How We Can Find Out The Pivot Point

[mahi218]

jesay he hum is business me kuch new strategies ko samjh lena shuru kar detay hotay hain usi wakat k sath sath hume or zyada say zyada or behter say behter response mill sakta hota hai yaha pay sub worker he achay trader kehlana chahtay hotay hain or yeh hum pay khud pay he depend karta hai k hum iya kuch kar saktay hain.

[Fatehpuri]

Dear apne buhat hi achi strategy share ki ha jis me hum jaise newbies ko pivot points k bare full detail k sath batia ha kh kaise hum apne pivot point ko support aur resistance k tehat bana sakte hian aur next margin kahan se kahan tak jay ga aur next margin hum kaise le sakte hian apki calculations b buhat hi best forumula ha.

[Muskan]

always try to open their trade by following the Indicators and most of the newbies use RSI MACD Accelerator Oscillator support and resistance option is very good because its easy for all type of the members of the Forex community to read and follow these tips about the support and resistance level

[Rehman12]

your thread for the support and resistance option is very good because its easy for all type of the members of the forex community to read and follow these tips about the support and resistance level of the forex market

[fxcareer]

Pivot point naye trader ke liye bahut helpful saabit ho sakta hai kyoki yeh potential profit taking zones hoti hai long aur shorts dono ke liye aur long term ke liye yeh sach mein bahut achi strategy saabit ho sakti hai agar aap proper risk management tools ko apni trading ka hissa bana le.

[smmehedi]

Most of the New Forex traders are always try to open their trade by Following the Indicators and most of the newbie’s use RSI , MACD , Accelerator Oscillator etc. But I think if they can find out the pivot point and use this in their trade then it will be better than those Indicators. So in below I described how to find out the Pivot Point and How to open a trade by depending on Pivot Point.

Fundamentals about Pivot Point

For Finding the Pivot Point we need to identify two major things with H1, H4, and D1 time frame.
Such as -

1. Support
2. Resistance

For identifying the value of Support and Resistance we need to aware about some things and those are-

1. What is the High price of Previous day
2. What is the Low price of Previous day
3. What is the Closing price of Previous day

Mathematical Calculation of Pivot Point

P.P. = Pivot Point
R1 = Resistance level One :: S2 = Support level Two
R2 = Resistance level Two :: S1 = Support level One
R3 = Resistance level Three :: S3 = Support level Three
So now the Pivot Point will be …

Pivot Point = (Previous Day High Price + Previous Day Low Price + Previous Day Closing Price) / 3

Calculation of Resistance 1 and Support 1 ( R1 & S1 ) :

R1 = (2 x P.P.) – Low price of Previous Day
S1 = (2 x P.P.) – High price of Previous Day

Calculation of Resistance 2 and Support 2 ( R2 & S2 ) :

R2 = (P.P. – S1)+ R1
S2 = P.P. – (R1– S1)

Calculation of Resistance 3 and Support 3 ( R3 & S3 ) :

R3 = (P.P. – S2) + R2
S3 = P.P. – (R2– S2)

Market Prediction based on The Pivot Point :

Now after finding the Pivot Point if we see that the market Price is above of P.P. (Pivot Point) then we can predict that the market is uptrend and if the market price is below than the P.P. then we can Predict that the market is downtrend.

Pivot Point with Bearish Movement

Pivot Point with Bullish Movement