Trading by identifying Pivots

I'll be covering how you can trade by identifying simple pivots using Fractals on Amibroker along with Divergences in Stochastics

How do we know when to go long?

In the most recent chart we look for a divergence - Although price is lower - the stochastics is trending up.

Lets take a look at this 30 min chart.

Now we will discuss how we trade using Pivots - See chart below

The red and blue dots represent Fractals / Pivots

Trading by this method we add when prive goes above the Pivot High. Notice our Point of Entry (red circle)

Our Stops are below at the pivot low. Price moves up and down and once price crosses the next pivot we add to our position (marked with red circles). And we move our SL's as per the pivots that we identify - Looks more like a Step Method.

When price decisively breaks below the Pivot High in an uptrend you go short with your SL @ the Pivot High. In this case our SL is at 5556.

We now move our SL for a short lower to the next Pivot high currently @ 5523