You do not need to know what pivot bands are to use my trading methodology. However, I did want to illustrate some other indicators I look at. This is a chart of the $ES_F (S&P500 future) with pivot bands(energy bands of resistance and support). I have posted some notes showing how an “exhaustion sell pattern” worked today.
About The Author
David Patrick has traded bond futures,spreads,equities and options for over 20 years. He graduated from The Ohio State University with a degree in Finance, in 1995. He started his business career as a Trust Tax Accountant for National City Bank. He became an Investment Advisor at Olde Discount Stockbrokers in 1998. Five years later he became a top trader for Elite Trading LLC. At this hedge fund, David led a team of traders specializing in bond future spreads to an impeccable track record. In 2008 he branched out on his own and became a very successful Independent Trader. On January 25th, 2013 he successfully launched Fitzstock Charts Premium Service. This elite trading service has helped traders around the world learn his proprietary trading methodology.