Buy orders one tick higher than the pivot which is the signal Sell orders one tick lower than the pivot which is the signal Retracements in an uptrend to the resisstance pivots are long signals Retracements in a downtrend to the support pivots are short signals PP can be traded always If two pivots of different time frames are at the same price it can always be traded as support and ressistance Without logic is different
NS, one word, and that is, go with the flow - you were handed a perfect short opportunity and you diddled and daddled, which, no matter what you say, is bad trading. I am just noting what I see in your video - and your charts have way too much crap on them. If you are scalping, then you should be using the dome (ladder or booktrader) with volume by price to confirm support and resistance levels - as we say in Paddy Land, you are "fluting around". Just trying to help, you can tell me to fuk off if you like, doesn't really bother me! I do not mean to be rude, but, you don't know what you are doing - you are wasting your time, believe me, I know, as I used to trade like that before!!!!! J_S
I agree J_Smith...and when I backtested pivot points, I saw no value for them as entry signals. Plus, he has two different signals running concurrently....the pivot point breakout and then the retracement signal. Without a detailed journal, how does he know which one is working and which is not ?
NS is looking at the wrong things - what jumps out in the last video, which is the one I watched, is trying to pick reversal points, which is fine, once you have several things lining up - the law of supply and demand always works, not some mathematical calculations based on academic gobshites Price will "always" be doing 1 of 3 things - if one does not know what they are, well, enough said J_S
Continue .. Flatten .. Reverse .. But to Flatten is magnitude dependent. For some a 4Pts range is plenty, for others it's boring .. Trade the Open & remove Flatten. Trade the right side & decrease Reverse.
To me one of the most important considerations when playing the break-out game: 1) go with it 2) fade it The best traders have a keen sense on which one is best for current conditions.
C.F.R U.D.S BO.C.BD A.D.RA D.A.RD Take your pick, and add a few more if you like, for, they all mean the same thing... A.B.C = 1.2.3 J_S
Usually, it is difficult to scalp for a few ticks profitably if you are a retail trader. You generally need exceptionally low commissions and an excellent data feed and platform that doesn't lag. Would you be so kind as to tell me your platform and data feed provider and round trip commission per contract? Looking forward to your results. Good luck.