Pivot Points.

[iwan]

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.

[rahul]

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

[amit]

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.

[jai]

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 .

[vineet]

bhaiya main jo indicator use karta hoon bollinger band moving average aur RSI main pivot point ke bare mein janna chahta hoon kya ye koi indicator hai agar ye indicator hai to iska use kaise karna chahiye. pls explain me

[twinkling star]

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 are very good points to enter the trade and exit the trade, but calculation is not as much simple as we think it is rather very complicated to calculate, so I will not suggest you or any body else to use it without knowing how to use them and how to calculate them, I think that some sites tell us these levels.

[rajesh]

Pivot points are often relied on by many traders in forex and even in stock and commodity market and give you adequate entry exit and stop loss levels , i have seen some free programs that can calculate these for you. Also online site can be used to calculate u just input Open, High, Low & Close. One site i used is pivotpointcalculator.com

[Abdomhadi]

so I have an idea and I hope it will be useful for you because if you want a perfect analysis and the idea of ​​negotiating in good then you should know where your pivot point and support and level of resistance. You must use the pivot support and resistance you the navigation tool. Most experts pivot point trading use, so I think it is very useful for trader.et better if we understood how it works.

[fxquest]

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.

[m3x_19]

I am using the charts to see what are the daily closing levels. Based on them i can identify the daily support and resistance levels and then acting on them i can trade in the markets when the time is correct and the trend is known to me.

So you are using traditional method to identifies support and resistence level, that is very good, i used them too but just to help my prediction, not my entry points, so what method do you used to know when the correct time to enter the market sir?