My Favorite Pivot Point Trading Strategy – How to Trade with CPR Trading Strategy - Full Tutorial
In today's video, we go through a simple and profitable CPR trading strategy, you might have watched the video where we backtested the Pivot Points trading strategy together with RSI.
We received plenty of requests asking us to make a video on how to trade the CPR indicator and share a high winning rate CPR trading strategy,
This video goes through the entire strategy with live market examples.
CPR trading strategy for intraday trading is slightly different from the basic Pivot Point trading strategy which relies essentially on support and resistance levels.
A pivot point is a popular technical analysis indicator, or calculations, used by traders to determine the overall trend of a given market over different time frames.
It is usually in Forex, Stocks, and crypto trading, as the pivot point itself is simply the average of the intraday high and low, and the closing price from the previous trading day.
On the following day, trading above the pivot point is usually considered as a sign of an ongoing bullish sentiment, on the other hand, trading below the pivot point is perceived as bearish sentiment.
Let us know in the comment section if you want us the backtest this CPR trading strategy 100 times and feel free to leave any question you might have in the comment section.
If you are looking for a solid trading strategy to capture pips on a daily basis that this strategy is for you.
#CPR_Trading_Strategy #Pivot_Points
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