Once the pre-market buy or sell orders have all been
satisfied, the demand or supply disappears, and the market
tends to give way to "professional" trading activity. Applying
the Pivot Point calculations to predict support and resistance
levels can be used for calculating the Daily, the Weekly and
even the Monthly price ranges. These calculations are an
extremely powerful price-predicting tool, especially when
applied with Fibonacci correction or extension numbers.
Combining pivot point analysis with Fibonacci correction and
extension levels is a powerful leading price indicator.
Floor traders and market makers use pivot point
calculations as they adjust their bids and offers. When prices
move up and away from the pivot, there are zones of resistance
and when they move down and away from the pivot, there are
zones of support. These levels are astounding in their
accuracy as regards to day trading.
Each day after
the market closes we conduct an analysis of several
related markets on different time frames to project the
most likely numbers to trade. No one knows for sure what
the market will do next ( although we hit it exact
regularly ) it can and will do the exact opposite. That's
why we have the numbers on both sides of the pivot point,
so we can react to whatever the market does. Its highly
unlikely you will enter and exit each trade at the exact
point a fractal forms so expect your results to be
slightly different. But even if you enter a little late
and exit a little early on every trade you will still do
very well.
Knowledge is the key to success. With this method you
know in advance where to enter and exit a trade. These are
high probability trades that produce high profits and
low-risk. This knowledge came to us the hard way, costing
many thousands of dollars and years of hard work.
Everyday incredible money-making
opportunities occur, whether prices are going up or down.
Using our morning pivot numbers you will regularly make
these low-risk high-probability trades.
It's like having a road map or blueprint
to upcoming price action! Know the exact prices likely to halt
the final wave of buying or selling, and if the Level I pivots
are violated, be prepared for the next probable reversal pivot
point.We day trade the e-mini S&P and NASDAQ futures
contracts.
The Chicago Mercantile Exchange’s
E-mini S&P 500 and E-mini NASDAQ 100 futures and the Chicago
Board of Trade’s Mini-sized Dow Futures are electronically
traded, smaller versions of the institutional sized index
products listed at each exchange. They trade 24 hours a day
in a 100% electronic environment. Due to the contracts
smaller sizes and the convenience of 100% electronic
execution trading in the E-mini class of futures contracts
represents one of the best opportunities available right now
to the average trader. Low margins for day trading, allows
you to start with a small trading account $5,000 or less.
With electronic alerts and Broker provided simulated stop
orders, under " Globex Orders Times Restriction " you may
configure to trigger outside of regulator trading hours.
It's possible to day trade these contracts without quitting your
day job.
Swing Traders:
Trade using this simple, proven method to profit from
short-term rallies and declines in the stock index futures.
If you want to
make more money from your trading without sitting in front
of the computer all day, then consider using our methodology
on a longer time frame. This
system will work on any time-frame in any liquid, volatile
market but is designed to succeed in the E-mini S&P 500 and
E-mini NASDAQ 100 futures markets. These are truly traders
markets. They have excellent liquidity and volatility with
modest margin requirements. More importantly, you don't have
to pay for leverage by borrowing money on margin and paying
margin interest rates. With the E-mini's the leverage is
built-in. It costs you nothing. And the E-mini's have good
liquidity, so you can expect good fills with little
slippage.
What about taxes? With futures,
you don't have to report each trade on your US tax return.
You get a summary statement from your broker at the end of
the year listing your net profit for the year. In the US,
60% of that profit is taxed at long-term rates; 40% at
short-term rates.
If you're not familiar with these
markets, you owe it to yourself to learn more about why
these are two of the most actively traded futures markets in
the world.