LeMercenaire wrote:Leoheart wrote:Skyold wrote:For all interested 'MISSED PIVOTS' traders. (Money printing machine for loafers)
This is the result of today. The first 2 trades of last night I was stopped out The only reason is that I did not assess the SL correctly. SL was just too tight.
This is my last chart with results that I publish.
From now on, all that is left is to elicit this system's subtleties. When is the right time for the entry, where is my SL, ....... ???? etc.
Desktop Screenshot 2019.08.28 - 188.8.131.52.png
I don't understand your last trade on eurnzd (first one the list) Price never touched the PP. So was this just a simple intraday trade from a high toward the direction of the PP?
I always assumed you were just trading in the direction back to the pivot, not that it actually had to get all the way.
Maybe I'm wrong. We'll find out from the official answer!
Yup, I am under the same impression as you Lem. That came out wrong. Unless it’s a set and forget type of trade at the D1 open. You have to take profit somewhere.