Forex Pivot Point Trading Demo

Demoforexindonesia.blogspot.com Forex Pivot Point Trading Demo
everyone Jeff wild here it is November
28 Saturday afternoon I wanna go over a quick trade on the pound
yen short 30 minute short this is a text book set up that happen
this past November 23rd
Ste and if we look here you'll see the black line which is you know
is turning point now level okay
so the market was climbing up on the 23rd
what happens is that we we get this one candlestick more
which is a inverted hammer
location that's very bearish then we start to get a series seven sidebars
and I love trading of the inside bars because they represent
a consolidation in the market through KK can also
indicate is stalling out of the current directions
in this current direction had been up so anyway
then when I also do is be side looking to kill sticks I wanna see if I have the
virgins
on either the Mac D which is the yellow indicator or the stochastic systems
stochastics were going down
so we're making higher swing highs honey
price chart the two stochastic sister virgin doubts
so we had bearish candle sticks we had
stochastics divergence and then the idea is that you can short
below the lower the inside bars vocation is take this off
when this was one that just had nice fall through
it did this
mutually tration back before it finally went down to the lines so depending on
your money management would have depended
on how much money were pulled out this trade start some people and myself
included
like to trade these from line to line in other words
you getting appear the idea is that one sure in the money somewhat
you at least put your stop to breakeven and then you're gonna ride it
all the way to the next targets kinda like a.m.
all-or-nothing were another variation that I like to use as let's say I am
find myself up 50 pips well I might say rate
I'm gonna lock in 20 pips
and then I'll just let it run to my targets for either of May 20 pips
or in a run to make target not get the bigger trade but it's up to you I can't
tell you how to trade these as far as money management because everybody has
different are
you know goals somebody might be happier grab a quick
2030 pics of my levels and call it a day that's cool
but anyway and just trying to point his trades at show you that they happened
over over again
it's just a matter love training where I to them
also let's take a quick peek at the a 60-minute sure
and once again
same trade market rallied up
notice we had this one candlestick rain here
that's an inverted hammer very bullish
concerned very bearish inside bar over here
and you could trade there no we didn't have
divergence on the indicators okay
you don't always get them but I like to have them
because your icing on the cake but what I do sometimes ist
say I'm on lets looking at the 60-minute and I don't see my divergence I dropped
off faster timeframe like 30 has already demonstrated
you would had your divergence on this to cash checks so that's it
keep studying yes example schedule see this happen over and over again
have a great week - Forex Pivot Point Trading Demo