- Building dynamic trading strategies with TraderJanie - Better System Trader
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Pivot Points
There is no default order type for either the target or stop loss, but for the DAX and usually for all marketsthe recommendation is a limit order for the target and a stop order for the stop loss. Though it depends on the market, the following probabilities are generally reported in terms of how likely price is to close the trading day above or below the following levels:

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