Pivot Point Trading
I've been looking to share something simple and straight forward and haven't forgotten what I stated some time back about sharing a trade technique that others could follow. And finally, here it is, a pivot point trade method that's simple and straight forward for any person to follow and trade.
Green verticle bars are long trades showing one's entry point with one's exit being a pivot point high. U can close-out all positions at the pivot point high or half the position and let the rest run with a stop-loss at entry +spread.
Red verticle bars are short trades and do exactly as stated above but the opposite.
As shown in this chart, your entry is Oct 31st @ 1.2213 with an exit at pivot point high of 1.2271 and if u close-out half with a stop at entry +spread, you are then still in this trade with over 200 pips.
Green verticle bars are long trades showing one's entry point with one's exit being a pivot point high. U can close-out all positions at the pivot point high or half the position and let the rest run with a stop-loss at entry +spread.
Red verticle bars are short trades and do exactly as stated above but the opposite.
As shown in this chart, your entry is Oct 31st @ 1.2213 with an exit at pivot point high of 1.2271 and if u close-out half with a stop at entry +spread, you are then still in this trade with over 200 pips.
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