Can we rely only on Pivot point trading strategy?

#1
Hi Friends,

I'am new to trading..i am much interested to enter into Intra-day Equity trading.

As usual..i started to browse to get as much as info possible..and again as said..the more i started browsing on trading strategies..the more confusing i' am..

Then i found Pivot point strategy calculations..im not sure how best this strategy works out..

Kindly let me know if you guys have any other best strategy to rely on for intra day equity trading..

Thanks,
Charan Raj..
 
#2
if you are using this strategy well good but finding pivot points is not easy as you should come to know when the bears or bulls get exhausted and changes take place like double bottom or a evening star and pivot calculations are like retracements in a single candle
 

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