Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

asiaforexmentor

Free Daily Price Action Forex Trading Strategies & System

Recommended Posts

How a simple price pivot work wonders in forex trading?!

 

In the pair above: Aud Jpy (Daily chart)

 

The white lines in the chart above are support and resistance levels which we call the price pivot.

 

On 1st Nov, price broke the 81.350 price pivot to move to new heights and stalling at the 82.800 level. Marked as (1).

 

When that happens, and with price entering a new high which it had not done so before.

We mark the 82.8 level as a new resistance zone. But not a price pivot yet.

 

When price tested the 82.8 level for the 2nd time and got rejected. This time we placed a price pivot at the level on seeing that the 82.800 level stood strong on both occasions.

 

On the (3rd) try, price got rejected initially as expected but we mentioned in our group that we will expect price to break the price pivot level which it did.

 

Now that price has broken through the price pivot level on the (3rd) try. We will expect price to come back again at the 82.8 level to back test it.

 

Price indeed came back to the 82.8 level on the (4th) try and got rejected by it to now turn the resistance area into a support area. This is what we call a price pivot.

 

And it comes down once again to the 82.8 level on the (5th) try to get itself rejected again.

 

Now you see the powers of a simple yet effective price pivot.

 

Forex trading need not be complicated, professional forex traders clear the clutter of indicators on their screen so as not to be confused by them.

 

Forex trading is to be Clean and Simple. Just like our chart template we use.

 

So if you ask how do we trade the price pivot like the above?

 

Its simple and there are a few ways to do it.

 

1) Enter right on the touch of the price pivot. You can place a pending order at the price pivot level and wait for it to trigger.

You would have gotten yourself right on 5 occasion in the example mentioned above.

 

2) If you wanted to play safe, we will wait for price action confirmation at the price pivot levels.

Be it on the daily, 4hr, or 1hr time frame. Price action entries are strong and reliable at the price pivot areas.

 

These are 2 ways to enter and we have more ways to enter on such scenario which we teach in our group.

If you have seen the powers of a simple price pivot, i will teach you how to place them properly and how to use it to great heights.

This is all taught in our price action online forex trading course.

 

See you on the other side,

Ezekiel

Share this post


Link to post
Share on other sites

Hello asiaforexmentor. I trade forex and stocks for my living in the last 10 years

A lot of traders can actually feel their emotions in place when they place their trades. And seeing their trades taking place.

 

Emotions include:

- Heart Thumping (Beating faster)

- Sense of Anxiety

- Nervousness

- Excitement

- Irrational Behavior

- Frustration

- Desperation

- Hatred & Revenge mindset

- Devastated

- Always feel that the market is going against you

- Etc,

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • VRA Vera Bradley stock watch, pull back to 5.08 support area at https://stockconsultant.com/?VRA
    • MU Micron stock watch, pull back to 102.83 gap support area with high trade quality at https://stockconsultant.com/?MU
    • ACLX Arcellx stock watch, trending at 84.6 support area with bullish indicators at https://stockconsultant.com/?ACLX
    • Here’s something few are talking about: The Chinese are printing money like it's going out of style. Not that you'd hear about it in the mainstream news. But Bitcoin knows.   Bitcoin always knows.   Here’s the thing…   When the Chinese government prints money to paper over the cracks, their smart money doesn't sit around waiting to get devalued.   It usually flows into three things: Bitcoin, gold, and dollars.   After years of being beaten down, gold's having one of its best years in decades. But here's the secret -- whatever gold does, Bitcoin's going to do it bigger.   Much bigger.   Since last November, when China started their printing spree, Bitcoin's been moving in near-perfect correlation with the People's Bank of China's balance sheet. Over 80% correlation, maybe even 90%.   Again, few are talking about it.   But here's why this matters right now: This could be the beginning of a huge breakout in the crypto markets.   Bitcoin broke above its July high, and historically, that's led to new all-time highs over 90% of the time. The only times it failed? COVID and the 2022 bear market.   That's it.” – Chris Campbell   Profits from free accurate cryptos signals: https://www.predictmag.com/     
    • Originally Answered: How can I compete with people who are better than me in every way?   So you want to outcompete people who are smarter, better looking and more experienced than you?   No problem!   All you have to do is outwork them.   Will Smith said, "if we both get on a treadmill either you're going to get off first or I'm going to die trying."     Most people just aren't willing to work that hard. Sure, they'll show up for the job interview and maybe practice in front of the mirror for a few minutes, but they won't do hours and hours of research and prepare for weeks. They won't wake up early and stay up late working on their dreams.   So while all those smart, good-looking, experienced people are waiting around for the next opportunity to come their way, you can outwork them and create your own opportunities.   In a few years, you'll be that "smart" person everyone looks up to. But you'll be different. You'll know it was your hard work, your inner strength and your commitment to living a great life that made you successful and brilliant - not luck or good genes.” – Tom Corson-Knowles, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/   
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.