Swing Trading High-Volume Pivots by Ken Calhoun
Trading pivots can be tricky. Here’s what will help.
As a general rule of thumb, I have found it more effective to trade gaps and breakouts instead of pivots. Often you will find that buying near where you think a low is does not work out if price action keeps going against you after putting on a pivot trade. Sound familiar? If so, then you will like this month’s trading technique in which we look for exceptional confirming volume when attempting to trade pivots ...