Well I must confess I did put my TP a little in front of the R1, but it still shows that it hit R1 on my chart. Maybe the difference is in the broker?Pipsurfer wrote:Hm -- where's R1 on AUDCAD for you, Chris? I'm using the template on page 1, and my R1 is at 1.0611. PA went as high as 1.0602, then turned around, thus not hitting R1 for me. Still in that trade because no exit signal yet... I wonder if my pivots are somehow displaying at a different level from everybody else's.Two entries on the audcad went all the way to R1 where I took profit.
I would put your TP in front of any R1 or S1, because that could very easily be a reversing point for any pair. 1.0600 is round number too.