Hi All;
I m relatively a new trader, however, I got experience with most trading indicators and systems but I haven't build my own system yet. I newly have investigated the issue of Pivot Points and I found it very useful and profitable, however, I got confused to the rules taking place in such system. For example a rule stating that one BUY at support and SELL at resistance is fine but it can be violated some considerable times. The question is what other filters one can use along with Pivot Points?
In Peter Bain's book he states the above rule at the end of the book however, he started the book with some trades going along with the violation of the pivot levels and I felt confused a little!!
Could we share our whole experience with those trading pivots?
Thanks;
I m relatively a new trader, however, I got experience with most trading indicators and systems but I haven't build my own system yet. I newly have investigated the issue of Pivot Points and I found it very useful and profitable, however, I got confused to the rules taking place in such system. For example a rule stating that one BUY at support and SELL at resistance is fine but it can be violated some considerable times. The question is what other filters one can use along with Pivot Points?
In Peter Bain's book he states the above rule at the end of the book however, he started the book with some trades going along with the violation of the pivot levels and I felt confused a little!!
Could we share our whole experience with those trading pivots?
Thanks;