Master the art of using pivot points for successful trading from "summary" of Secrets of a Pivot Boss by Franklin O. Ochoa
To become a successful trader, it is crucial to understand the power of pivot points. These key levels can serve as a roadmap for the market, guiding traders on potential entry and exit points. By mastering the art of using pivot points, traders can gain a significant edge in the market and improve their overall trading performance. Pivot points are calculated using the previous day's high, low, and close prices. These levels act as potential support and resistance areas, giving traders valuable insights into market sentiment and potential price movements. By paying close attention to pivot points, traders can make more informed trading decisions and increase their chances of success. One of the key benefi...
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