The chart in prior thread ............So Evident in the the Chart are the entrees and take profit pips covering a trading period of 12 days. This is easy to engage a down trend as your market order sit within the CPR range and for up trend it works the same in reverse.
Simple as it seems most traders fail at this as they always enter when its to late and then panic. There is no point of reference for them to find value and in real time things can move quite quickly. For Pivot traders once we establish that the trend is down then the candles become irrelevant for plotting entries.
If you look closer at the above Chart in prior thread all i did was add market sell order on the chart for for 5 days out of 12. It was that simple, however there are losses there to. However no real loss as not all trades were the same size. Theres a reason for that as we were also trading of the EU against the UJ. Will cover that more later on.
The play by play in a down trend is sell CPR as a Day TRADER
The game play in a up trend is buy CPR as a Day Trader
Now in the below Chart is a up Trend using Larger time Frame pivots
Note the Trend, Market always Gaps up and fade back to value. Therefore when the market moves up and begins to pull back set you market order to the last prior pullback its that simple. Simpler explanation let the market pull above the pivot dont enter unless your guaging extreme commitment by traders. If not just mark your buy order at the next layer (Ie pivot) in a up trend)
Now in line with DOW theory you normally see failer on the 4th or 5 day
Simple as it seems most traders fail at this as they always enter when its to late and then panic. There is no point of reference for them to find value and in real time things can move quite quickly. For Pivot traders once we establish that the trend is down then the candles become irrelevant for plotting entries.
If you look closer at the above Chart in prior thread all i did was add market sell order on the chart for for 5 days out of 12. It was that simple, however there are losses there to. However no real loss as not all trades were the same size. Theres a reason for that as we were also trading of the EU against the UJ. Will cover that more later on.
The play by play in a down trend is sell CPR as a Day TRADER
The game play in a up trend is buy CPR as a Day Trader
Now in the below Chart is a up Trend using Larger time Frame pivots
Note the Trend, Market always Gaps up and fade back to value. Therefore when the market moves up and begins to pull back set you market order to the last prior pullback its that simple. Simpler explanation let the market pull above the pivot dont enter unless your guaging extreme commitment by traders. If not just mark your buy order at the next layer (Ie pivot) in a up trend)
Now in line with DOW theory you normally see failer on the 4th or 5 day