That structure was a perfect setup. Stretched af into late 4h period at Wednesday close, tried to push higher and then went straight south. image

Pivot Trading

Power of fib pivots work on all time frames. My preferred setup of late period markups/markdowns work surprisingly well. Been taking advantage of the volatility with indexes. Banked another $1k in little over an hours time. 5m candle on the 4H ...

Pivot Trading

I know some who swear by it. Various Fibonacci sequence ma's. 8, 13, 21, 34, 55, 89, 144, etc

Pivot Trading

Opportunities are everywhere and firm believer in pivots....the yearly down to the hourly. Same rules, buy at support, sell into resistance. Lately been humping the DOW on the 1m Candle with 1H pivots, easiest 1K made in 15 minutes. ...

Pivot Trading

These past few weeks have been surreal for sure. Watching the DO has saved me plenty of times and I feel that it is underutilized by many. For me price has to have firm rejection on the right side of the DO. Under if short, over if long. Looking at ...

Pivot Trading

She came back home the day after Italy shut the door. So now she gets to bug me out of sheer boredom.

Pivot Trading

Tell me about it. Wife works for a major airline that happen to be on a 4day in Rome when Italy pulled the plug. She was on the last flight out and now on mandatory self quarantine. As a result of all this, the airline industry is getting murdered ...

Pivot Trading

Agreed, we live in surreal times for sure.

Pivot Trading

I had been trying to teach my older brother to trade. I set up a simple weekly pivot range based system for him. He remarkably has been doing pretty well. I simply added a smooth HA (minus the wicks) and a Coral trend to show direction change. Also ...

Pivot Trading

There was also some reporting on people selling their gold positions to cover margins when indices plummeted.

Pivot Trading

You’re also a one trick pony, who only buys even when the market has made an obvious switch. And when it does, you decide to go on a drunken binge, ignoring money raining from the sky. Thanks for filling up my account tho. Carpe Diem is exactly the ...

Trading Made Simple

If you're trading USD pairs, keep an eye on indices. In our current condition when DOW falls, dollar rises. image

Pivot Trading

Honestly I have noticed something has changed here recently. I think people have forgotten the order of things. It is PA 1st and foremost, then at key pivot levels secondary. What is price actually doing, not what is expected to do. There’s been too ...

Pivot Trading

Careful, as long as indices keep making fresh lows, that gives strength to the EURO.

Pivot Trading

Yeah if anything maybe scale back trades left open on the weekends. It’s kinda like the running of the bulls. You may have had been fortunate for years but there’s always that chance of getting run over and hurt pretty bad.

Pivot Trading

And DOW futures are halted, he can’t get out even if he tried.

Pivot Trading

In the past I’ve been kicked in the nuts holding over the weekends. I made it a rule to close out everything before the end of Friday. There’s always another setup around the corner.

Pivot Trading

That poser is the most fragile, thin skinned freak on FF. He demands attention with mandatory ego stroking. If you’re unwilling then he mumbles something unintelligible and puts you on ignore. “Second to none” has been proven to be “biggest loser.”

Trading Made Simple

You're the last one to talk poser. That thread of yours is nothing more then one big stroke, for your thin skinned ego. You bought to the bottom incurring a 5+Mill loss then run when challenged over it like a rank amateur. That's why you were so ...

Trading Made Simple

Now you need to make up for the other 5mill you burnt buying all the way down. Apparently losing millions didn’t humble you. “Seize the day” you say? More like the day seized you. You’re the last person here who should be criticizing others after ...

Carpe diem: Intraday tactics for Dax and Dow