Implement pivot points in various time frames for a wellrounded trading approach from "summary" of Secrets of a Pivot Boss by Franklin O. Ochoa
To develop a comprehensive trading strategy, it is essential to incorporate pivot points across multiple time frames. By doing so, traders can gain a more holistic view of the market and make informed decisions based on various levels of support and resistance. Pivot points offer valuable insights into potential price movements, serving as key reference points for identifying entry and exit points. By implementing pivot points in different time frames, traders can adapt to changing market conditions and adjust their strategies accordingly. For instance, short-term traders may focus on pivot points in the hourly or daily time frames to make quick decisions, while long-term traders may look at weekly or monthly pivot points for a broader perspective. Furthermore, using pivot points in multiple time frames a...
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