Trading An Edge...

DAX - LONG

Off D-OPEN

EDIT: Closed 66% +40
EDIT: Closed remainder +22



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Hi Max, why I see different levels?

email [email protected] and we will go through your levels and settings

DAX - LONG

above H1-PP and D-mR1

EDIT: Closed +3
Had hoped to see a 2nd test of the D-Hi there. Maybe influenced by Dow being at 62% and D-R1
May re-enter if H1-PP holds up



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10 years is a long time for trading and your experience must have been a lot by now. It is good that you are excited to share it with others.

Thanks , 10 years on here but many many more trading

Dow - Short

below D-OPEN and D-Hi

EDIT Closed +12

there is not enough momentum to trade safely. I am out for the day

Hi.

Is there a hierachy in terms of the Pivots?

Are there some you always look to for example and others are only used if there's added confluence

Thanks

Me too, not a single trade all day, a first for me

morning peeps

looking forward to some momentum today

DAX - LONG

above H1-PP and D-S1
will go BE early as it pre-market


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Indeed, after two days of drizzle
Morning

Dax Short From just above D-S1
SL to BE +50
EDIT: Out +63

nice - I was on school run

DAX - LONG

Off D-Lo D-mS2

EDIT: Closed 50% D-S1 +23
EDIT: Closed remainder +11



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That was pre school run for me, back now

Well firstly, it is relevant to the style of trading you are doing, if you are a long term trader you would consider the higher timeframe levels more relevant.
In regards to intraday trading, then I would say: Daily first, PP R1 S1 Hi Lo OPEN, followed by the S2+ R2+ and then I would equal weight Weekly, Monthly.
I have also been using the H1 over the last couple of weeks to see how effective they are, and again PP S1 R1 are proving interesting.

Clusters of levels often prove stronger.

But in all cases you need to remember the key concept of Pivots, they are derived from the previous trading period, so daily from yesterday etc. and represent an expected trading range for the current period. So S1-PP-R1 is the primary zone and the further price moves out to S2 S3 etc then the more likelihood a reversal may occur - but that assumes a balanced starting point - if markets are violent you may get a scenario where price opens at R3 for example in which case, although the levels still work the primary zone is less important.

morning.
here was my first entry below S1 with double top .

DAX - LONG

off H1-PP D-Lo

EDIT: Now retesting the D-S1 area SL moved to +20
EDIT: Closed 50% at D-mS1 +57
EDIT: Closed remainder +28



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