{quote} agreed. to me itīs just one of the approaches i use among others. i understand why you donīt like it. today, there was no opportunity to use pivots, but as a daytrader, trying to make money each day, i could not resist... maybe i can make some points trading the dow. p.s.: thanks for your input. as i read in another thread, you are also trading for a living - not living for tradingalways happy to see other traders with a working approach. you are more a swing-trader, i guess?
when I started I didn't knew exactly what style I preffered, I started with small TF, but didn't get any good results .. long story short, moved to the daily charts and got consistent results - so yes, I'm looking for bigger moves, but I'm not married to the setups , so if somethings doesn't play out as expected I adjust or get out quickly.. I try to catch 150-300 pips movements, sometimes it's just a daily swing, depends on the setup.. lately I've come to the conclusion that trading shouldn't be my primary source of daily stimulation, when trading daily charts there's a lot of waiting, well at least for me, so I'm prolly going to start some side projects just to get a fell of actually doing something when trading is slow.. life is too short to sit behind the screens everyday
Patience is a virtue...
just take a look at my page, and you will know which broker i use.
