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Showing results for tags 'pivot point'.
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Hi BBT fam, I recently started using Camarilla Pivot trading strategies. Primarily want to trade of R3/S3 pivots. However, I'm having a hard time identifying the exact entry/exit criteria or confirmations needed to enter and exit the trade. Does any one have these parameters written down? Would be really helpful in refining the criteria I have put together. Any advice or help would be greatly appreciated!
Hey Everyone, Not sure if this is even a thing but does anyone know how or where someone could setup a scanner to look for stocks hitting certain Pivot points (R6, S3 for example)? I have found a good consistent strategy that works for me using these indicators but other than just good ole fashioned looking intraday at charts, I am unable to find a software like tradingview.com that I could setup some type of screener. I have found 1 month timeframes but I am looking for much shorter time periods. Or if maybe anyone out there has a thought on a way to scan for R5, R6, S5, S6 price action using another indicator to track down I would be greatly appreciative.
I’m just curious as to if it’s wise (or common) to place a trade when the action is below the VWAP. Say for instance you see an indecision doji and a trend reversal is starting to form.. or say a double bottom candlestick has formed and you see a reversal. Should trades such as these be taken? Thanks in advance.