Secrets of a Pivot Boss – Frank O. Ochoa [PDF]

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Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market

Like pilots, the most successful traders create daily flight plans prior to each market day to help guide them in the upcoming trading session. Of course, each trader is different, so plans can differ vastly depending on whose you read.

If you have never created a flight plan, it is usually best to view how other traders have formulated their plans in order to incorporate what works best for your particular trading style.

I’ve seen flight plans that make me dizzy trying to decipher what I’m supposed to do for the upcoming session. Many pivot traders will list every single pivot point from many different pivot equations for various markets onto a single sheet of paper, which thoroughly confuses me and exhausts me at the same time.

The point of a flight plan is not to see how much information you can fit onto a sheet of paper. Instead, a flight plan is meant to bring the most pertinent information to your attention to guide you in the upcoming session.