Pivot points can be used as entry points for new trades or as a close signal for the existing ones.
There are different types of pivot points with a different mathematical formula or simply using previous highs and lows.
HOW TO TRADE PIVOT POINTS
The following scenarios work with the Traditional Pivot Points
For the Camarilla version normally R and S are...
Hello traders!
Today we will talk about stocks, specifically Nikkei and why USDJPY can see higher prices.
Well, as you may already know, in EW theory after a three-wave corrective decline, the trend should remain to the upside. This is what we see in the stock market all the time. However, Nikkei got our attention, because we can see a nice five-wave rally after...
There is NEVER a SURE 100% trade. And I'm not giving you one. Let's be clear about that. But as you can see on my chart, I'm sure enough about what is about to happen to the Nikkei that I am already SHORT on it TWICE OVER. And if prices do go the way I am projecting and they do pull back up and cover those HUGE gaps that were left behind, I'll be looking to sell...
