pivot trading strategy forex

but it is possible to enter blindly at the event area as price comes back to re-test it, that is to say without confirmation from price action. You will also get a link to live online support. You will notice that these event areas are significant most of the time because price will often stall or reverse as it re-tests them. In 2016, Nial won the Million Dollar Trader Competition. Usually within an hour if we're by the computer.

Thus, a break of the pin bar low meant a break of the event area and we can see a significant move followed. Thus, old resistance becomes new support in an uptrend, and in a down trend old support becomes new resistance, also known as swing points. As a DecisionBar trader, help is never more than a phone call or mouse click away. If it is after hours, you can leave a message and we'll get back to you as soon as possible. If youve been trading for any amount of time, you already know, it's not enough to know how to read charts. The following point is huge!

pivot trading strategy forex