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Hello dear followers
Today I'm going to share with one of the most effective and widely used exit strategy in intraday trading.
Pivot Points and their medians have long been a favorite of the biggest institutional players, and since they are the ones who move the markets, once you know the likely places for their pending orders, you also know the most likely levels for reversals. But too many traders calibrate their Pivots incorrectly since they lack an understanding of their meaning and how the markets work.
A powerful combination is the result of Fibonacci levels AND Pivot Points. Professional traders pay special attention when these two indicators are confluent and the exchange rate snaps to these levels in a clear manner.
cheers
Today I'm going to share with one of the most effective and widely used exit strategy in intraday trading.
Pivot Points and their medians have long been a favorite of the biggest institutional players, and since they are the ones who move the markets, once you know the likely places for their pending orders, you also know the most likely levels for reversals. But too many traders calibrate their Pivots incorrectly since they lack an understanding of their meaning and how the markets work.
A powerful combination is the result of Fibonacci levels AND Pivot Points. Professional traders pay special attention when these two indicators are confluent and the exchange rate snaps to these levels in a clear manner.
cheers
