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Trading Commodities and Financial Futures: A Step-by-Step Guide to Mastering the Markets, Fourth Edition by George Kleinman

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10. GK’s Pivot Indicator

“I have the ‘thing’ worked out—the trick or the surprise; the pivotal fact. Then I just start somewhere and let the story work itself out.”

—Lee Child, Author, Jack Reacher

When it comes to making money trading commodities, there’s no holy grail—no single methodology that’s correct. There are numerous paths to profitability, and plenty more lead to loss. You’ll need to identify a method that fits your personality. You might feel more comfortable using a longer-term time horizon, but this path has higher risks with the higher rewards. You might be short-term oriented and consider day trading with zero “overnight” risk but lower average rewards. What I present in this chapter is a fairly simple setup and trigger that I ...

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