POC for Stop Placement: I mainly use this when trading a sfp, but...
Luckshury@Luckshuryy
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Apr 23, 2025
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POC for Stop Placement:
I mainly use this when trading a sfp, but can be used in a variety of other situations, such as npocs etc.
Instead of placing a stop above/below the absolute pivot, I would place the stop just beyond the pivot candles POC, thus reducing my stop & increasing r.
From my journal, I found that if the price breached the POC, it was likely to take the absolute pivot and stop me out. Hence, using this makes more sense.
example ↓
I mainly use this when trading a sfp, but can be used in a variety of other situations, such as npocs etc.
Instead of placing a stop above/below the absolute pivot, I would place the stop just beyond the pivot candles POC, thus reducing my stop & increasing r.
From my journal, I found that if the price breached the POC, it was likely to take the absolute pivot and stop me out. Hence, using this makes more sense.
example ↓