PIVOT POINTS;standard,demark,fibonacci

[cnvegas]

Good morning dotnet. Sorry for the delay.

A lot of my trading does revolve around JY's Pivot Point trading style. But I have modified it a bit to trade my SPY trading plan.

1st. I see where he places his support and resistance lines for the day on SPY. Then I use the 5,10,15 min time frames to set mine. The previous days pivots play an important part in my daily plan also.

2nd I find strikes that are in the money or near the money to trade. Usually a week out. This has been insuring me of a successful trade before I start. Researched is done the night before.

3rd. As the morning unfolds before the bell I watch the pre market on TOS to see if SPY is going "my way."

Some of this will be hard to explain to you because it relies on at the moment observation and timing. But JY is very correct when he says that PP's work better on Index trades than stocks. Also I'm using nolerman's 30% rule to trade SPY and am having Great success with it. It's providing me with many $200-250 pops in very short time.

we'll talk more. Off to work now.