POP... POP...POP... — Goes the stop.

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As soon as it touches... — When it hits a level I sell or buy depending on PA. Last night was a good example. It wasn't going above .44 so when it hit R1 I was in with 5 lots. Scaled out after 10 PIPS. m

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Pivots Happened... — Markets aren't linear. Check out the attached chart with daily pivots and monthly pivots attached. It's not usually this accurate... but it's work pretty well. Mike

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You decide... — Here's a pic with daily pivots. Mike

Standard Pivots and Fibonnaci Pivots?

nah... — I still use pivots but I'll sell a top as quickly as I'll buy a bottom. m

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yep... — i'd sell any move north. above .4400 should be protected... but who knows with the shit we've seen this summer. m

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dude... — that's right on the money. the junior traders have been at the helm for most of August. the shit we are seeing is small time. m

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Thanks... — Pivots work very well due to liquidity of the majors. I mean... look where this thing bounced... pips away from the pivot. Look where it hit and pulled back from twice. (R1) Mike

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Thanks man... — How have you been? Bias still long? m

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140 is a killer day — agree - last days of August and the jr bitches are still at the helm. m

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Fire and pray... — I throw money at the market until she agrees with me. I also use pivots and psych levels here and there. The real secret is leverage... very small positions add up over time. m

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LOL — not you... don't you drive an Italian sports car? m

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A few scalps... — Scalping log. One or two today. I took a few hits because I'm impatient. I wanted to play a bounce off the pivot but entered way to soon. Took about 50 PIP hit. That's ok. I made up for it when she got near R1. If you ...

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Yes sir. — I'll scalp what looks good. Like... this shit we are seeing now will rollover at some point. That little bullshit trend line will cave soon. Too much weight. I'm short here. m Sorry... didn't answer the question... yes I do.. I ...

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LOL — Who is keeping this POS afloat? Let's see how long they want to hold these longs? m

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Here it is... — Daily Pivot indi attached. Mike

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Ahhh... — Very keen observation. m

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Cobra... — Mr. C is the author of the THV System. It's one of the most popular systems on this site. Look up the THV System and start reading and learning. Mike

Trading for a Living - Cliff Notes

It's that time of year again... — Nah... not Christmas although I do like all the lights. September is almost here. The big dogs are back at their desks. (Not these junior azz traders of late) They will watch today and begin the official start ...

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Nice... — Very nice. S1 held almost to the pip... and I see you used it to your advantage. m

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