Quote:
Originally Posted by Ilovepippin
Okay, I see. I was thinking trendlines as opposed to pivots. From the charts you provided it looked like you meant trendlines as opposed to pivots. My mistake.
Still, when do you consider a pivot breached?
And what broker do you recommend for a fast response time? Scalping off 1 and 15 minute charts with high volatility is a fast reaction game.
Thx
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When a previously identified pivot (high or low) is surpassed by current price.
Unfortunately, I cannot make any broker recommendations (I'd like to keep this neutral). Things to look for when shopping around are
1.Time minimum per order.
2. Scalping restrictions -any broker with scalping restrictions is a NO-NO. (Yes, even for long term traders) It reeks of "funny business".