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Pivot point the holy grail ????
Anggota Sejak Nov 21, 2011
1718 pos
Oct 24, 2014 at 14:50
Anggota Sejak Feb 21, 2013
4 pos
i'm using pivot point weekly
trading is the art of managing risk
Anggota Sejak Jun 09, 2014
138 pos
forex_trader_212033
Anggota Sejak Oct 14, 2014
61 pos
Oct 27, 2014 at 07:55
Anggota Sejak Oct 14, 2014
61 pos
same here @jesienoor i think they are very powerful in weekly timeframes but bro i have one doubt
Anggota Sejak Jan 15, 2014
30 pos
Nov 16, 2014 at 08:14
Anggota Sejak Jan 15, 2014
30 pos
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.
Anggota Sejak Jun 09, 2014
138 pos
Anggota Sejak Jan 15, 2014
30 pos
Nov 17, 2014 at 09:50
Anggota Sejak Jan 15, 2014
30 pos
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
Anggota Sejak Oct 14, 2014
61 pos
Nov 18, 2014 at 08:20
Anggota Sejak Oct 14, 2014
61 pos
@CrazyTrader bro are pivots the main basic of your trading??
Anggota Sejak Nov 21, 2011
1718 pos
Nov 18, 2014 at 18:22
Anggota Sejak Nov 21, 2011
1718 pos
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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