Pivot Points.

[terajana]

many traders will use the area as the basis of the pivot point position in the trading decision. some will use it to put a stop point lose or take profit in the same area ..

[sasa0220]

pivot point is a very important tool to identify the support and resistance levels. we can trade when the price break from S1/R1 level or S2/R2 level. We can use a better signal bu using Fibonacci pivot point and resistance levels

[rmostak]

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.

Pivot points is a popular method to maintain buy and sell signal . trader use lot of pivot points to select the reserve point. Different section of pivot points. price up on pivot points the market go up price down on pivot points then market go down. support level is S1,S2,S3 and pivot points is down side.

[ForexMarket]

Thank you for your sharing, this is very basic knowledge about forex market. anypeole join this market know that. But pivot points is very useful for traders, there are a lot of traders follow this point to sell or buy order.

[taufiqbd]

Pivot point is very much important in forex trading. To technical analysis pivot point help to identify the support and resistance point. For scalping trading pivot point is very necessary analysis for make regular profit.

[kissshore]

PP trustworthy points because many individual traders and investors use and trust them, as well as bank and institutional traders..! It is known to every trader that the pivot point is an important measure of strength and weakness of any market..!

[kalponick]

Without knowing those levels from where your trade can reverse is like trading blindly... You must need to know the pivot points in your chart so that you can plan your trades according to those levels.. and prepare for the future moves.. Those levels will not just help you to protect your money but also they can give you good profits..

[ayakcalysta]

I also use Pivot points calculator, but i use pivotpointcalculator.com for this. It is good to open the trade seeing the where the price near R or S. pivot point is very essential for every traders who want to do real business in forex as it is the most popular learning source now a days.

thanks for the information you have provided, I feel that the information you provide is very useful for traders, especially for the novice trader. for novice traders still minimal with information and experiences on the forex business. thank you

[mhchomsi]

Pivot point is a magnet price will always be covered by the price movement that day, too. Custom price will always touch the pivot points. Therefore why pivot points is often referred to by market participants as the price of a magnet

[julianambas]

Pivot point is a price point that is obtained by dividing the lowest price plus the highest price that occurred yesterday. So will the middle price to get trading today. If the open price is today under price pivot points possibly price will close to the pivot point. After that the price will move where market direction.