The final quarter of the year is upon us. That’s why I checked some charts. We usually look for positions on lower timeframes, but it is good to know what the bigger picture is and what the potential S/R levels are. EUR/USD The 2020 yearly S1 worked well as support, then we had a quick […]
Some interesting Pivot Points charts from July 2021, and we look at what worked best. This is also a learning opportunity for people who are just learning how to invest with Pivot Points. These posts are meant to show that not only daily Pivot Points but also weekly and monthly Pivot Points can be very […]
The situation on gold and other metals is very interesting, so let’s look at what happened here. Gold was in a sideways movement around the yearly pivot line: There was also a monthly pivot line at around 1812, which had been acting as strong resistance since early July. Today it finally managed to break higher: […]
Leverage trading is one of the main reasons why traders trade forex. Leverage allows you to open much larger positions even with a small capital.
I often write about yearly pivot points. It seems that especially now when we observe strong movements it is worth watching them. The most recent example: SP500 futures. SP500 rebounded last week from yearly resistance at R1: Pretty cool, huh? Does that mean we are in for a downtrend? It is never guaranteed. Pivot Points […]
If you read my blog for some time you know that I like to check yearly Pivot Points. And now we have very interesting situation on EUR/USD. Notice that EUR/USD tried to break through the yearly R3 in late 2020. Without success. It also failed in early 2021, and then started a strong move down. […]
Pivot Points can be very helpful when you want to catch the end of a move. I will demonstrate this with an example of my recent gold trade. Catching bounces – is it worth it These are set-ups with an excellent risk to reward ratio. It’s easy to open positions with possible 1:5 or higher […]
It’s been a tumultuous week for silver and gold. Many hoped that the silver squeeze movement would lift silver prices above the recent high. It was supposed to be the beginning of an all time high move. However, this did not happen. What went wrong? How did the Pivot Points behave? Paper silver prices are […]
The most crucial element in building a trading strategy is backtesting. It is with the help of backtesting that you can: check if your strategy works modify it check the potential for new ideas. The small downside of backtesting – it takes time, especially if you want to test strategy on more instruments. In this […]
In this guide, I show you how you can use Pivot Points in reversal trading strategy. Before we go any further, two comments. Reversal trading is not for beginner traders. It requires very good risk management, because you open the transaction in the opposite direction of main trend. This is just one of many strategies […]
