John called this dead on today and while there is no one size fits all system, this one works when things line up like they did today. We would like to see comments, questions or discussion as we work together to bring good risk/reward trade ideas.
PIVOT POINTS: Trading System
GVI Forex john 10:47 GMT 10/17/2014 - My Profile
Entry: Target: Stop:
Here are some initial parameters on which to focus today:
EURUSD LOD 1.2781 is its pivot point (1.2782).
I would be looking for stops to be building at that level.
R1 1.2859 (1.2837 HOD) is intact.
Trading Ideas? Perhap take a short on the short side of EURUSD with a close stop. if 1.2782 gets approached again?
GVI Forex Jay Meisler 13:59:04 GMT - 10/17/2014
Good alert by John. Notice the break of the daily pivot (1.2782) in this 5 minute chart
GVI Forex13:49:43 GMT - 10/17/2014
EURUSD Entry: Target: Stop:
There was thar spike through the pivot point that we flagged earlier in this thread. That was a trade with a nice risk/reward pay-off.
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