GbpUsd, Delta and Pivot Points - MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community

4xis2ez · #1 (**permalink**) 11-13-09, 05:31 PM

Hi. I trade gbpusd and use Intermediate term Delta and pivot points to trade by. I will begin to post my trade calls here. It has been a long time since I have been here at MoneyTec.

My trade style is to take intraday trades in the direction of the ITD Delta turn points. My primary chart I use for analysis is the 30 minute. My trades generally last from one hour to maybe 10 hours. Usually target about 80 to 100 pips with stops at about 80 or so pips.

I also use pivot points, as I have found these to be very useful as well. The chart posted below is the 30 minute chart with daily pivots and mid points with midnight NY time as the close price for the pivot calculation.

Right now gbpusd is moving to the 6 high due about 11/25 or so. Next week, I will be looking for long trades and will post when the trades happen. Take care.

4xis2ez · #2 (**permalink**) 11-15-09, 11:37 PM

Hi. I just bought at 1.6716. Stop at 1.6660. Limit at 1.6790.

4xis2ez · #3 (**permalink**) 11-16-09, 08:33 AM

Closed trade manually for -7 pips. Price action is not what I expected over night, so will wait and look for next setup.

4xis2ez · #4 (**permalink**) 11-16-09, 06:24 PM

Bought here at 1.6839. Stop 1.6807. Limit 1.6890

4xis2ez · #5 (**permalink**) 11-16-09, 06:33 PM

Price has stalled at Pivot R2 and just started an upmove so I bought. My stop is close so if it doesn't work then its not too bad.

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DailyFX Forum - View Profile: JohnG_FX	This thread	Refback	11-13-09 05:47 PM

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