Donut Shop

[xe2dy]

NAV's technique

"My system is based on identifying trend changes based on pivot breaks and waiting for retracements to pull the trigger. The exact specifics are proprietary, which is my bread and butter."

http://www.investopedia.com/articles/forex/05/FXpivots.asp#axzz1VG2Brche

"I don't use the floor pivots or any pivots derived based on mathematical formulas. I just use pivots established by pure price action. But as jdj said, there's a lot more to it."

http://www.traders-talk.com/mb2/lofiversion/index.php/t133886.html

So I would think 1) Identify trend via trend lines. 2) Calculate pivot break point. 3) Wait for retracement. ( Maybe taking average of last three ) 4) Pull the trigger with half position. 5) Add second half at next retracement.