rvc8280

RVC-Trade-With-Pivot-Levels

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How to Use PIVOT Levels for Trading

Always remember ->: *Trade with trend*

About script:
1. Daily and Weekly close above Pivot Level.
-- Sentiment is highly positive. Pivot Level acts as strong support.
2. Daily Close above Pivot and Weekly Close Below Pivot
-- Sentiment is positive.Weekly Pivot Level may act as strong resistance.
3. Daily close below Pivot and weekly close above Pivot
-- Sentiment is negative but weekly Pivot Level can acts as strong support.
4. Daily and Weekly Close below Pivot Level
-- Sentiment is highly Negative. Pivot Level acts as strong resistance.

BUY/SELL -- ENTRY

BUY ABOVE 23.6% UPWARD
IF Trend is positive and price cross and sustains above 23.6%(R1) upside, then it will be entry from BUY perspective.
If R1 is entry, R2/R3/R4/R5 ... will be targets.

SELL Below 23.6% Downward
IF Trend is negative and price cross and sustains below 23.6%(S1) downside, then it will be entry from SELL perspective.
If S1 is Sell side entry, S2/S3/S4/S5 will be targets.


Before taking ENTRY on BUY or SELL Side, please know your risk levels, Stop Loss and trade EXECUTION process.


Finally:
My view is my view and remains with me only. Once you accept it and trade it, it becomes your view. So credit or blame all yours.:)
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Kommentarer

Nice and clear instructions. Thank you
Svara
BUY ABOVE 23.6% UPWARD ?
What actually it means?
From where the measure starts ?
Svara
rvc8280 Ankit_1618
@Ankit_1618, Above 23.6% means R1.

R1_d := Pivot + (phigh_d - plow_d) * 0.236
Once price cross R1 and sustains we can buy with Targets of R2/R3
Svara
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