Frank Birch Veteran   Posts: 171 Joined: 3/25/2006 Location: UK  User Profile | Hi to all, Pivot Points Unzipped: Deep Dive into the Zig Zag Dance of Trading Alright, my fellow traders, let’s embark on a journey deep into the heart of trading’s secret sauce – the pivot points, or as some seasoned traders in our community love to call it, the 'Zig Zag'. Whether you're knee-deep in the Forex arena with the big 6 Majors, or you’re navigating through the bustling alleys of US futures, or maybe you're riding the waves of the Dow 30 symbols, you've probably encountered these pivot points. Picture them as the heartbeat of the market, pulsating, alive, and constantly changing every tick of the trading clock. But, much like the tip of an iceberg, there's a hidden depth beneath these pivot points that often goes unnoticed by many. Every Symbol’s Unique Secret First off, let’s get a little introspective. Imagine every trading symbol as a unique individual, each with its own stories, characteristics, and quirks. Now, this might sound a bit out there, but bear with me. Every trading symbol, be it an energetic currency pair or a stoic stock, holds a unique little secret. It's like each one has its own DNA, a specific percentage or fractal number that can tell you precisely when it's about to take a sharp turn or decide to chill for a bit. This is the essence of its pivot points. If you're a skeptic (and hey, being in the trading world, who could blame you?), then you've got to try out the Nirvana Systems’ Strategy Wizard. Think of this tool as a magnifying glass, letting you peer deep into the intricacies of each symbol. Do some backtesting (BT) and forward testing (FT), and you might just find yourself having a few 'Aha!' moments. The Dance of Long vs. Short Now, while we're still on this introspective journey, let’s address the dance of the 'longs' and 'shorts'. If you've been in the game long enough, you know trading isn't a one-size-fits-all scenario. When you look closer, with a keen, analytical eye, you'll notice that each symbol has its own style and rhythm when you're going 'long' compared to when you're going 'short'. Imagine 'long' trades as someone enjoying a leisurely walk in a park, soaking in the sun, feeling the breeze, and taking its sweet time. But the 'short' trades? They're akin to a sprinter, bursting out of the blocks, filled with energy and drive. Understanding this duality, this yin and yang, is absolutely crucial in mastering the art of trading. Yet, there's another layer to this. The time frames. Oh boy, time frames. If you thought you had a grasp on a symbol, try switching time frames. Every single time frame dances to its own tune, governed by its unique percentage or fractal. So, for every symbol, and for each time frame, you’ve got a different dance. It's like a festival where every dance floor has its own kind of music. Crafting the Ultimate Strategy With the massive ocean that is trading, it's easy to feel like you're out at sea, floating aimlessly. The sheer number of symbols and time frames can make anyone's head spin. But here’s a thought. What if, instead of trying to conquer the whole ocean, you pick your favorite spots and master them? Choose a handful of symbols. Dive deep, understand their rhythms, their pivot points, and how they behave in different time frames. This is not just trading; this is craftsmanship. A nugget of wisdom? Spend some quality time with the Strategy Wizard from Nirvana Systems. This tool, my friends, is like that mentor you always wished you had. It provides insights, fine-tuning advice, and shows you the ropes for each symbol, whether you're going long or short, and for each time frame. A little elbow grease here, some dedication, and you might find the scales of trading tipping in your favor. The Road Ahead Trading isn’t just numbers and graphs; it’s an art, a science, and sometimes, a dance. It’s a continuous journey of learning, adapting, and growing. The pivot points, or our beloved 'Zig Zag', are the compass, guiding us through the maze of the trading world. So, the next time you're staring at a chart, remember the hidden depths, the stories, the dances of each symbol. Embrace the complexities, revel in the challenges, and dance along with the 'Zig' and the 'Zag'. After all, every trader is a dancer at heart, moving to the rhythms of the market, mastering its ebbs and flows, and always eager for the next big swing. Hope you enjoyed this snippet of information! Regards Frank Birch | |
