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
Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
No comments:
Post a Comment