I will only be trading using the pivot.
The candle has almost touched the resistance three pivot line, based on my experience, whenever the candle as touched the resistance three, it is always a great fall, all things being equal. So now I'll be opening a sell order that will almost reach the surport three pivot point. The surport three on my chart is at 1.2934, my take profit will be @ 1.2950 with lot size of 0.05. Wish me good luck.
---------- Post added 12-04-2012 at 11:28 AM ---------- Previous post was 12-03-2012 at 02:56 PM ----------
There is every possibility that the trend will change before reaching the present support two on my chart so I have decidee to move the take profit to 1.3000 which a little bit below support one.