Trading Forex Pivot Points Strategy

This system uses a 15 min, 30min and 1 hour. This is applicable to all currency pairs.

Forex Indicators:

• Pivot Points levels
• Fibonacci Support and Resistance

SCENARIOS:

The price is below the Pivot but above S1.

• Buy above the pivot, (if price reaches above pivot)
• Sell below S1(if the prcies goes below S1).

The price is above Pivot but below R1.

• Buy above R1 (if the price reaches above R1).
• Sell below Pivot(if the price goes below Pivot).

The price is very near to pivot (+/- 0.02%)

• Buy above R1 (if the price reaches above R1).
• Sell below S1(if the price reaches below S1).

The price is between R1 and R2.

• Buy above R2 (if the price reaches above R2).
• Sell below Pivot(if the price reaches below Pivot). Take note, do not sell below R1. You must sell below Pivot.

The price is between S1 and S2.

• Buy above Pivot (if the price reaches above Pivot).
• Sell below S2(if the price reaches below S2). Take note, do not buy above S1, buy only above pivot.

The price is between S2 and S3.

• Same rule applies as rule 5. Buy above pivot sell below S3.

The price is between R2 and R3.

• Same rule applies as rule 4. Buy above R3 sell below Pivot.

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