How To Use Pivots To Set Profit Targets

Hey Team,

When it comes to trading one of the most difficult questions is where do I put my take profit?

I wanted to share a method that you can use the next time you look to place your take profit. The method uses the daily R1/S1 levels. If your swing trading and holding positions for a few days or more, you can also use this method using weekly/monthly R1/S1 levels.

R1 or S1 pivot levels have a 78% PROBABILITY OF BEING HIT in the day/week/month they are created. Knowing this - how can we as traders take advantage of this high probability event?

Using my OGT Pivot Points Indicator to draw R1/S1 levels on your charts, I share in the video below how to setup the indicator, probability of R1/S1 being hit and a LIVE TRADE of me using R1/S1 as a take profit target (includes the trade outcome).

You can download the OGT Pivot Points indicator below.





Thanks,
Zoheb.

Hey Team,

I wanted to let you know that OGT Pivot Points Indicator v1.1 has been released today.

Below you will the tutorial video which goes through the latest features.

1. Push, Email, Desktop Alerts - Never miss a signal with customisable alerts on all pivot levels
2. New Pivot Time Frame Levels - This is something new that I've never seen on any pivot point indicator and will give you a trading edge!

Thanks for sharing. Valuable information

You are most welcome. Glad you found the content valuable