Incorporate pivot points into your day trading routine for consistent profits from "summary" of Secrets of a Pivot Boss by Franklin O. Ochoa
Pivot points are a powerful tool that can help day traders achieve consistent profits in the market. By incorporating pivot points into your trading routine, you can gain a competitive edge and improve your overall trading performance. The concept of pivot points is based on the idea that the market has a tendency to reverse at certain key price levels. These levels, known as pivot points, act as potential support and resistance areas where price can change direction. By identifying these key levels, traders can make more informed decisions about when to enter and exit trades. There are several different types of pivot points, including traditional pivot points, Fibonacci pivot points, and Camarilla pivot points. Each type has its own unique formula for calculating key price levels, but they all serve the...
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