How to use pivot point in trading

What are pivot points? How can you use support and resistance levels within a pivot point Indicator? What types of pivot points are there? How do you use pivot points? 





Comments

Post a Comment

Popular posts from this blog

Rookie Trader Journal 211220 - Q to Sell YUM Buy GS

Is it a good day to buy stocks? Look at the  S&P 500 hourly chart ...  Is the 10 SMA above the 30 EMA?  Is Williams %R (3) less than -80 (oversold)?  Is the ADX momentum indicator above 25?  If one is Yes, buy!  👉Buy What stocks to buy?    Buy DJIA and S&P500 stocks.  undervalued PEG less than 1.5,  uptrend above 200MA, when going down and about to bounce...   https://finviz.com/screener.ashx?v=111&f=fa_peg_u2,idx_sp500,ta_perf_1wdown,ta_sma20_pb,ta_sma200_pa&ft=4 Double confirm for UNDERvaluation here...  https://simplywall.st/dashboard Buy if undervalued more than 30%. 👉Q to Buy GS at $360 Which stock to sell? Check for OVERvaluation here...  https://simplywall.st/dashboard Sell if overvalued. 👉Q to Sell YUM at $135  Until tomorrow.  May the market be with you. ~ The Rookie Trader  PS: I would like to thank the following... For the charts...  https://finance.yahoo.com/ For...
Read more

Rookie Trader 220516 - Stock Market Crash

Image
The market has been all red since I last journaled. As I note below... sell in May and go away... That's what institutions do when they take back cash from the market to prepare for the Summer Holidays. That is so true. Is there an opportunity in this down market? WHEN will the big player be back? August... See my note below.   What stocks to buy today?    Buy DJIA and S&P500 stocks.  undervalued PEG less than 1.5,  uptrend above 200MA, when going down and about to bounce...   https://finviz.com/screener.ashx?v=111&f=fa_peg_u2,idx_sp500,ta_perf_1wdown,ta_sma20_pb,ta_sma200_pa&ft=4 Or try some undervalued growth stocks... https://finance.yahoo.com/screener/predefined/undervalued_growth_stocks Or what's Trader TV LIVE watching... https://tradertv.live/members-area/ Or try some Meme Stocks... https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment Double confirm for UNDERvaluation here...  https://simplywall.st/dashbo...
Read more

HPQ Stock Buy Or Sell - $15K/m Stock Trading #220314

  What stocks to buy?    Buy DJIA and S&P500 stocks.  undervalued PEG less than 1.5,  uptrend above 200MA, when going down and about to bounce...   https://finviz.com/screener.ashx?v=111&f=fa_peg_u2,idx_sp500,ta_perf_1wdown,ta_sma20_pb,ta_sma200_pa&ft=4 Or try this... https://finance.yahoo.com/screener/predefined/undervalued_growth_stocks Double confirm for UNDERvaluation here...  https://simplywall.st/dashboard Buy if undervalued more than 30%. Experiment - Scroll through yahoo stock chart  from 1 day to 15 min interval to forecast supertrend signal.   👉 HPQ 34% undervalued.  Which stock to sell? ...or stop loss. Check for OVERvaluation here...  https://simplywall.st/dashboard Sell when overvalued. 👉 None Until tomorrow.  May the markets be with you! ~ The Rookie Trader  PS: I would like to thank the following...  For the charts...  https://finance.yahoo.com/ For all in one...  ...
Read more