Adjust your trading strategy based on changes in pivot point calculations from "summary" of Secrets of a Pivot Boss by Franklin O. Ochoa
When it comes to trading, it's important to be adaptable and flexible. This is especially true when using pivot points as part of your trading strategy. Pivot points are powerful tools that can help you identify potential support and resistance levels in the market. By adjusting your trading strategy based on changes in pivot point calculations, you can better align your trades with current market conditions. Pivot points are calculated based on the previous day's high, low, and closing prices. As the market moves, these calculations can change, leading to shifts in potential support and resistance levels. By staying on top of these changes and adjusting your trading strategy accordingly, you can increase your chances of success in the market. For example, if a pivot point that was previously acting as support suddenly shifts to resistanc...
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