CPR Pivot Points Strategy Exposes Biggest Trading Secret
Channel: Trade Beta
Date: 2023-04-02

CPR Pivot Points Strategy Exposes Biggest Trading Secret

This video presents a trading strategy that utilizes three powerful indicators to identify high-probability trade setups and improve traders' fortunes. The CPR indicator, which stands for Central Pivot Range, is used to identify price level pivot points. The Ichimoku Cloud is used to gauge momentum and future areas of support and resistance, while the Stochastic Momentum Index (SMI) or Money Flow Index is used to perfect entries and exits. The video walks traders through the process of adding and adjusting these indicators on the TradingView charting platform. Traders are taught to enter buy trades when the baseline is above the recent pivot point and to enter sell trades when the baseline is below the recent pivot point. The final confirmation to enter a trade is when the SMI line crosses below the signal line while both remain above the centerline, and when the SMI changes to a darker blue. Traders are also advised to only open trades when price action is between the baseline and pivot point and to manage open trades properly.


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DISCLAIMER:

The information presented in this video is for educational and entertainment purposes only and is not financial advice.