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Pivot point the holy grail ????
Membre depuis Nov 21, 2011
posts 1718
Oct 23, 2014 at 20:52
Membre depuis Nov 21, 2011
posts 1718
Off course they are... easy to locate and very powerfull signals to follow.
I do talk about Daily Key Level.
I do talk about Daily Key Level.
Oct 24, 2014 at 14:50
Membre depuis Feb 21, 2013
posts 4
i'm using pivot point weekly
trading is the art of managing risk
Membre depuis Jun 09, 2014
posts 138
forex_trader_212033
Membre depuis Oct 14, 2014
posts 61
Oct 27, 2014 at 07:55
Membre depuis Oct 14, 2014
posts 61
same here @jesienoor i think they are very powerful in weekly timeframes but bro i have one doubt
Membre depuis Jan 15, 2014
posts 30
Nov 16, 2014 at 08:14
Membre depuis Jan 15, 2014
posts 30
Pivot points are good sometimes but I consider them the weaker indicators. Its best to use it in conjuction with an overbought/oversold Fib ratio and compare MNTH, WEEK, DAY pivot points. Pivots are not good alone. Many times they are right on and other times they are off.
Membre depuis Jun 09, 2014
posts 138
Membre depuis Jan 15, 2014
posts 30
Nov 17, 2014 at 09:50
Membre depuis Jan 15, 2014
posts 30
I would use them to give you an idea of where th market could go. But I would match it with an Golden section 1.618 phi or a Golden section 2.618 Phi.
The 'idea' is the key. Just an idea. AND/OR use as an intraday indicator anyalize the market movements or to add lots or to know where to put stops thiss kind of thing.
Its value is also that its not Fib related. Its a leading indicator but its a reliable unreliable indicator. just my humble thoughts.
The 'idea' is the key. Just an idea. AND/OR use as an intraday indicator anyalize the market movements or to add lots or to know where to put stops thiss kind of thing.
Its value is also that its not Fib related. Its a leading indicator but its a reliable unreliable indicator. just my humble thoughts.
forex_trader_212033
Membre depuis Oct 14, 2014
posts 61
Nov 18, 2014 at 08:20
Membre depuis Oct 14, 2014
posts 61
@CrazyTrader bro are pivots the main basic of your trading??
Membre depuis Nov 21, 2011
posts 1718
Nov 18, 2014 at 18:22
Membre depuis Nov 21, 2011
posts 1718
xdj3richo posted:
@CrazyTrader bro are pivots the main basic of your trading??
To me, what I call key level is where you sucpect market to react from there.
I would say that my basic is Price Action... Charts tell you where market is going.... then it crosses some key level or not... giving you confirmation point on main trend.
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