Forex Pivot trading Strategy is advanced trading requiring both psychological and technical experience in Forex.
Pivot trading Strategy Trading Rules
Buy Trade
When the chart price reaches a support level 61, 78, 100, check that the following right conditions are higher than the 15 levels and the Abha fx line is near or below the lower line.
If the previous conditions are to enter, wait for TDI; the green line cross the red line upwards.
Place main stop loss below the previous swing low. Profit target(TP) at the next pivot level or with ratio stop loss 1: 1.2.
Sell Trade
When the price reaches a good resistance level 61, 78, 100, check if the following right conditions are higher than the 15 levels and the Abha fx line is near or above the upper line.
If the previous conditions are to enter, wait for TDI; the green line cross the red line downwards.
Place main stop loss above the previous swing high. Profit target at the next pivot level or with ratio stop loss 1: 1.2.
This is a winning trading system.
TIPS FOR TRADING ON THE PIVOT LEVELS
Long Trade
- The price bar touch the pivot point
- The Subsequent price bar fails to make a new low
- The subsequent price bar breaks the high of the previous price bar
Short Trade
- The price bar touch the pivot point
- The Subsequent price bar fails to make a new high
- The subsequent price bar breaks the low of the previous price bar
PRICE ACTION ON KEY LEVELS IS KEY!!! Download Files Below
- Read More : Beginner Forex Moving average strategy
That’s great tips! Thank you so much