Trading Lesson: The Power of the Pivot Point
It’s not about signals, order flow, order imbalances, chart formations, technicals, or even fundamentals and news. Everybody knows that stuff and consequently it’s not worth knowing. I figured something out about price points in my early days as a trader in the 30-year bond pit, as a member of the Chicago Board of Trade. There are certain price points above which you want to be long and below which you want to be short.
Jeff Wecker