Notes on JRW’s Pivot Point Strategy

Hoping to get images working again soon.  Here’s another “members only” snippet for you:

We are hopefully going to have the Wiki project up and running soon (call me Kwan!) and then we can make a more interactive version of this as well as other strategy stuff.

For now, here’s some notes on JRW’s strategy taken by Augrusot, who has been kind enough to share.   I’m sure JRW can add some comments (or maybe edit the post) to make it more useful over time.  I’ll be linking it into the Education Section as well – Phil

My lines, 14,3,3 Stoch, RSI at 14, volume, Momentum also at 14, and pivots, with an overview from DeMark analysis.

Sep 20, 2010

You must plug my lines into your chart; Pivot points are also significant as is the 200 SMA, but I play off my lines (usually).  When between lines the safest thing to do is WAIT until we reach a line and see which way we’re going from there to take a position. You can use the 3 min chart and a cross of the 8EMA for conformation (if your wrong, get OUT) !!  Reverse above for exit strategy.

Also I usually post entries and exits, or intentions, so you can just follow me but my posts are about 2 minutes delayed from the trade.

And remember, do NOT get sidetracked while in a position (like eating lunch, you can go broke quickly)

Confluence

(Jun 23rd, 2010)Confluence occurs when you take Fibonacci projections off of multiple trends and get the same number and strengthens when it corresponds with other technical advents such as gaps, swing high/lows, chart indicators crossovers (MACD, RSI, Stochastics, etc.), trading congestion, etc. The more confluence, the more significant the level. I really take notice when I get two or more fib #s (say a 38.2% and 61.8%) to correspond with a gap in the chart or a swing high. Confluence is very powerful as it combines multiple technical analysis techniques to arrive at the same conclusion, and should be relied on accordingly. I post the levels every morning. (Sig Rune links in the June23rd post)

Charting

(Jun 16th, 2010) JRW: “I watch everything you watch on the 1 minute chart; conformation comes from the 8ema on my 3 minute chart. (An engulfing candle over the 8ema in the opposite direction.)”

(Jun 19th, 2010) exec: I had a question related to some of the information you provided last week.  I’ve been playing around with the chart settings this morning, trying some of your settings. …

….ahhhhh end of the free article! Uncle Phil doesn’t let me post the entire article for free! Fortunately for you, I’m his nephew and can get you a special discount on his site! Just follow this link:

http://philstockworld.com/membership/signup.php?affiliate_special_signup=1&coupon_or_referrer=jad714

You see that link there? I earn commission for everyone who signs up and YOU get a discount. Want to be on the commission side of that deal? My Uncle has me signed up under the affiliate program and wants more people to do it as well. If you would like to refer people and earn commission, please e-mail me at jad714 at aol.com (******@aol.com). It doesn’t cost you a single penny and all it takes to earn money is to refer people using your personal link.

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About jad714

I'm 17 and freshly entering the world of stocks! I'm using my Uncle's website at www.philstockworld.com to get my information. His articles are fascinating!
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