Pivot Points For Day Trading Forex Futures Trader...
Pivot points are support and resistance levels derived from the previous period's high, low, and closing values.
Pivot points are a popular tool used as support and resistant by futures traders in all sorts of markets, ranging from equity indices to crude oil. And, sure enough, pivot points are readily applied to trading forex futures.
There are a variety of pivot values with which to trade, including monthly, weekly, and daily values. You could even calculate hourly values. When determining which period to trade with, you've got to consider your time frame as an individual and your particular style.
Daily pivot points use as traditional support and resistance techniques for enter and exit trades. Here the formula to calculate day trading pivot values.
Pivot Point (PP) = (High + Low + Close) / 3
Resistance 1 (R1) = (2 x Pivot Point) - Low
Support 1 (S1) = (2 x Pivot Point) - High
Resistance 2 (R2) = Pivot Point + (Resistance 1 - Support 1)
Support 2 (S2) = Pivot Point - (Resistance 1 - Support 1)
New Amazon Standard
Candlestick and Pivot Point Trading Triggers + CD-ROM: Setups for Stock, Forex, and Futures Markets
Amazon Price: $50.40 (as of 10/11/2008)
The Scientific Approach to Hair Design
Amazon Price: (as of 10/11/2008)
The Scientific Approach to Color Design
Amazon Price: (as of 10/11/2008)
Great Stuff on eBay
Fetching new data from eBay now... please stand by
New Flickr Pictures
Stock Split Secrets by Darlene Nelson
Jeff Cooper Market Wizards Interview
Toni Turner Swing Trade Any Market
Sharemarket institute, Stephen Jennings, Complete Guide to Futures & Com...
Sharemarket institute, Stephen Jennings, Complete Guide to Futures & Com...
Oliver Velez, Greg Capra - Pristine Refresher Course
Sharemarket Iinstitute Mastering the Stock Market 4CD by Andrew Baxter
Investools Las Vegas Investor Conference 2006
Super Divergence Blueprint by Bill Poulos
FXCM Forex Course by Ed Ponsi
New Guestbook
Like this lens? Want to share your feedback, or just give a thumbs up? Be the first to submit a blurb!
New Make A List
New RSS: Add Your Own Feed
Fetching RSS feed... please stand byPivot Point Trading
New YouTube
New Wikipedia
Pivot point calculations are used by security traders to attempt to predict support and resistance levels. They are commonly used in the forex and commodity futures markets. Pivot point analysis is a subset of technical analysis, although it is not as popular or well known as other technical methods.
Pivot points are frequently used by foreign exchange traders as a means to calculate resistance and support levels which are, in turn, used as visual cues to execute trades. Pivot point calculations provide traders with objective visual bench marks which some use to predict price changes, although the validity of these levels is still subject to debate.
