Learn To Trade With Pivot Point Trading Strategy
In this video, I take up Pivot Point. I begin by highlighting about Pivot Points meaning before moving to identifying relevant Major Pivot Point and Minor Pivot Point.
I present a clear set of rules to identify Major and Minor Pivot points in this Trading Strategy. I have covered aspects of Pivot Point in my Trailing Stop Loss video as well so please go through that to learn more on how to combine Pivot Point as Trailing Stops for Trading in Stocks.
Pivot Point Trading Strategy can be used to Trade in Stocks Online and it can also be used for Trading in Options. Overall concepts remain the same. For Options Trading either you can use the underlying Stock chart or you can mark Pivot Point in Call and Put option charts.
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V may consider 4% in any timeframe …?
Yes it would reflect on every time frame. But you need just daily time frame to mark out relevant pivots. Major pivot violations do not happen even on daily time frame of Trend is strong. Prefer daily or weekly.
What’s the difference between the various types of pivot point indicator provided by different charting platforms and this technique? I understand that pivot points are better as a region and not just a single point.
Hey Gautam, which indicators are you referring to? I mean in which software?
I mostly use web-based software like Tradingview or sometimes Zerodha pi, the most common pivot point indicator is either Fibonacci or camarilla pivot points.
Use simple price based pivots. With relevant swing points. More than enough in my opinion. Tc
ok, thank you 🙂
Which time frame I shall follow for intraday to mark these points ?
Thnx
Any time frame is fine, just make sure broad guidelines of what I have shown fit the markings.
For example, there has to be some sought of meaningful pullback to mark it as a valid pivot.
@Trade With Trend thanks
Can you explalin the 4% you speak of in the video? Little confused.
Pivot is valid when you have a retracement of 4% or more on a closing basis.
Anything less than this should not be considered as a major pivot.
Thank you sir
Most welcome.
Hi ,which chart you prefer for swing trade daily/weekly ?
Hi Nassar,
Depends on the Strategy.
In general I trade 30 Min, 60 Min & Daily time frame.
Hi.. thanks for nice tutorial! how to measure two pivot points and to know if it more than 4% or less? thanks
Thanks Marwan. Some software’s have a tool for this. Which software do you use.
@Trade With Trend ThinkorSwim
Try Sierra chart. It’s available in it. Else will find out some other resource as well.
Good thing for beginners like me which software it is does it available with all the brokers
Try trading view dot com. Most indicators are available on it.
u can download forex calculator from play store
Good morning .Nice video ,I have small doubt if we marked major pivot and minor pivot in ranging market how do we conform breakout or breakdown confirmation ,entry and exit point.
In a range, mark out major pivots only. Then trade in the direction where breakout happens.