[ddau]

I tried the pivot points and they worked pretty well. But I wasn't really disciplined enough to take some of the signals but I will continue to practice. I attached three charts. ATI, SU, and XLE. I traded mainly SU, the XLE is the index I follow. But it isn't a very good one, atleast not today.

In the morning I managed to sit tight until about 10:30 when SU crossed its PP. I got short and had a bid out at 73.66 which was S1. The last print to go off before it reversed was 73.67, go figure. So I didn't get the fill and ended up just taking the offer. Unfortunately I didn't have the guts to reverse and get long. And as you can see it reversed. I didn't get long until the PP where it crossed through and pulled back on the one red candle. I managed to make some money there.

So it reaches R1 and here is where I got whipsawed for a good while. I should have known to sit out because it was nearing lunchtime and such. But I kept getting long and short multiple times. That killed my profits just from commissions.

Finally around 2:15 I got short and made some there. But the price never really reached PP so I had to cover. I waited for the price to approach R1 again and it did I got short but it popped a little and I covered the top but I immediately reshorted and made some money back.

That is pretty much the jist of my day. Any suggestions would be greatly appreciated. It was a very sloppy day to say the least but I think I can really practice hard and make good use of pivot points. It was the first day I used them so can't expect much.