Friday, October 2, 2009

Euro pivot play today

The Euro today, has gone from a low on the S1 pivot(blue circle, green line marked S1), to the high at the R1 pivot(blue circle, green line marked R1), for a 150 pip move. Professional day traders use Pivots as there entry and exits. Go long on S1 and sell 1/2 at the P, and the other half at R1. Buy fear and sell greed! Pivots are your best intraday set-ups to play.