My strategy
Hi
I use a strategy in trading like few I guess. I use
ZERO indicators. But I am addicted to Pivot Point
levels.
What I do is to calculate a set of 9 Pivot Level.
I draw trendlines. I look for potential reversal
points by drawing my fib tool between last A &
B wave.
The pivot point that match a 61.8% fib retrace
I know that is where the bounce will hit. That
is my method in finding what pivot to trade for
the next reversal.
Thanks,
Daniel
P.s Another hint. Anyone who trade any lagging
system (MA's etc...) Use the crossing but always
enter around closest Pivot level below for BUY
and above for SELL. Set stop at 10-15 PIP's below
/above pivot level.
It's a killer strategy. Try it! I make killer entry
exit that way. Exit on next pivot level minus
5 pip's..... is better to grab 20 PIP's 10 times
then try grab 200 PIP's never....
They who say Pivot Point does not work. Do
not know what they are talking about nor how
to use Pivot levels. Period.
Since it's accurate almost every time on the PIP
I can have two bad trades and one good to break
even.
It become quite long post, but I think it was worth it.
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