dryanhawley

Relaxed trading, the Pivots

Education
CME_MINI_DL:ES1!   S&P 500 E-mini Futures
The pivots show extremes Resistance R1, R2, R3, R4 and R5, Support S1, S2, S3, S4, and S5.
This morning we were at R4 almost R5, and I closed the trade at S4. This style of trading means at most trading once or twice a day. High probability, high profit trading.

All the rest of the noise in the middle is designed to cause people to overtrade. If you find you are overtrading try using a 30" or 60 " chart.

I'm waiting for at least R4 to sell again.

Please check out Kauai Dave Pivot Traders on youtube. www.youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.