EURUSD: This trade was entered on 12/20/2013 from the 4 hour history pivot chart. This trade was taken in the live trading room with other traders as I explained the use of pivots on the 4 hour history pivot chart. As you all know there are some pivot points that are very powerful and price action will respond to that price area.
Fllow up on live trade in the LTR.
The main pivots I look at is the daily pivot, S2 pivot and R2 pivot. This trade was also looking at the support area of 1.3620 and it was sitting at the S2 pivot with indecision candles so the trade was a good set up on the 1 Hour chart. I looked for the high on the current screen and was looking for my Take Profit at 1.3808 at an R2 pivot area. As this area was hit previous and looked like an area that would be re tested again. This trade took 10 days total to complete and did on Friday the 27th which was a very low volume trading day and end of year situation. In my trade plan I was ready for this crazy price action over the holiday season. This trade took patience and good trade management as I did not move my stop to break even anytime during this trade. This was a great way to end the trading year of 2013 and I am looking for some exciting trading in 2014.