Pivot Points Trading Strategy – An Almost Live Update

Here’s the GBPUSD trades I took today applying the FREE Pivot Points Trading Strategy.

My Long trade triggered late morning and took about an hour to close out for a profit, see chart for details.

Having seen price move above the Pivot in the afternoon  I decided to chance another “bite of the cherry”.  Something I usually do if I am around.

I set my Sell Order as displayed by the Pivots Strategy MT4 Indicator , see chart.

Pivot Trading Strategy - An Almost Lve Update - 26-Jan-16 Chart

So, I am currently Short here targeting R1 (it’s not looking so great as I prepare to post this! But – I will let it run to conclusion).

Note: See how, PIP wise, my Risk:Reward was less than 1:1 on my Long trade and is now greater than 1:1 on my Short trade.  As explained in the eBook, expect these to balance out over the year.  Always remember to adjust your stake based on your % risk.

Hope it’s useful!

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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.