Posted 9/14/2017 06:41 (#6246996 - in reply to #6246973) Subject: RE: Sorry...
jpartner - 9/13/2017 18:28
JC STONE - 9/14/2017 06:16 That's a nice chart after the fact. How would you know how to trade it when most of the good trading had to take place before you can draw your pivots and upper and lower.
practice, practice, practice......
That is really what it comes down to. When I first started I drew off every pivot thinking it was C. Sometimes it worked, most times it was just a minor inside a major swing and I got stopped out...or at that time rarely used a stop and kept losing as it went against me.
I haven't drawn line to see if in fact it's true, but to my eye, a fork drawn on the previous pivots seems to show that price didn't want to make it to the ML. That alone tells us something. Like with anything we can be wrong, so you are watching for C. If you think it's in due to price action (notable change/formation) you look for the allowable risk and enter the trade with a stop. If you aren't stopped, it then comes down to management.
Not trying to make lite of it, it's hard. Very hard. And regardless who you are it'll take years to study and let sink in. It's very doable in real-time with a clear mind.