Lesson 8: Pivots
Pivots are very effective in this market.
Even if you don’t want to use them as a principle system please put them on your charts.
Dail pivots are highly effective if you trade any of the majors.
Check out today’s chart of the e/u.
It should really be self explanatory.
A trade I really like is when price blows through the main pivot point, retraces back to the pivot and continues on it’s journey.
It did so today – to the PIP.
This happens a lot and the hit ratio is very high.
Pivots are very effective in this market.
Even if you don’t want to use them as a principle system please put them on your charts.
Dail pivots are highly effective if you trade any of the majors.
Check out today’s chart of the e/u.
It should really be self explanatory.
A trade I really like is when price blows through the main pivot point, retraces back to the pivot and continues on it’s journey.
It did so today – to the PIP.
This happens a lot and the hit ratio is very high.