Review past trading patterns to optimize pivot point strategies from "summary" of Secrets of a Pivot Boss by Franklin O. Ochoa
To optimize pivot point strategies, it is essential to review past trading patterns. By examining historical price action, traders can gain valuable insights into market behavior and identify key levels of support and resistance. This information can then be used to refine pivot point calculations and improve the accuracy of trading decisions.
Analyzing past trading patterns allows traders to identify recurring price movements and patterns that can be used to anticipate future price action. By studying how the market has reacted to certain levels in the past, traders can develop a better understanding of the dynamics at play and make more informed trading decisions.
In addition, reviewing past trading patterns c...
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