Pivot Point 101
This is 6 months of every day's Pivot Points. One point I want to make is that buying an S5 or S6 and selling at R5 or R6 is very doable trade, and you really don't need to worry about going outside the S6 ot R6 range, it's a revelation when you accept that fact.
Going long here at S6 is literally the safest long there. Selling and Shorting at R6, same thing. plus your stop is just outside the Pivot Range. Unless you are using a trailing stop on a daytrade, you should use ATR stops.
The other point I want to make is about daytrading in chop, vs Buying an S6 like on October 23rd, and holding for R6 till Tuesday 19th of December for 3000 NQ points.
is swing trading a little boring, sure and it takes patience to hold for that long, and not trade in and out like most day traders do.
But are we in this for a thrill or to make a profit?
Going long here at S6 is literally the safest long there. Selling and Shorting at R6, same thing. plus your stop is just outside the Pivot Range. Unless you are using a trailing stop on a daytrade, you should use ATR stops.
The other point I want to make is about daytrading in chop, vs Buying an S6 like on October 23rd, and holding for R6 till Tuesday 19th of December for 3000 NQ points.
is swing trading a little boring, sure and it takes patience to hold for that long, and not trade in and out like most day traders do.
But are we in this for a thrill or to make a profit?
Nota
Today we went from S6 to R6 everyone who listened made BANK profitsNota
There is still room to go higher on the 5th wave up we are inNota
Today we are at S7 two fib levels beyond standard Pivot Point levels. study the chrt to see we never leave the range for long, the next day we will be at pivot and VWAP daily.Nota
WE did 99 winning pivot point trades in the SP-500 room, simply buying S5-S6 and selling/shorting R5/R6 without a single losing trade... how can you lose buying the lowest of a 16 level range, and selling only at r5/r6? It happened once due to FOMC news. The main point is price stayed inside the PP range every day for 99 days, you can see each days pp lines, look for the white ones S6 and R6 custom levels we added.
todays level? S5 the 'ideal buy level"
Nota
This chart proves these statements
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.