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Trading is a profession where dare not give up in the face of adversity. You must go into the trading day expecting to have losses. It's not the most optimistic outlook, right? Trading in today's markets isn't like trading in the steadily upward trending markets in the days before the advent of a PC that could let you see charts. In the days when markets trended as opposed to swinging, just abou...
I have never been a pivot point trader per se. Pivot Points are those price levels that are most likely to act as levels of so-called support and resistance on any given trading day. As we already know, anything that most people use is liable to work. This is the only reason that theories like Fibonacci trading or Elliott waves appear to be more than just theory. For the same reason, the most in...