wmr1 is the middle line between the weekly pivot and the weekly R1.e-trader wrote:So a quick question. I placed my first pending trade at wmr1, then as price retraces, the line moves when price retraces further, should i be moving the pending order to that new price?
Thanks
The weekly pivots move once a week only at the beginning of the session.
So during the week, the line does not move as price retraces. No need to move the pending order.
Best
Bernard