is Pivot trading is one of the obvious questions. First of all Pivot
trading is what I have called this book for reasons to do with the
method explained inside it and nothing to do with what traders
normally consider pivot trading to be.
can search the internet for Pivot trading and get a load of different
results and most relate to pivots in price worked from an averaged price
range producing support and resistance S1, S2, R1 and R2 pivot
price levels that may or may not become future support and resistance, while
my method in this book that I call Pivot trading has nothing to do with
have written this book with the intention of creating a trading method so
easy that anyone can follow, even a child could follow and I believe I
have succeeded in doing that.
You do not need any special software of any kind, only a simple bar chart that can be obtained on the internet from practically any broker of spread betting company for free if you have an account with them.
do not need any indicators of any kind as it is all done with
your eyes and a calculator. There are no “maybe”,
“possible” or “what if” brain confusing assumptions, just
a totally pure mechanical trading method that works.
This Pivot trading method produces on average one to two trades each and every week for a 24 hour market, so this is mainly intended for the Forex market and as shown in the book on average this year the GBP/USD alone has had a 70% plus success rate.
beauty of this method is that the potential profit on any trade will be equal
to any potential loss on the same trade, so you will always know how much
you can make or loose in advance with every trade placed.
trades are placed using end-of-day data, so you can place your trades
with your broker at the end of the trading day with pre-defined entry,
profit and stop
targets, and then you can walk away and get on with enjoying your life while
the trades take care of themselves.
No method can be 100% perfect which is why there is always a pre-defined stop in place for every trade, so any potential loss trade is automatically closed with the minimum loss to your account.
special edition Pivot Trading book has been manufactured in high
quality A4 full colour format with 60+ large clear
full colour charts and a number of other pictures and diagrams making it
very clear and easy to read and understand.
I can not see there being any simpler or easier trading method available today that is pure mechanical and has no reliance on indicators or other systems of any kind.
Copyright Ó 1997-2013 - Financial Matrix Ltd. All rights reserved