DislikedBuy back at 1.2768 (sell price 1.2766) for +40 profit. Im off out now
Todays results:
1st lot: +10, +10, +10 = +30
2nd lot: +10, 0, +40 = +50
Total +80 for 1 hours work woop woopIgnored
1M & 5M Scalping System (Scalping Paradise) 21 replies
Shakesfx GBP/ JPY Parabolic SAR. Nothing more, nothing less 115 replies
GDP/USD scalping inspired by ShakesFx 13 replies
ShakesFX's Method 19 replies
DislikedBuy back at 1.2768 (sell price 1.2766) for +40 profit. Im off out now
Todays results:
1st lot: +10, +10, +10 = +30
2nd lot: +10, 0, +40 = +50
Total +80 for 1 hours work woop woopIgnored
DislikedAwesome trading, Pete! I've had a great day too. I made 107 pips in about an hour and a half. I was using Jesse Livermore style pivotal points (not pivot point) on the 1-min and 5/10-sec charts. I finally exited around the same price as you when it bounced off the daily pivot point (not pivotal, this time, hehe). I think I'm starting to get the hang of this!Ignored
DislikedExcellent M!
So you agree with the Livermore quote in my sig?
Between this thread and Shakes' thread there is a lot to follow and learn. Really nice to have them both going strong!Ignored
DislikedAwesome trading, Pete! I've had a great day too. I made 107 pips in about an hour and a half. I was using Jesse Livermore style pivotal points (not pivot point) on the 1-min and 5/10-sec charts. I finally exited around the same price as you when it bounced off the daily pivot point (not pivotal, this time, hehe). I think I'm starting to get the hang of this!Ignored
DislikedHi math,
Good to see you having some success with pivotal points... how far back are you looking to identify pivotal points on your charts ? When price returns to one of these points, when do you look to enter ... breakout, breakout and then pullback or any other way ?Ignored
DislikedBasically it depends on the 1-min chart. I just look for obvious pivotal points that can be seen on the 1-min chart. Sometimes it's 15-min back, sometimes it's an hour and a half or more. Sometimes you might even need to check a longer timeframe chart because the 1-min chart is moving into what looks like new territory from its limited history.
By the way, I use bar charts, not line charts. Maybe I'll switch to line, but not yet.
For the purposes of the following descriptions, let's assume price has been trending down, then pulled back up part...Ignored
DislikedWould someone be kind enough to post a chart showing a pivotal point in action please. Many thanks.Ignored
DislikedHere you go. For more information about it, go to Shakes' thread and find a post by the user "seba." He gave a link to a website about Jesse Livermore and his "pivotal points."
EDIT: Here's the link: http://www.jesse-livermore.com/price-patterns.htmlIgnored
DislikedHere you go. For more information about it, go to Shakes' thread and find a post by the user "seba." He gave a link to a website about Jesse Livermore and his "pivotal points."
EDIT: Here's the link: http://www.jesse-livermore.com/price-patterns.htmlIgnored