Pivot Point Basics First Entry Part 2
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It works fabulous in Forex, and with nice timing, realistic exit and a realistic stoploss there is nothing to criticize about this oldschool method.
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@MYNEWMOKE I think u r the one who got it wrong. He said if the stock trades above the pivot point then is consider bullish, if it trades below the pivot point then is consider bearish.
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wow... a lot of wrong info in this video.. if the market opens above the pivot its a bearish sentiment. if it opens below the pivot its a bullish sentiment. he had it backwards. listen closely friends...
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does this strategy work for Forex trading ?! Or is it just about stocks ?
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Making lots of money is EASY. Just watch what I do; then, do something else.
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You need to identify your pivot, support and resistance lines more clearly on your charts. It's very difficult to see which is S1, R1, the pivot line...
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Interesting and useful info. Thanks!
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This is the video i like, its actually amazing and there aren't any stupid comments, this is the high quality video that youtube should be made out of.
qefytg 2 years ago 9
The question remains: Did you get in?
The stock could've easily broke that support to the downside and kicked your ass. It's easy to feel like an expert when you explain things that happened in the past.
KillerSDFormula 2 years ago 7