Anna-Maria

FLEXIBILITY: that's the key to everything in this business. If you can't or won't bend & flow with the markets (whichever instrument base you execute from), you're a sitting duck. you can possess the best strat, mm strike, risk model & discipline template out there - but if you're unable to catch the changing trade winds, those edges or advantages will dissipate.

Anything will work some of the time, and if Pivots float your boat, then ensure you're aware of their strengths as well as their limitations (as with every form of t/a). I haven't particularly found them to be of any great benefit across the cash FX instruments. I prefer to use the prev day's close (5pm EST) as the fulcrum for next day's activity & use 2 averages (35 & 50%) of the prev session high-low as my R1-2 & S1-2 levels. An alternative to that would be observing the prev 2 days high-low markers as your S1-2 & R1-2 markers, especially when price has been mired within a choppy range on the mid-frames (1-4hr) Just my view! As ever, do your own diligence & TEST your observations thoroughly!!