Trying to Learn Some Systems for Daytrading

Snow Flake

Newbie
2 0
It is so valuable

Information you shared here is so valuable, I must say thank you.

mate, let me give you some advice.

1. ignore 99% of advice on here, including my own if it pleases you to do so
2. draw 2 horizontal lines on your chart, Monthly Pivots based on last months OHLC
3. sit, and sit, and sit, and sit, until price nudges either price line and Fade it, ie go Long at the lower price line, Short at the upper


If a trade doesn't get triggered at all, so what, your net results will still be better than 95% of day-traders


After 3 years of doing that, move to Weekly pivots
And after 5 years of doing that, move to Daily pivots
 
 
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