This is 6 months of every day's Pivot Points. One point I want to make is that buying an S5 or S6 and selling at R5 or R6 is very doable trade, and you really don't need to worry about going outside the S6 ot R6 range, it's a revelation when you accept that fact.
Going long here at S6 is literally the safest long there. Selling and Shorting at R6, same thing. plus your stop is just outside the Pivot Range. Unless you are using a trailing stop on a daytrade, you should use ATR stops.
The other point I want to make is about daytrading in chop, vs Buying an S6 like on October 23rd, and holding for R6 till Tuesday 19th of December for 3000 NQ points.
is swing trading a little boring, sure and it takes patience to hold for that long, and not trade in and out like most day traders do.
But are we in this for a thrill or to make a profit?
Going long here at S6 is literally the safest long there. Selling and Shorting at R6, same thing. plus your stop is just outside the Pivot Range. Unless you are using a trailing stop on a daytrade, you should use ATR stops.
The other point I want to make is about daytrading in chop, vs Buying an S6 like on October 23rd, and holding for R6 till Tuesday 19th of December for 3000 NQ points.
is swing trading a little boring, sure and it takes patience to hold for that long, and not trade in and out like most day traders do.
But are we in this for a thrill or to make a profit?
Comment:
Today we went from S6 to R6 everyone who listened made BANK profits
Comment:
There is still room to go higher on the 5th wave up we are in
Please check out Kauai Dave Pivot Traders on youtube. www.youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ