Since i am getting so many questions about the pivots and what is a valid trade i will post some examples of VALID trades
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DislikedYES! Fib S1 held on M15 and H1 so from that point it will prob go to Pivot,M3,Fib R1 or maybe Fib R2 and so on...but like i said uss a 1:1-1:4+ TP but DO NOT BE GREEDY! lol Greed kills your account not a systemIgnored
DislikedInteresting,
you know the markets well and have good intuition on price movement.
Strange, when I sent you that pic you said that it was a possible sell but it did go threw the piv level so must likely I should be looking for a buy signal instead.
So, my last pic here.
The first line is an obvious buy. What about the second? just a continuation of the first trade or is it an entry?
I hope my questions are valid.Ignored
DislikedI said it was a possible sell only because there was a nice movement down to the Fib S1...But as you seen i also said it was more then likey going to head higher because the S1 held on M15 & H1. That would be a valid retracement M15 enter from the buy on H1Ignored
DislikedBUT i am not trying to get people to enter RETRACEMENTS! what i am trying to show and teach is how when a PIVOT FAILS it is a LOW risk HIGH reward setup....and to TRADE WITH THE TREND of a HIGHER TFIgnored
DislikedAwesome, I actualy got the buy on the re-entry.
Up 27 pips right now.
I wanted to talk about this trade that you marked in your pic. All of the entrys make sense but this one....
How would you enter this trade? it did break the fib piv point. You entered late on this trade. Why and how did you decide to enter?Ignored
DislikedGot it.
Why not?
Do you not enter at these points or are you telling others entering on a retracement is risky?Ignored
DislikedHi Dredding... great system, thanks for sharing!
Just a quick note..... The pivot indicator you are using is showing main Fib Pivot points but with Mid lines of normal Pivots.
You can get even more good sugnals if you use Mid Lines of Fib pivotsIgnored
DislikedYour pivot line is wrong...my platform shows it at .9572 it failed 2 times and the risk was so small 13 pips and the TP was alot bigger 32-43 pips...you cant see a trade and think about it....just pull the trigger! if you dont then you will kick yourself when you would have make 100 pips or whateva.....DONT TRADE WITH EMOTIONS TRADE WHAT YOU SEE!! TRUST YOUR INDICATORS!!
NEVER TRUST YOUR WIFE THOUGH!! LMAOIgnored
DislikedWhat do you think I should do about my brokers fib levels? should I even worry about if mine are a little different?Ignored
DislikedOk.
Awesome!
I think this was an important conversation here.
The piv points are way different then I thought... At least with this system. You explaining this makes sense. I know that others think the same way about piv points which is unfortunate.
Really? Should I not believe what I've learned about FPP?
I'm not really sure who to trust. I guess when it comes to this system I should trust you! Lol.
Looking at the charts with the new understanding of piv points makes a HUGE difference on the system!
I will contenue to use it.Ignored
DislikedEnough said. Not a shred of proof that you've been profitable for the last 3 years. I've seen very similar systems (complete with rapid-fire posting from somoene who "doesn't have time" to verify their claims) for over 5 years on forums. I just browse these threads occasionally out of morbid curiosity. I do fine by my trading systems and don't need a subjective, non-verified "easy pips" approach.
I'm just hoping to give newbies a fair warning and some food for thought...Big claims and cherry-picked examples prove nothing.
Bye.Ignored