Pivot points + pa structure trading

Hi Guys, I decided to create this thread because I am trading pivots right now and I want stay with this strategy which is simple and want improve my trading.

All u need is:

PIVOT POINTS INDICATOR
PA KNOWLEDGE

TRADE SIGNAL: ENGULFING CANDLESTICK PATTERN
RRR: LOOKING ALWAYS FOR 1-2, 1-3, OR TARGET PIVOT POINTS S/R
TIMEFRAME: 5M

I had some bad trades on DOLAR pairs at the morning, but I will post here winner now. Today I am done cause USD holiday.

Looking forward to tommorow. I am trading usually at morning 9-12 LONDON SESSION.

I too am trying to stick to the pivots. Will be watching.
Are you sticking to those 5 pairs ?

GL!

yo man, I am really confused about it cause sometimes they works sometimes no and if pivots are close each other .. it give me mantinels to entry trade in my head ... I will go back to classic S/R zones after Breakout ... cause only this method worked for me

It works 50% of the time.

My post is directed at the entire thread.
I don't post as much,but i just saw your thread i felt like chiming in.
As i write this guy inside me is saying ,why bother but i will write it here to,express what i feel.
First off let me tell you about myself,i am fiercely independent(i don't share my problems so i figure out solutions myself,even if they work or not i try it),i only learn't about 10 percent of what i use from trading forums so i have limited number of posts,i never bugged the guys with red diamonds they were guys with 10 plus vouches back then,anyways i learn't it all on my own,taking 5-6 sabbaticals in between,i burn't real cash to learn this sh--t,saw the price countless hours,learn't its behavior,built my system.
I still trip sometimes.
So what i am saying is it is a great start,but if you wanna succeed you will eventually have to leave the forums,return with knowledge every now and then,and share and learn some more,there are trading forums for my native place there are guys there after 6 years they are still system hopping and asking noobish questions,i gauged them in front of me from time,it was pathetic thing to do,to compare but it only showed me that i was evolving and learning while they were still the same,i learn't what they were doing wrong,they were always on the forums asking questions.
The questions that didn't really matter.
Everything works only somewhat in trading,rest is about combining the mixture of skills learn't over the years with the underlying method.
I don't know where you are at in stages of becoming a trader,but i will say this anyway maybe you are going through this right now, or have been through this already,i too started along the same track looking for something that worked all the time,something sureshot,like a plug and play kind of thing.
looking to improve my system every step of the way,so i won't get a loosing trade,going through fear of loosing a trade and hence not taking a trade because of that fear(you can't loose if you don't trade right).
The point of my post is,simplicity works,but this pivot points you are using with price action of which i have an experience of to some extent(i learn't them from a good trader i merged them with my main method),won't alone accommodate for all the trading conditions you will face while trading,that being said i am going to congratulate you,you have found a good method of trading stick to it and you will soon become a good trader.
Pivot points don't work in ranging markets,you need to use your head to figure out a few work arounds this tiny little problem,among with many you will face in years to come as you develop your skills in trading.
My advise to you post your observations and methods of trading these pivot points,in the mean time read a few price action threads around here.
post your trades and experiences here and develop this system,i can give you my word in the end this method along with few tricks you learn will become 50 percent of your trading plan(remaining 50 is you).
Reason why i am ranting is related to story i was telling underlined above,the moral of which is in trading we don't just trade one method we trade a combination and we shift those combinations as market changes,but all in all main method,Pivot point trading S/R trading etc remain the same.
Nothing is 100 percent.
Few months forward you will be setting targets as per one method combined with your main method.
And few years in you will be on auto drive choosing trades based on market condition and your main method combined.
Hope this thread marks a great start for your learning .
God bless you.

I have to agree with 666Doom that they only work sometimes. I used to combine them with Bollinger bands and stay out if the bands were flat but when trending you could catch some good moves.

I caught this down move on Feb 12, a perfect entry with a sell limit at the daily pivot (magenta) which was also the middle Bollinger. Generally you want to exit at the S1 or R1 but if it has some momentum I let it go to the S2 or R2.

I trade the 1 hour and give it a 30 pip stop. You do OK as long as you stay out of ranging markets.

Takes some practise to get the feel.

Good luck with it.

OK, I will try combine them with TREND LINE CHANNEL if I WILL SEE SOMEONE ... and I will give info about how it works. channels give me good information about main trend in channel so i will try use it with it ... and points as a targets ! ... today i must to work again ... and in friday i come from work and must sleep so i wil start at wednesday cause i will have free to friday

Thursday - morning
my entry was at top of channel a set a tight stop and targeted S1 and it went nicely to my target .. so somehow this is the way I should go ? .. btw I like trenlines .. I will try specialize to this strategy and hopefully I will become great trader...