial S/L. The original one should be 100 pips for this AUD/JPY instance. Suppose tomorrow moves 200 pips(*fingers crossed* ). The ...

RSI Daily Pivot Point System v2.0

Yes, I mean less. Sorry for the confusion there. As far as your entries go, that sounds good to me. I don't use supports and resistances very much, so whatever works for you is fine with me! And your next day started already?! Where are you from??

RSI Daily Pivot Point System v2.0

You use the low of the pivot candle OR 100 pips, Whichever is LOWER. More than 100 pips is toooo much to lose in my book. I can't see weekly on OANDA I don't know where this thing is headed.. but hopefully it's down because I don't want to lose ...

RSI Daily Pivot Point System v2.0

I wouldn't be so sure of an uptrend. In my opinion it could go either way. As you can see it has been at the 1.2470 level for about 2 weeks, which indicates some major resistance after that impressive up trend. It appears that buyers and sellers ...

RSI Daily Pivot Point System v2.0

Lots of posts! = LONG RESPONSE Michael, You make a great point. I'm surprised I overlooked this when Piece of the Pie told me about it. Well, Piece of the Pie, you are in a sticky situation, but it might just turn out OK. I'm still clinging to ...

RSI Daily Pivot Point System v2.0

What Randy said! Thanks for being so helpful Randy! Well then... This week is stopping me out left and right. Not sure if it's one of those "crazy" weeks or a lot of pairs are reversing. Looks as though our USD/CHF trade isn't doing so ...

RSI Daily Pivot Point System v2.0

Ok guys, I am placing a sell ORDER for AUD/JPY @ 95.12 Short AUD/JPY Date/Time: January 24, 2007 Time: Undetermined Price: 95.12 S/L: 96.12 Reason: On January 23rd, a high pivot will potentially form. The high of this day is ~96.43 and the low is ...

RSI Daily Pivot Point System v2.0

Good job guys! I'm going to have to do another long one here, to acknowledge everyone, and also something CRAZY has happened to AUD/JPY in the past 2 hours or so! Good luck Randy! And that's awesome that the BB confirmed your trades! ...

RSI Daily Pivot Point System v2.0

Yen, You always ask great questions! I unfortunately don't have specific details on the backtesting results for the other 3 pairs like I do for GBP/USD. I also have no idea how many trades would be PER week. This would be a vague number average, ...

RSI Daily Pivot Point System v2.0

I don't know about the MOST volatile, but certainly volatile. Pairs like GBP/JPY are a little too volatile for me. Although, Raphael who has been PMing me his results, has made 259 pips off of GBP/JPY using my system. I asked him to keep sending me ...

RSI Daily Pivot Point System v2.0

Hey guys, You are all having some great discussions! I will try to include my opinion on everyone's post(This will be a long one ) Yes, I have.. I will be online on the days I do not work more than likely. I will also try to be online ...

RSI Daily Pivot Point System v2.0

Randy, You do not have to sell AT the magic number! I would wait until this afternoon, and hop on the bandwagon! Better late than never, Kevin

RSI Daily Pivot Point System v2.0

The waking up to huge gains is rather fun... You also wake up to losses(USD/CHF ) And the Parabolic Sar Indicator is a lagger. When I backtested it(I've tried just about every standard indicator), by the time it tells you to enter, you've ...

RSI Daily Pivot Point System v2.0

Yes, I did make this trade. HOWEVER, I started forward testing this system on Jan 1st and I hadn't established that I wanted to wait til the close of each day. Another factor here was that my Jan 2nd and Jan 3rd days have the same high (in Oanda) so ...

RSI Daily Pivot Point System v2.0

Hey Dave, You would have sold at 1.9474, and you would have been stopped out on 1/8 @ ~1.9437 for ~37 pips.

RSI Daily Pivot Point System v2.0

Ehhh... well the important thing is we all see the high pivot there! And we would all be losers had we taken that trade short!

RSI Daily Pivot Point System v2.0

Hey Dave, What broker do you use? That's pretty crazy that our lows are 46 pips off from each other. Do you still see a high pivot on 1/9? Also, I wrote this earlier, but it describes how I entered the trade on the 15th:

RSI Daily Pivot Point System v2.0

There you have it! Thanks matsu What may be a loss for you might not be for me, but I'm sure it works both ways. If you want an example of a loser for me: GBP/USD Jan 9th a high pivot forms with a high of 1.9458 and a low of 1.9340. Thus our magic ...

RSI Daily Pivot Point System v2.0

Hey WodWave, What's your RSI set at(Open, Close, Median, etc.)? I ask this because using Oanda, the RSI does not confirm that trade on July 25th. It dips to about 53.38, and I believe Oanda uses close. Now, in regards to losing, EVERY SYSTEM LOSES. ...

RSI Daily Pivot Point System v2.0

I believe the problem here is a confusion between correlation and causation: Eggs cost $2 Tiki Huts cost $100 Eggs go up to $4 Tiki Huts go down to $70 Tiki Huts price caused Eggs price to go up? Not in my opinion. Just looks like a ...

Cad/Jpy ready to fall?