2 Potential Pivot Trades For Next Week - 13-Aug-16

2 Potential Pivot Trades For Next Week – 13-Aug-16

On Friday (yesterday) in the Live Workshop I walked through the daily process I use when looking for Pivots Strategy Set & Forget trades.

During that live session we identified 5 potential trades for Friday and another half a dozen or so we would be interested in next week.

The main focus, as I explained, is to identify additional key areas of Support and Resistance such as significant Highs/Lows and Big Round Numbers within our S2/S3 and R2/R3 trading zones.

Pro Members can of course watch the complete walk-through and the rest of the video course here – Note, it is over an hour long because I spend significant time on each of the 50 instruments on my Watch list and why I like/don’t like the set-ups. Eventually, after a week or so, it will take you less than 5 minutes to do it yourself. That means it will take you less than 2 weeks to learn how to apply a proven Set & Forget strategy (with additional discretion) in less than 5 minutes a day.

For the benefit of all I thought it was worth sharing this “double whammy” from the walk-through. Occasionally, these do pop up, opportunities where it is clear that the Long and Short Pivots trades are both worth placing Set & Forget market orders for.

2 Potential Pivot Trades For Next Week - 13-Aug-16 EURNZD Chart 2

EURNZD Short Trade

Key Levels within our R2/R3 trading zone…

  • 1.5717, our R2 level, our entry point and first potential level of Resistance
  • 1.5800, a Big Round Number
  • 1.5830, a level which has provided both Support and Resistance in the last couple of months

So, 3 key levels there providing additional strength to this Short trade.

Also, as I mentioned in the live workshop – With our Stop at 1.5895 (the S3 level) it may well be worth, on this occasion, increasing the Stop to 1.5930 (35 PIPs) and our Entry to 1.5752 (35 PIPs), keep the Target the same. This does mean we are less likely to be triggered into this trade, if R2 on it’s own holds. But, if we do, we have an additional Big Round Number 1.5900, that’s 2 of them – Meaning even more strength for this Short trade.

EURNZD Long Trade

Key Levels within our S2/S3 trading zone…

  • 1.5110, a 12 month low
  • 1.5100, a Big Round Number
  • 1.5091, our S2 level, our entry point
  • 1.5000, another Big Round Number

So, 4 key levels there providing additional strength to this Long trade.

As I also mentioned in the live workshop – The first 2 levels of additional strength here are above our Entry level but both are within 19 PIPs of our S2 Entry Level (1.5091). In this case, if you want to move the Entry up 19 PIPs to the first level, you can do so or just leave it where it is. For me, the 12 month low being breached by 19 PIPs to hit my S2 Entry level or the Big Round number by 9 PIPs is no clear breach and may well still hold. I would, in this case, just trade this “as is”.

I hope this is helpful to all and clearly demonstrates how we can improve the odds – Of this strategy which is proven to be profitable even without this discretion.

More importantly I hope Pro Members gain much from the detailed walkthrough which, once again, you can access (as well as the rest of the video course) here.

I intend to do another walkthrough on the Set & Forget approach in the next week or two. I also intend to focus on “real-time” aspects you can add to the strategy, for those who are at their screens – This includes how we can combine the strategy with the PAST indicator.

All comments welcome.

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Hope it helps.

All comments welcome.


This update is based on my analysis on my charting package. It may differ to yours as it can be affected by time, market movements, charting packages and broker prices. I accept no liability for loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on any information in this report or analysis.