Pivot points, a technique developed by floor traders, help us see where the price is relative to previous market action.Pivot Points: Pivot point is a level in which the sentiment of the market changes from “bull” to “bear” or vice versa.
Showing posts with label Pivot Calculator. Show all posts
Showing posts with label Pivot Calculator. Show all posts
Thursday, January 21, 2010
Pivot points
Pivot points, a technique developed by floor traders, help us see where the price is relative to previous market action.
Why use Pivot Calculator ?
They are a long proven, reliable, widely used predictive tool that helps take a lot of the guesswork out of determining exactly where and when to enter or reverse a market position.When entering a basic simple entry, Pivot levels help to you determine in what direction you should go. And they will go a long way to calm fears when trading in real cash.
Pivot Calculator
There are many ways to find support and resistance price levels, but one good and fairly easy to use "Pivot Points".You find them using a "Pivot Calculator"
Pivot Points:
P = Pivot
R1 = Resistance level 1
S1 = Support level 1
R2 = Resistance level 2
S2 = Support level 2
R3 = Resistance Level 3
S3 = Support Level 3
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