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.
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.
Inserted Video
Attached File(s)
OGT Pivot Points Indicator v1.0.ex4
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263 downloads
Thanks,
Zoheb.
Never stop investing. Never stop improving. Never stop doing something new