pivot points

[holy]

I demoed using the pivot points and is really effective. I think a no-brainer can also profit from using it. I had about 85% success with it. What i do is watch price action when the price is reaching the line to see if it breaks the line then i enter long or short. You would have to spend about 2-5mins placing the lines everyday though. This is also a good method. I trade the g/j and i target pips based on ADR range. I divide the ADR by 4, that is my target for the day. I will let price continue moving if the price action tells me that it is strong. I avoid news period though. This is to play safe because nobody wants anything to happen when you are trading the line. This pivot points works on all pairs.


Important* : You need to check the line to see what happen to the price previously when the price hits this line. If there is alot of candles stack together in a range, do not trade that line. If there is a bounce away previously from that line, it is a good line, but price action is still important.