Trader Interviews
Trader Interviews HomeTrader Interviews Premium AccessTrader Interviews Premium LoginTrader Interviews FAQsInterviews with Top TradersTrader Interviews EventsAbout Tim, Trader Interviews HostGet Access to Premium Interviews


 
     Enter your email:
 




 
Looking for the free interview and bonus?


Add to Cart
View Cart
How To Use Pivot Points and Candle Charts With Precision
Specs: 31 mins, 24 secs | 14.4 MB
  Buy Now, login or learn more.

Frank is a full-time trader who uses a combination of candlestick charting and pivot point zones to find money-making trades on a regular basis. A full-time trader for many years, we discuss the specific ways he uses pivot points and specific candle patterns on a chart to spot areas where turns are likely. Frank also tacks on a specific type of volume indicator that helps him get early confirmation. This indicator is available to anyone on almost every trading platform, yet surprisingly few traders use it (or understand how to interpret it properly). We also discuss Frank's specific entry and exit strategies and the objective way he determines where his stop loss will be. This detail-packed interview will help any trader to make better trading decisions. Listen in and make a money-making trade doing the same thing he does this afternoon.

Markets discussed: E-Mini futures


Instant access to interviews and transcripts
Note: Full transcript of this interview is available upon purchase.

How To Use Pivot Points and Candle Charts With Precision


Tim: Hello everybody and welcome back to TraderInterviews.com. Thanks for joining me for another show this week. We're going to be speaking with Frank who is a full-time trader. We're going to talk to him about how we approaches the markets and finds good opportunities, and just basically his overall philosophy and his way of looking at the markets to make money. So, Frank, first of all thanks for joining me on the phone today.

Frank: Thanks for having me. It's a pleasure.

Tim: All right. So let's talk about what type of trader you are first whether it be a day trader, a swing trader and then what markets do you trade.

Frank: I'm mainly a day trader and, you know, I look at markets on a kind of a real time basis, minute to minute, 5-minute, 15-minute charts. I'm mostly a day trader focusing on futures markets like the E-minis, even the energies as well. But you know I come from an analytical background as well so I analyze across all timeframes and all types of trading. But more personally, I'm more focused on intraday real-time trading and I will incorporate some swing trade in as well every once in a while.

Tim: All right. And in your bio, it talks about using pivot-based methods. Talk about what you mean.

Frank: I'm a big firm believer in using pivot-based analysis in my trading. I like price-based indicators. Indicators, you know, like floor pivot, something that a lot of folks have used for decades and find reliable. So I like pivot points, methods, anything that allows me to have a leading indicator on my charts that I know where the levels are going to be before the market opens because that helps me develop a plan of attack for the upcoming day -- so pivot-based methods, price-based indicators. I started off with floor pivots and incorporate the pivot range. I...

To read the rest of this interview's transcript, get access now or login
Looking for the free interview and bonus?