I am looking for pivot points in trends, formed during pullbacks, and prices that were a pause in an advance or decline previously. Usually a price can be found that on a few occassions was a s/r number or both at points in time and is a good spot to add or reverse. They are usually points where price stopped and retraced before advancing again..ie same as pivots really. As a side note you may take my trading here as a rarity based on my trading today. I am full of ugly today, and I did the worst thing possible I walked away frustrated instead of sticking to it, and missed the money moves I was looking for. I think I have it back together and am going to go back to it. Anyway I also look for trend from a larger time frame than I am trading and keep that in mind also. Thats a real brief idea anyway.
and took s at 111^28 out 5 at ^23 and flat now as I type at 28. I'll figure it out in a bit. Having broker problems with new broker.
Net= 752.45. Pretty good, bad missed even better. Now I need to get on track with my regular trading. Need to get new broker on track also.
elsewhere today for a trade with the Eurex trading the bonds starting today. Not sure what effect it will have on the good ole bond, but will wait to see.