Yes, the 60 min did the bull flag / bear trap and immediately crucified any seller with a spike - no surprise

Pivot Trading

In the two charts I've kindly provided I have shared some highly valuable information. Feel free to use or discard as you see fit.

Pivot Trading

Why the big interest in the gap? Who gives a damn about it anyway..I think you are missing my point

Pivot Trading

The Gap is not actually covered by the candle's spike afterwards..the spike hit the low of the previous days' candle but the gap between the close of that candle and the high of the spike is still open. That said, the gap is merely a point of ...

Pivot Trading

Here is the GAP on the daily chart with the broker I use...

Pivot Trading

Perhaps this chart of the EUR/USD may serve of some use. Yes, there is a target at 1.1678 BUT right now this pair is in breakout..into year end and trust me on this please...Fading end of year breakouts can be a brutal exercise for even the most ...

Pivot Trading

There is a clear 120 pips target on a EUR/USD short from the current level but its not getting my money on it just yet..No clear sell signal (for me) and these end of year 'breakout' moves can be brutal for reversal and retrace trading. It will ...

EURUSD only

I'd like to offer some input which I hope may be of use. Firstly I'll state that I do not trade this method but have my own where I trade reversions / reversals after an extended move. The entries I take very often line up with Pivot levels. This ...

Pivot Trading

So now about 100 pips lower than when I called the short last night and some profits booked and stop trailed in. Perhaps the best way for traders to master this methodology is to post entries live (as I do). if traders are using the same weekly ...

Pivot Trading

Doesn’t really matter what a consistently profitable trader uses...so long as the trader is consistent and profitable in understanding how they use, what they use; the end justifies the means. So, the GBP/AUD...for me an area to start building back ...

Pivot Trading

..and enjoying the profits

Pivot Trading

Interest rate rise is long overdue...and I’m a UK resident...fortunately with a property that’s paid for. I’d be suprised if they did it now rather than Q1 but if they do I’ll merely build into further GBP shorts against the AUD and enjoy greater ...

Pivot Trading

Putting up interest rates in the UK 2 months before Xmas would be a bold move..

Pivot Trading

The thing is...you are obviously a very competent scalper so why change what works? Like you I shorted US30 yesterday and scalped a little out and am holding for a larger swing. As I type, price has retraced to my initial entry level. If if I were a ...

My way to highway

I don't personally trade the Pivots with TDI - although I'm quite sure Davit and I often find ourselves in similar trades as we'll go counter trend for a reversion play. Like Davit my my method took some time to refine - and it was really the money ...

Pivot Trading

When trading a reversion or reversal type strategy its not so much the indicator or any indicator which determines the success of the strategy...It is more to do with what levels you enter at, the money management applied to the entries and where ...

Pivot Trading

So true...Once a trader has nailed a strategy and seeks to pursue a money managers role or capital backing just see how a drawdown over 10% is viewed if you are looking for serious backing (not kindly).

My way to highway

In today's low interest environment there are plenty of investors from all walks of life seeking 'stable Alpha returns' In the UK the housing market may well have peaked for a few years (who knows), returns from bank and saving accounts are nil to ...

My way to highway

That is possibly one of the best graphs in terms of consistency I've seen with a 'yellow' line that doesn't drift far far from the 'red' line....Kind of like a 5/8 moving average crossover in a strong trending market...

My way to highway

I guess what could be really interesting to explore is what happens when you have nailed your trading strategy but are under capitalised to truly fulfil your ambitions? Lets take an example where a trader has spent years learning their way of ...

My way to highway