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 26th @ 1.0917 with an exit at pivot point high of 1.0946. New entry points is if, price hits the yellow moving average (on a pull-back) and as u can see, it did. And every time there's a pull-back u re-enter with an exit at a pivot point high (for long trades). U can close-out all positions or half and let it run with a stop-loss at entry +spread.
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 26th @ 1.0917 with an exit at pivot point high of 1.0946. New entry points is if, price hits the yellow moving average (on a pull-back) and as u can see, it did. And every time there's a pull-back u re-enter with an exit at a pivot point high (for long trades). U can close-out all positions or half and let it run with a stop-loss at entry +spread.
