Hi Mr. Marketz,

Thank you for sharing this, it is very much appraciated.
I have a question or two though.

When you trade retracements and pivor breaks, this usually happens with higher volumes and a lot of volatility. Usually a resistance or support is not broken on lower volumes. So, that means you need a fast responding server to make your trades. Which broker do you recommend for this?

I have a rule that says that I don't want to go short unless the 14rsi (my market pressure gauge) is below 50 and don't go long unless the 14rsi is above 50. Would you say that with this method that is usually the case?

When precicely do you go in? A pivot is not broken on 1 or 2 pips, even 10 pips sometimes is not enough. Also, why wait until it is broken, why not trade the bounce of the pivot? If you look at the chart you see 3 or 4 bounces vs. one break. That means at least 3 more trading opportunities. Also, and here is a good tip: If you are in the range between a support and resistance, the chances are bigger that the price you entered on will occur again and thus any mistake you made can be undone or your losses can be reduced. When breaking a pivot and you are on the wrong side of the trade, your price might not come back at you for a long time, you would have to close at maybe a high loss. Am I correct?

Thanks,

Ilovepippin.
BTW. this is not to criticize , I am trying to understand and learn as much as I can. Usually that works best by asking questions. I think you are completely right on your trading philosophy.
For instance, I traded on a demo, 50k into 1M within 3 weeks. Cowboy trading with drawdown of 90%. But when given rules, like max drawdown and max trades, I could not make a substancial profit. I am really benifitting from posts like yours.Thx.