Monday, January 27, 2014

SPY - 5 Day 15 minute Bar Pivots

This is a great example of the usefulness of  Pivot levels for entering Limit orders and trading regardless of your time constraints.  I typically use a $0.05 buffer within the Pivot level.  For example if the Pivot is $107.07 I set a Limit order to Buy at $107.12.  And if i'm selling I use $0.05 less than the upward Pivot level to sell a Long position into strength.

SPY - 5 DAY 15 minute Bar

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