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Look ammo--your feathers are ruffled... I get it... however--you really should learn how to not take this stuff personally. You continue to ask the same question over and over about pivots... I have addressed it over and over and will not humor you by repeating myself yet again. My...

ammo -- what are you rambling about here? Your post is practically incoherent.

Ammo-- once again-- I am not talking about "floor trader pivots" or the like which are derived from mathematical equations involving high low close etc. I'm talking about key swing pivot high/lows on a chart... these are 100% absolute. Floor pivots are highly unreliable in my opinion...

Oracle-- do you have a formal written trade plan? Also-- have you read Trading in the Zone by Mark Douglas? That book literally changed my life. Fear of pulling the trigger was my biggest obstacle... the content was a big eye opener for me. Highly recommend it (keep in mind it presumes...

Congrats. Just think of the additional profit you would've made if you entered full position at the highest probability locations instead. The moral of the story? "Success" is relative.

Well-- speaking of pink elephants... did you know that... :-) Just a little levity here for the proverbial ruffled feathers here...

Congrats on the profit... that's why we do what we do! :-) The key point here is-- you have summed up the essence of why averaging down is a poor substitute for identifying the proper levels... Dustin's trade is a perfect example.

So when they don't work-- have you come to any reasonable conclusion or common denominator in a high % of cases that pinpoints to a high degree why they didn't work? For instance-- I will map out a supply zone on XYZ stock... it is a very strong level.... price has never revisited the level...

I am not referring to "floor trader pivots" ammo.

Slave-- you aren't getting it. My trigger is based on supply and demand and the hard right edge. My zones are mapped on a 15 min time frame. I also map hourly zones. I use the 5 min for ideal entry-- that is where I will look for a reversal candle often.. however I am not trading based...

Ahhh yes.. the sarcasm continues.

By the way ammo- trendlines are extremely subjective. You provided a chart where it appears that price hit the line perfectly and then reversed. Another poster earlier in the thread posted a chart where it appears price pierced the line by about $.12/.13 before finally reversing. Then...

Satmir - who is this directed to... and what is your point?

No it is not false. While a trendline may have a high probability of acting as strong support or resistance... it does not provide a reference point that sellers (supply) exist at this level. Price has never been here yet! Fib extensions just the same-- another tool (and to me it is...

Ammo- I just referred to "zones"... which are not absolutes. I am on the same page with you... high probability "areas" if you will. The decision I have to make for a fade once price nears entering a high probability area of supply or demand is: a) Look to enter just as price enters...

Absolutely. I would contend however that significant levels more prominently visible on the larger timeframes have more weight... and that trading in the direction of the big picture prevailing trend of the larger timeframe helps increase probabilities of a successful trade on the smaller...

Dustin-- when I speak of supply.. I am referring to resistance. However when one thinks of resistance-- they think in terms of absolutes. Rarely does a resistance line play out to the penny. That's why it is prudent to look at zones-- areas where price has a high probability of reversing...

Shanb, I take no offense... I find it comical to say the least however your deduction. I am a full time directional options trader. I trade highly liquid weekly options intraday... flat end of day... in high beta equities... deltas of .90 and higher as a surrogate for the stock. The...

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