In this post, we are going to make the distinction of what side of a pivot we are entering and understand the pros and cons related to each type. Left side entry is like having a limit order waiting as price is coming into your area and right side entry is like waiting for a turn or confirmation. It’s good to make the distinction and practice getting the experience of each one to see what might fit you personally and in what situation. It’s not that one is better than the other, its the motivation behind the decision that matters. Left-sided entries can be motivated by an out of control impulsiveness and right-sided entries can be motivated by an attempt to avoid risk. Both these motivations are fear-based and will cause trouble. If you haven’t already, check out the “Map Any Market At Time Frame” series that sets the foundations for many of these posts.
In part 3 we’re going to use our price action bars to come up with some pivot requirements which can be used as a confirmation technique for entering into a swing. It’s about using these significant bars to see buyers or sellers making effort and getting that effort reversed. In the video, you will how the price bars are related to swings and Median Lines and how they can be used to see a pivot created.