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Old 09-21-2006, 11:30 AM
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Pivot and TICK high setup

Here is a chart post of one interesting setup. I usually take this setup but I was short from the value high pivot and did not get in on this play.

This is one of my classic setups; after a downtred or uptrend, I watch for TICK's to make a new high or low. Then I will enter a long on the next pullback or a short on the next retracement. In this chart, a new TICK high was made and prices pulled back to the daily pivot. This is a good long signal. Price then lifted towards the value high pivot.
Attached Images
File Type: jpg 092106tickhigh.jpg (132.5 KB, 125 views)

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