Read The Full Article At - Forexsig.com's Forex Education Blog
Pivot points are one of the most essential aspects of many trading strategy & understanding them will make a huge difference in your Forex results. A pivot point is easily defined as "the level at which the market direction changes significantly for the day"
These pivot points are very important support & resistance levels & they are characterized by important changes or shifts in a trend.
Everyday you trade Forex, the market has a high, low & close for the day, you can utilize these previous bars (levels) to predict the support & resistance levels on future bars...more info
Please visit our sponsors
Results 1 to 4 of 4
-
05-05-2010, 02:29 AM #1
- Join Date
- Apr 2010
- Posts
- 188
- Feedback Score
- 0
- Thanks
- 0
- Thanked 0 Times in 0 Posts
Utilizing Pivot Points Effectively In Forex
Best FX Trading System - Accurate, Professional Signals, Click Here!
100% Automatic Forex Trading Signals!
Start Making Money in 10min!
-
Sponsored Links
-
08-05-2010, 10:40 PM #2
- Join Date
- Apr 2010
- Posts
- 188
- Feedback Score
- 0
- Thanks
- 0
- Thanked 0 Times in 0 Posts
Anyone have an opinion on this?
Best FX Trading System - Accurate, Professional Signals, Click Here!
100% Automatic Forex Trading Signals!
Start Making Money in 10min!
-
10-05-2010, 07:20 AM #3
- Join Date
- Jul 2008
- Posts
- 315
- Feedback Score
- 0
- Thanks
- 0
- Thanked 0 Times in 0 Posts
Pivots are almost as good as trendlines, monthly on the daily chart, weekly on the 240 and 60 minute charts and daily on the lower time frame intraday charts!
If you like to know whether you are trading into a strong resistance or support area, pivots fulfills the purpose.
-
10-05-2010, 11:51 PM #4
- Join Date
- Dec 2008
- Location
- LendersClubOnline.com
- Posts
- 1,060
- Feedback Score
- 0
- Thanks
- 0
- Thanked 9 Times in 9 Posts
Pivot points are one of the keys to many trading strategies, understanding how to use them is a good step to becoming a successful Forex trader.
-
Sponsored Links
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
24 Hour Gold
Advertising
- Over 20.000 UNIQUE Daily!
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.
- Get Maximum Exposure For Your Site!
- Get QUALITY Converting Traffic!
- Advertise Here Today!
Out Of Billions Of Website's Online.
Members Are Online From.