Hello everyone: I wonder if someone could give me a summary about Peter Bain's pivot strategy, his methodology, success and if someone has personal experience with pivot points.Thank you.
Hello everyone: I wonder if someone could give me a summary about Peter Bain's pivot strategy, his methodology, success and if someone has personal experience with pivot points.Thank you.
Hello, Bain's strategy includes: 1. Pivot points from S2 to R2 and intermediate lines (M1-M4
My concerns about the Bain strategy are two: 1. It is mainly for Day Trading and Scalping.2. It focuses almost exclusively on the euro.However, it has positive points: it insists on the discipline by placing Stops and teaches you to focus on the recognition of patterns to operate.You can calculate the pivot points on your own using the "Camarilla Equation".A quick search on Google will give you the details.
Hi Vegas, 1. It is true that it is for Day Trading, but I would not consider it Scalping.For beginners recommends 20 pips objectives, but for more advanced traders the technical objectives range from 30 to 75 pips in the euro.2. According to Bain, traders should specialize in a single currency at the beginning, but lately it also talks about the GBP/USD.By the way, thanks for sharing your experience and for the "Vegas Wealth Builder".What you give, come back.Greetings, Andrew
I have taken some courses, but I never enrolled in Bain.However, I still receive analysis and graphics of it weekly, something that few courses offer.Pivote points are another analytical tool.They are not the definitive solution, but they can be a good starting point if you are starting.
You are right: a course is not enough.It is just one of many things you need to succeed.Training not only deals with foundations or techniques;It is also psychology, discipline, probabilities and money management.Education should never stop.
As a member of the "empty closet" [without shirt, shoes or anything else], I completely agree.Investing in education is important, but do not forget that what you learn should adapt to your trading style.Do not continue jumping from strategy in strategy without integrating them.
Very well said, sir.Bravo!
If someone could get 30 to 75 pips daily consistently, it would be a billionaire in less than five years.Why would you sell a course for $ 395?This does not mean that its course is not useful, but always be careful with the "commercial mentors."
Not every day are winners, as always happens in reality.Bain does not sell signals, teach how to analyze and operate.If you show you something valuable and functional, then it is fair to pay for your work.Education is also a business.
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