Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

fintrans

Pivot Points - John F. Carter

Recommended Posts

I wonder if anyone is trading by his setups? Not only for pivots but also gap trading and scalping. I finished reading his book but i wonder if those setups really work.

 

he is using few different setups. The ones i liked the most are

 

1) gap trading (fading the opening gaps)

 

2) fading the pivot points on choppy day markets

 

3) using squeeze indicator

 

Share your experiences

 

thx

Share this post


Link to post
Share on other sites
I wonder if anyone is trading by his setups? Not only for pivots but also gap trading and scalping. I finished reading his book but i wonder if those setups really work.

....

 

Share your experiences

 

thx

 

if his setup "works", then the thousands of people who bought the book would be multi-millionaires by now, and their friends and families would buy/borrow the book, and they too, would become fantastic traders... and leaving everybody envy. Hahahah.

Share this post


Link to post
Share on other sites
if his setup "works", then the thousands of people who bought the book would be multi-millionaires by now, and their friends and families would buy/borrow the book, and they too, would become fantastic traders... and leaving everybody envy. Hahahah.

 

So does the fact that they are not millionares (which btw, some of them can be but u dont know) make all the setups false?

 

U are only party correct but mostly this kind of reasoning is wrong.

 

Still if his setups do work they need to be properly applied and in right market conditions. Not many people can do that.

 

The fact is that his setups seem to have some good logic behind so i was interested if anyone had any profit using them and perhaps if anyone made some adjustments to make them even better.

Share this post


Link to post
Share on other sites
So does the fact that they are not millionares (which btw, some of them can be but u dont know) make all the setups false?

 

U are only party correct but mostly this kind of reasoning is wrong.

 

Still if his setups do work they need to be properly applied and in right market conditions. Not many people can do that.

 

The fact is that his setups seem to have some good logic behind so i was interested if anyone had any profit using them and perhaps if anyone made some adjustments to make them even better.

 

that's wishful thinking... that's what drives the vendor business.

 

keep trying.

 

good luck.

Share this post


Link to post
Share on other sites
that's wishful thinking... that's what drives the vendor business.

 

keep trying.

 

good luck.

 

well that might be...BUT

 

are u basically saying that all setups in all books that are for sale are completly useless and crap? :crap:

Share this post


Link to post
Share on other sites
well that might be...BUT

 

are u basically saying that all setups in all books that are for sale are completly useless and crap? :crap:

 

That was neither the word, nor the spirit, of what was conveyed.

Share this post


Link to post
Share on other sites
That was neither the word, nor the spirit, of what was conveyed.

 

Well, you said "if people who bought the book would be multi-millionaires by now, and their friends"

 

This is just pointless statement becouse same reasoning can be applied to any book or any setup on any forum online.

 

I was wondering if anyone actually tried them and what are their experiences.

Share this post


Link to post
Share on other sites

Still if his setups do work they need to be properly applied and in right market conditions. Not many people can do that.

 

I second that. Most people miss this idea. It's similar to saying, "If trading worked, traders would all be rich." There is a reason most fail, but it doesn't mean trading doesn't work. Similarly, for any given system or trading method.

 

Best of luck in your trading.

Share this post


Link to post
Share on other sites

We seem to be off of Pivot Points and on to Carter on general...

Well my $.02: his book is more useful to a new trader from the business angle, ie; trade plans, trade management, and some nuggets in the foreword. Let's face it: entries are a dime a dozen- more like a gross. And yes,he has some. I used to subscribe to his freebie newsletter, mostly to keep in virtual touch with what other traders were thinking for the day, as a reality check for what is a pretty solitary profession. But you'll notice he is kind of discretionary in real life with his squeezes for example, if you follow him for a while. "The Squeeze" is a volatility breakout system of which there are many. Periods of low volatility are often followed by high, and vice versa. This is his attempt to standardize the phenomenon, and capitalize on it. IMHO they are more effective on long term charts than 5m charts. I'm personally partial to weekly pivots for some of the reasons that Fat Tails points out. I can see at a glance where price is in context of the previous week. But I'm a candlestick/ SR guy at heart so I always gotta manage my trades. I can't make hard-fast rules for pivots because ultimately Price is my master.

Share this post


Link to post
Share on other sites

Great Video,

 

However, I can not find the link or lead of any sort for the particular "Pivot Point Indicator" described in the video for MT4.

Any help obtaining this indicator would be greatly appreciated.

Share this post


Link to post
Share on other sites
Great Video,

 

However, I can not find the link or lead of any sort for the particular "Pivot Point Indicator" described in the video for MT4.

Any help obtaining this indicator would be greatly appreciated.

 

what do you publish?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
    • yup its a gradual rollout the right way in my opinion, its really good and its exciting for the sto in 2027
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.