Pivot Points.

pivot point is a very good indicator and can be use for the breakout strategy and by using this indicator i earn lot of money .......
and its working is mainly depend on the resistance and the support levels

pivot point can indeed be used as a reference before we get into the market, which is the pivot point is the average of the form that occurs between support and resistance points within a certain time. but we also should not be made ​​as the main reference, because sometimes the prices continue to move past the limit when there is a very strong trend.

Very good information. I am using pivot points from 6 months and i have founded that pivot points really work and give very good clues about the support and resistance levels. If you add this tool with moving averages and MACD then the results will be very good.

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Originally Posted by ali1011

pivot point is very helpful singal it shows that limitation about rate if you see pivot points then you can guesd that rate fluctuation and you can guesd true analyses about you position .

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pivot point ko smajhna bahut zaruri hota hai traders ke liye kyunki is point ki madad se hum apni deals ko lock kar sakte hai
pivot pont ke stah support resistance ki theory use karni chahiye

Pivot Points work because The whole Pivot point trading technique is based on two main market concepts: existence of support and resistance. These two tendencies form the core of the market moves and therefore receive full attention from the vast majority of professional traders. Forex market reacts at these levels in a quite predictable manner, respectinging support and resistance levels and creating a lot of trading opportunities.

Pivots always help to determin the main range of the pair like with pivots we can decide about the middle, upper and lower level of pair so its really helpful when we trade with it.

Pivot points are also known as Support and Resistance levels and they are important levels in the market and a trader can perform good trades on the basis of same but they should not completely rely on them as Support and Resistance levels keep on changing in these markets .

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Originally Posted by alamayreh

We often hear some seasoned traders talking about an equity price nearing a certain support or resistance level. These levels are widely used to predict the market movement. How are these support and resistance levels derived? It is the use of pivot point. Although a full trading book may consist of many mathematics formulas and studies such as fibonacci arcs, gann fans, moving averages, and others, pivot point is still one of the commonly used strategies in the financial markets.

How to Apply Pivot Point Analysis

There are variations of pivot calculation. The most common used is the 5 point system that consists of Pivot Point, Support 1, Resistance 1, Support 2, Resistance 2. Some traders also go a step further to Support 3 and Resistance 3.

R2 = P + (H - L) = P + (R1 - S1)
R1 = (P x 2) - L
P = (H + L + C) / 3
S1 = (P x 2) - H
S2 = P - (H - L) = P - (R1 - S1)

S represent support, R represents resistance, P represents pivot point, H represents high, L represents low and C represents close.
Traditionally, stock traders use a 24-hour cycle of high, low and close. Because the extreme volatility in the forex market. Forex traders may use even shorter time intervals.

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yar muaja es povit point ke kauc zadia samaj nehi aya wasa thori boht to pata chala ga ha k povit point ka ha lakain main na ya pehale dafa suna ya para ha es laya mauja pehala es ka bara main knowledge nahi tha abi muaja es ka bara mian thori boht knowledeg ho ge ha .

Saying it frankly, i dont really understand or use piovot points much in trading, though i read many traders and EAs trade as per pivot signals and so they should work as effective support or resistance so it would be worth to trade on these levels.

pivot point is very helpful singal it shows that limitation about rate if you see pivot points then you can guesd that rate fluctuation and you can guesd true analyses about you position .