4min chapter

Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More) cover image

215: Fix Your Trading Forever: “Learn How To Read Price” Kym Watson Reveals All

Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)

CHAPTER

Using Pivots, You've Got the Stats on It.

I read in your bio that you were the stat god around. You've got stats on it. Well, maybe you didn't say that. I just said that. With pivots, they're absolutely excellent. If you look at some stats around it, then it's like a bell curve effectively. A lot of pivots now will give you fours and fives, some of them even sixes. The probability of going beyond an R3 is around about 5%. That's pretty similar across the timeframes from daily upwards.

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