Trading with pivot points ....? - Traders Hideout | futures io social day trading
futures io futures trading


Trading with pivot points ....?
Updated: Views / Replies:1,389 / 6
Created: by sharpshoota Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Trading with pivot points ....?

  #1 (permalink)
Trading for Fun
Bodoe , Norway
 
Futures Experience: Intermediate
Platform: Fxcm tradestation II
Favorite Futures: Forex
 
sharpshoota's Avatar
 
Posts: 142 since Jun 2014
Thanks: 843 given, 117 received

Trading with pivot points ....?

Good day

I have been looking a bit towards pivot points and observed that some days they do work as support and resistance, but some days they mean nothing for price action. A bit hard yet to figure out wich days they should be disregarded.

Do anyone else here use pivot points in their trading? ....and how do you find them usefull ?

Reply With Quote
The following 2 users say Thank You to sharpshoota for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Advanced
Platform: TradeStation, Think or Swim, NinjaTrader
Broker/Data: DTN
Favorite Futures: options and stocks
 
elixir's Avatar
 
Posts: 22 since Feb 2012
Thanks: 9 given, 11 received



sharpshoota View Post
Good day

I have been looking a bit towards pivot points and observed that some days they do work as support and resistance, but some days they mean nothing for price action. A bit hard yet to figure out wich days they should be disregarded.

Do anyone else here use pivot points in their trading? ....and how do you find them usefull ?

Choose Industry Sponsored Tab

See the Aug 14 webinar by Tim Morge, Pivoting for better perspective. https://www.interactivebrokers.com/en/?f=%2Fen%2Fgeneral%2Feducation%2FpriorWebinars.php

Reply With Quote
The following user says Thank You to elixir for this post:
 
  #4 (permalink)
Elite Member
Houston, Texas, United States
 
Futures Experience: Beginner
Platform: TradeStation
Favorite Futures: Futures
 
Posts: 25 since Jun 2013
Thanks: 10 given, 4 received

Nothing works all the time. I trade futures with pivots and set stop loss below for risk management. More often then not I get stopped out. But when I do not the profits far offset the times I get stopped out. You can be right 10% of the time and wrong 90% of the time and still be profitable. Key is risk management and getting out of the trade when it didn't work out.

Reply With Quote
The following 2 users say Thank You to haonkered for this post:
 
  #5 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Advanced
Platform: TradeStation, Think or Swim, NinjaTrader
Broker/Data: DTN
Favorite Futures: options and stocks
 
elixir's Avatar
 
Posts: 22 since Feb 2012
Thanks: 9 given, 11 received

improper stop placement will result in getting stopped out. consider placing stops around support or resistance areas coupled with ATR to help estimate those ranges. The result is a structured stop instead of a arbitrary cash stop based on your view of the market, rather structured stops will be in better alignment with the market, which is never wrong. my $.02

Reply With Quote
The following 2 users say Thank You to elixir for this post:
 
  #6 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,238 since Jun 2009
Thanks: 29,350 given, 83,214 received


sharpshoota View Post
Good day

I have been looking a bit towards pivot points and observed that some days they do work as support and resistance, but some days they mean nothing for price action. A bit hard yet to figure out wich days they should be disregarded.

Do anyone else here use pivot points in their trading? ....and how do you find them usefull ?

Read this very, very carefully:

https://futures.io/traders-hideout/7364-random-line-theory.html

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 3 users say Thank You to Big Mike for this post:
 
  #7 (permalink)
Trading for Fun
Bodoe , Norway
 
Futures Experience: Intermediate
Platform: Fxcm tradestation II
Favorite Futures: Forex
 
sharpshoota's Avatar
 
Posts: 142 since Jun 2014
Thanks: 843 given, 117 received


Big Mike View Post

Thank you Mike

The thread was very interesting.

Reply With Quote

Reply



futures io > > > Trading with pivot points ....?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Pivot points - Multicharts georgex MultiCharts 9 July 14th, 2014 09:55 PM
Populate an Array with Pivot Points JHall65 MultiCharts 3 August 26th, 2013 11:22 PM
Plot PIVOT POINTS as horizontal lines for trading sessions in MultiCharts virginiatrader The Elite Circle 7 June 22nd, 2013 04:28 PM
Pivot points FKtrader Platforms and Indicators 5 May 17th, 2013 07:42 PM
Swing/Pivot Points trs3042 Traders Hideout 3 November 28th, 2010 10:58 PM


All times are GMT -4. The time now is 05:56 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-11 in 0.13 seconds with 20 queries on phoenix via your IP 54.82.79.109