GBP/USD (using Pivot levels)

Simple rules to follow:

1. Up to 4 Limit order positions daily starting on Sunday or Monday night to Thursday night with TP and SL set each @ 35 pips or as indicated. Also, market order entry upon showing an opportunity.

2. Daily Pivot info. from http://www.mataf.net/ (+5 gmt for gbp/usd) and set Limit orders as early as 10:30 pm up to 12:30 am EST. Taking daily pivots after 12:00 am is preferable but not mandatory.

3. Signals will be shown as L=2.0200/2.0150 S=2.350/2.0400, or may just be one each, or Long or Short only. Results will be posted as L=2.0200W (won) or L (loss) or NT (not trigger) per position. Weekly results will be posted in pips and %, to be calculated as # of days (4 or 5 days) over weekly net gain. Example: 175 / 35 = .20 or 20%.

4. A daily goal of 35 pips a day. All remaining positions will be closed upon achieving the target usually after the market slow down around 12 noon (EST). If it does not achieve the target or did not trigger yet @ noontime, open positions remain (win or loss) until later in the day @ 6pm.

5. It's a "set and forget" strategy so baby sitting is not an option but just be checked out once @ noontime (EST) and be closed later regardless of the outcome.

6. Staying away from trading make sense if there's NO good opportunity to trade. I usually do not trade at the beginning of the week (sunday evening) and no trade if not shown on this blog after 12:30 am EST.

7. A set target of 60% to 80% meaning 3 to 4 out of 5 trades (35 x 3 or 4 = 105 to 140 pips) per week.

Good luck and let always your trading an enjoyable experience. Thank you.