Long Dax above 4hr PP
SL to BE +55
EDIT: Out +62
SL to BE +55
EDIT: Out +62
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Disliked{quote} This is still a bit of a weak spot for me.....my entries sometimes go against me 10 or 20 but then swing back, but then when they don't you get into the age old problem of letting loosers run!! So.....about 5 years should sort it then Steve eh??Ignored
Disliked{quote} Hi Stu, it took me longer than that to learn to kill losers without hesitation, entries though, have come from many thousands of hours of screen time 'live' with hard earned money on the line, pivots are very good for entries a and take a lot of guesswork out of the a trade, letting losses run is solely on you and building a binary mentality Right = RUN Wrong =Out there's no grey area, at least not for me.Ignored
DislikedHi i am about to purchase Pivot Prof , but can i ask that when price hits a key level, how to we know if it is going to rebound back up or push down further ? so how do we know to take a buy or a sell when price hits the pivot level please? thank you .Ignored
DislikedHi i am about to purchase Pivot Prof , but can i ask that when price hits a key level, how to we know if it is going to rebound back up or push down further ? so how do we know to take a buy or a sell when price hits the pivot level please? thank you .Ignored
Disliked{quote} So that is the million dollar question right, and if we knew the answer for sure then we would have the market completely cracked. Pivot levels provide you with solid information about prices where the market is likely to react, but every trader has their own way of reading the market and use many different forms of trade confirmation from, price action and candlestick patterns to indicators. Personally, I am not a fan of indicators as they too out of date, by the time you wait for a moving average or rsi to confirm your entry price will...Ignored
Disliked{quote} People think they need a library of trading books....... this succinct description says it all EDIT: Though it takes years to arrive at simplicityIgnored
DislikedThe daily high always a level to respect On the Dow it was fought through earlier today, why wouldn't it cause another reaction on the way back... in this case that is a 55 point reaction... {image}Ignored