Livermore Round number Pivots Setup | stockbee

12/01/2011

Livermore Round number Pivots Setup


Livermore Round number Pivots Setup

"Many years ago I began profiting from the simplest type of Povot point Trades. Frequently I had observed that when a stock sold at 50, 100, 200,and even 300, a fast and straight movement almost invariably occurred after such pivot s were passed"
This is the simplest of Pivot point sertup and it works well in very bullish or bearish stock or bullish or bearish market.
Swing trade setup.
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1 comment:

rmike said...

During Livermore's time the trading on the exchanges hadn't been decimalized, hence the occurrence of this phenomena!