Question about Pivot Points strategy

Trading Systems
1

Hi All,

I’ve used pivot points on and off, while looking for what I’m most comfortable with and I’d like to keep using them. But I do have a question:

If price action is between S1 and S2, should I use S1 as a resistance pivot even though it was printed as a support pivot? Same applies to price action bouncing between R1 and R2?

Thanks!

2

i got pivot point topic minimum after 3 years , it was my strategy when as a newcomer.

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3

Yes that’s how I’ve seen it been used by others. Its support until it’s broken then its resistance until its re broken.

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4

Thank you!

5

My opinion is use to R1 as true resistance, not even pivot can hold. If u were to use S1, it would be too tight a stop loss. Unless you are trailing it down and are already in profit, only then would it make sense to set stop loss at S1 to lock in profit. And vice versa. My $0.02.

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