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Re: Pivot Points and market/stocks
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I've been using pivots in my stock trading so far and its been working well. Just one question for you other traders out there as long as we're on the subject. How much credence do you give to the midpoint between pivots? I.e If price is moving towards R1 from the PP and touches the midpoint, does this trigger any signals for yourselves? |
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Traders use pivots differently but I personally do not use midpoints. I see no signficance in them. The ONLY midpoint I MAY watch is the midpoiint between PP and S1 and PP and R1 only when the distance is great.
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James Lee
TradersLaboratory.com
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