Price Action Strategy Using Pivot Point
TRADING TOOLS
- Pivot Point Indicator
- Candlestick
RULES FOR LONG TRADE
- Price should be higher high & above closed
- Wait for the 5-10-15 min candle to close above the pivot point. while closing above of pivot line remember one thing price should not break yesterday high.
- Enter into the trade after completion of the candle and put stop-loss at the swing low of this candle
RULES FOR SHORT TRADE
- Price should be lower low & below closed
- Wait for the 5-10-15 min candle to close below the pivot point. while closing below of pivot line remember one thing price should not break yesterday Low.
- Enter into the trade after completion of the candle and put stop-loss at the swing high of this candle
Mindblowing Outstanding strategy
ReplyDeleteGreat Effort
ReplyDeleteHatt Off Sir jee
ReplyDeleteCovered just about everything. These are the principles that have made money and kept my accounts from blowing up! Structure and confirming signals, what more could you want? Thanks!
ReplyDeleteNice article. Very educational and an eye opener to struggling trader like me. It got me inspired again. Thank you!
ReplyDeletethanks guys. i would considered this as one of the best article about price action, really love it .
ReplyDeleteRahul, as always, a very clear description of four crucial price action trading principles. Thanks for your time and effort in making trading better for all!
ReplyDeleteGreat article, please we do appreciate what you do here. I'm pretty sure a lot looks forward to what you do here. I've been a fan for the past 3 years and I've learnt a lot from this post more than every other post I've seen on forex. Thanks for your effort and all you do. This is actually my first comment here, lol
ReplyDeleteLove your videos and I like your cool style.. I have been trading unsuccessfully for over twelve years now and I blew up hundreds of accounts. I started by trading the daily charts but did not have a good mentor and good discipline. I moved later later to options and did not work, stocks and did not work, commodities futures, indexes etc... I made a lot of money and I lost a lot of money I have been monitoring the daily charts for a while now an was thinking to start trading them. Your videos are like a light bulb turned on in my life. I cannot thank you enough for being there. I have just signed up for the war room and I would like to learn more from you. My sincere respect Pierre
ReplyDeleteI’m really grateful, I hope it will help me in Forex trading since I'm just starting out. Do you have other tips aside from these I would appreciate it if you have more. And what can you say about free signals like Chhartink? It is interested since they have push notification.
ReplyDeleteHi Rahul. Possibly the best I have seen and I have been trying to trade for many years-unsuccessfully!!! BUT you have inspired me to pursue my dream of being a profitable and hopefully full tie trader!! Love the fact that you are an Aussie!!! Mate--great work!!!!!!
ReplyDeleteOh my God! Very interesting and inspiring. Your articles has put some thirst and love in my heart for price action trading. I love this swing trade approach but my big problem is patience...
ReplyDeleteThank you Bruce Wayne. Keep learning always
ReplyDeleteGreat article, please we do appreciate what you do here. I'm pretty sure a lot looks forward to what you do here. I've been a fan for the past 3 years and I've learnt a lot from this post more than every other post I've seen on forex. Thanks for your effort and all you do. This is actually my first comment here, lol
ReplyDelete"remember one thing price should break yesterday Low" what is the meaning of this line when u enter before breaking yesterday low.
ReplyDeleteWait for the 5-10-15 min candle to close above the pivot point. while closing above of pivot line remember one thing price should not break yesterday high.
DeleteReally appreciate your hard work
ReplyDelete