Something to keep in mind:
While the 75% of the Pivot-High (or low) is arbitrary, the raw win % is not. While the graphs are pretty, what is more important to consider is the win percentage and the hypothetical R:R and what they mean.
1) Statistically, there is a daily bias to the market.
2) The "breakout" in the direction of the bias can be significant.
I would say for now the best risk management you can use is to just walk the SL up using the midpoints as new SL levels as the price breaks past the various R/S levels. Also, the futher from the pivot you get the more overbought/sold the market is considered and you might want to pay more attention to it.
While the 75% of the Pivot-High (or low) is arbitrary, the raw win % is not. While the graphs are pretty, what is more important to consider is the win percentage and the hypothetical R:R and what they mean.
1) Statistically, there is a daily bias to the market.
2) The "breakout" in the direction of the bias can be significant.
I would say for now the best risk management you can use is to just walk the SL up using the midpoints as new SL levels as the price breaks past the various R/S levels. Also, the futher from the pivot you get the more overbought/sold the market is considered and you might want to pay more attention to it.