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LTCUSD Pivot Point study: LItecoin shows it knows Pivots
ที่อัปเดต:
This is a current example of TV's free ''Pivot Points Standard'' indicator.
All of those Pivot lines are drawn at the beginning of each period.
They do not 'repaint' like most other indicators, making for good targets.
Last week was a perfect Pivot trade, weekly R1 to S1, a common swing.
This week the Monthly (new for Jan.) Pivot was found to be support.
So it is possible that the Monthly R1 will be hit before the end of Jan.
NOTE
The term ''Pivot'' or ''Pivot Point'' is used in different manners by different people.
But originally, that term described a very specific method of calculating pivot price points.
TV has captured that original method, in the standard indicator ''Pivot Points Standard''.
Here is a 3-chapter guide to using TV's indicator
All of those Pivot lines are drawn at the beginning of each period.
They do not 'repaint' like most other indicators, making for good targets.
Last week was a perfect Pivot trade, weekly R1 to S1, a common swing.
This week the Monthly (new for Jan.) Pivot was found to be support.
So it is possible that the Monthly R1 will be hit before the end of Jan.
NOTE
The term ''Pivot'' or ''Pivot Point'' is used in different manners by different people.
But originally, that term described a very specific method of calculating pivot price points.
TV has captured that original method, in the standard indicator ''Pivot Points Standard''.
Here is a 3-chapter guide to using TV's indicator
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Yeah, there are people trading pivots. That is the only way to explain this บันทึก
Example of short term Pivot Trader thinking: บันทึก
LTC just hit the Weekly M3, and as expectable Bulls are taking profit .
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Pivot Point strategy looking good .
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Approaching next Take Profit Pivot บันทึก
Weekly R1 almost hit .
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Got a decent bounce off the new Daily Central Pivot บันทึก
Wow! Chikum broke about the Monthly R1 pivot. .
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