Doubt on pivot trading

#1
While using any pivot trading strategy for day trading...any pivot trading startegy....what is to be done when the prices are no where near the pivot ranges as per calculation.....especially during gap ups or downs.My doubt is....is it a no trade day...or is one to calculate the levels afresh based on the present prices....
thanks
Sreenan
 
#3
this is a simple stratergy that works for me.....select the stocks that had high volumes today and calculate pivot points for next trading day...........this is the most safe stratergy, buy at second support level (S2) and go short at second resistance level (R2).

Suppose u get S2 = 250 and R2 = 265 then place the orders Re1 below the S2 and Re1 above R2.........like this
Buy @ 249
Short @ 265
Cos many times market confuses the traders going just below the S2 or going just above R2 and then bouncing back........you can make good profits with this stratergy.

Just observe this sratergy for a week and you will know it yourself.
 

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