In this Journal I would like to show my Trades in EUR/USD. Timeframe is 1H. Looking to the Monthly, Weekly and Daily Pivots. Time is GMT 22:00.
Strategy
Two Pivot Points are touched from a candle (Pinbar, BEOB, BUOB, DBLHC, DBHLC), that is taller than the average of the last 10 bars, so relevant. Open of the next bar ist the entry. SL at the other side of the price action bar.
Exit: 1:1 half of the position, 1:2 SL at 1:1, 1:3 exit of the rest
Trades will not occur so often.
Strategy
Two Pivot Points are touched from a candle (Pinbar, BEOB, BUOB, DBLHC, DBHLC), that is taller than the average of the last 10 bars, so relevant. Open of the next bar ist the entry. SL at the other side of the price action bar.
Exit: 1:1 half of the position, 1:2 SL at 1:1, 1:3 exit of the rest
Trades will not occur so often.