Setup chart with -
Volume,
Pivot standard,
Sessions on chart.
Step #1: Trade only at the London open or the 8:00 AM GMT.
Note* We’re going to use the 15-minutes time frame and trade based off of the daily pivot points.
Step #2: Buy at the market if after the first 15-Minutes we’re trading above the Central Pivot Point.
Important Note * If after the first 15-minutes into the London session we’re too close to the first support level we better skip this trade opportunity because the profit margin has tightened.
Step #3: Hide your Protective Stop Loss 5-10 pips below the Central Pivot.
Step #4: Take Partial Profit #1 at Support 1; Take Partial Profit #2 at Support 2 or let 2nd TP run.
Step 5 As price hits R2 move SL to PP. As price hits each R level adjust SL to past R level.
Note** the above was an example of a BUY trade using the best pivot point strategy PDF. Use the same rules for a SELL trade – but in reverse.