Pivot Levels for Trading

On Monday, I posted the chart below of the intraday action in shares of $AAPL I observed that traders should be aware of the intraday pivot levels when they are trading.

PivotsAAPL

What I didn’t expect was the number of emails I received requesting more information about how to calculate pivot levels and how to interpret them. Fortunately I created the short tutorial below. You can access the pivot calculator referenced in the video HERE

Pivot Levels Calculator from brian shannon on Vimeo.

Here is a trade I recorded about using the pivot level along with other levels to enter a trade.

It’f funny to see the facial hair, I haven’t had it like that in over a year!