Hi,
Can someone tell me if Pivot Points are really of great value? From what I can see a visual stop is much stronger i.e a previous high or a trendline. Is it better to be aware of the Support & Resistance as mentioned or should I use both?
Any help would be great.
Have you found a system that works well with them?
Like all indicators if you find a system which works &
works well, then use them. Nobody can tell you whether
one indicator works better than any other, it is all personal
taste.
That said I personally use support & resistance lines
combined with price action & have found no great use for pivot
lines, but…
Have fun.
Thats what I find too, Id like them just there as a reminder but too many lines and theres nearly nowhere price can go (psychologically)!
