Trading the Pivots
When I first started out trading it was with Pivot Points.
Since then I have learned a number of different methods/techniques, read 20 books on trading, and devised my own method trading the e-mini's.
But I find that I can always pull-up a chart, put some Pivot Points on them and find good trades that would have worked out.
This is a journal devoted to using Pivots. Basic, Woodie's, Camarilla .. you name'em, you can find'em here.
I'll be making live calls using the basic Pivot Points on the ES e-mini indicie, using a trading system that I developed on the way to putting together my current methodology (which is not Pivot Point based).
The formula for Pivots Points is free and can be found on the web. All the indicators I'm using are free and information on them can be found on the web also (of course you'll need a good data feed and charting service to actually trade the mini's).
I put together my customized method with about $10 more of information, if you would like a copy of the setup and explanation(s), just PM me and I'll forward it to you.
This journal is for discussion/making calls using Pivots (any variation) only. If I'm willing to give a system away, obviously, I have found something which gives me a better edge (whatever that might be ...) for my active trading.
But this is for free, and since I believe that everything is an iterative process (the more you do it well, the better you get at it) the idea is that you will become independent and profitable traders yourselves, developing your method(s) as your skill level develops.
For Monday, 8/14/06.
Market Trend: Down
1st Resistance: 1278
Median Pivot: 1272
1st Support: 1266
Current Trend: Up
I'll be back Monday morning making calls and observations during the day.
Hello Jimmy, all the best! U going to have stops and profit targets, averaging down, scaling? Or is it going to be decided upon market conditions at the time?
Cheers from UK
Good luck with the calls JJ!
Great success to you in this and all other ventures in trading....
Current trend up? How do you calculate this?
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