Advertisement
Pivot point the holy grail ????
Oct 23, 2014 at 14:23
1,098 Views
10 Replies
forex_trader_212033
Member Since Oct 14, 2014
55 posts
Oct 23, 2014 at 14:23
Hii traders , i wanna know what you think about importance of pivot points and if they really are worth it ?????
Member Since Nov 21, 2011
1601 posts
Oct 23, 2014 at 20:52
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.
Member Since Jun 09, 2014
134 posts
Oct 27, 2014 at 07:52
No, holy grail it is not, but it is very useful information at times.
forex_trader_212033
Member Since Oct 14, 2014
55 posts
Oct 27, 2014 at 07:55
same here @jesienoor i think they are very powerful in weekly timeframes but bro i have one doubt
Member Since Jan 15, 2014
29 posts
Nov 16, 2014 at 08:14
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.
Member Since Jun 09, 2014
134 posts
Nov 17, 2014 at 07:47
Basically what you said Species is they are worthless. "Many times they are right on and other times they are off."
Member Since Jan 15, 2014
29 posts
Nov 17, 2014 at 09:50
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
Member Since Oct 14, 2014
55 posts
Nov 18, 2014 at 08:20
@CrazyTrader bro are pivots the main basic of your trading??
Member Since Nov 21, 2011
1601 posts
Nov 18, 2014 at 18:22
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.
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.
