The pivots show extremes Resistance R1, R2, R3, R4 and R5, Support S1, S2, S3, S4, and S5.
This morning we were at R4 almost R5, and I closed the trade at S4. This style of trading means at most trading once or twice a day. High probability, high profit trading.
All the rest of the noise in the middle is designed to cause people to overtrade. If you find you are overtrading try using a 30" or 60 " chart.
I'm waiting for at least R4 to sell again.
This morning we were at R4 almost R5, and I closed the trade at S4. This style of trading means at most trading once or twice a day. High probability, high profit trading.
All the rest of the noise in the middle is designed to cause people to overtrade. If you find you are overtrading try using a 30" or 60 " chart.
I'm waiting for at least R4 to sell again.
Please check out Kauai Dave Pivot Traders on youtube. www.youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ