Pivot Point Extra Indicator for ... - FX Trading Revolution

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Forex_News_Trading

I am a Professional trader, analyst and strategist since late 90s. I am successful trader with more than years of experience in Forex and commodity trading. I like to try and help others to learn to trade by providing valuable knowledge about market fundamentals, technical analysis, and Forex trading profitable strategies. My main trading strategy is News Trading, firing trades as the economic data is released.
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Algorithmic Trading

A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. Feel free to submit papers/links of things you find interesting.
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Pivot Points winning trading strategy Reddit (Forex & Stocks)

Pivot Points winning trading strategy Reddit (Forex & Stocks) submitted by kayakero to makemoneyforexreddit [link] [comments]

Pivot Points winning trading strategy Reddit (Forex & Stocks)

Pivot Points winning trading strategy Reddit (Forex & Stocks)

Pivot price trading strategy

This trading technique was developed based on what is known as pivot prices and makes almost no use of indicators. As any system is not fail-safe and must first be evaluated in a demo account by the trader.
It is the development of a particular trader who shared it in a forum, so it may have its limitations. It is included in this article for educational purposes as I think it has some interesting ideas.
1. To begin with, the author makes the premise that when analyzing a daily chart, price tends to move from one key point as a round number to the next by about 500 points. In this way you have a structure similar to a network in the graphs which shows horizontal lines at 500 and 1000 points. We can say that these constitute the main horizontal lines. Likewise, we can divide each area of ​​500 points and place lines smaller than 250 and 125 points. For example, if we have GBP/USD, we can define 1.5000 , 1.5500 and 1.6000 as main lines, and between these we can mark 1.5125, 1.5250, 1.5625, 1.5750 and 1.5875.
2. In the weekly charts we define our preference regarding the possible price movements for the following days, however a lot can happen in a week, therefore it is recommended to be quite flexible regarding the conclusions. The daily charts tell us the story of now. On the weekly charts we are looking for a candle that is moving counter to the general trend from the main lines we drew earlier, or a candle that has closed above/below some of these main lines.
3. Now, what we need to look for are convincing pivot prices (not pivot points) that signal a possible short-term trend change. The important thing in this case is to be able to enter the market at the right time. The following image shows the structure of those pivots up and down:
https://preview.redd.it/w8n3d4or2lp91.png?width=281&format=png&auto=webp&s=8da0cad924256ad144c8d2a779473329da76d048
The pivot price is fully confirmed until the third candlestick (confirmation candlestick) closes.
In this way, a long position on a pivot low formed in a downtrend can be opened at the opening of the fourth candlestick, however it is also recommended to wait for a good pullback on the move from the pivot to the top of the candlestick. of confirmation. In this way, we avoid entering a position where we can get caught in a pullback which may actually be a continuation of the trend.
Likewise, the author of the strategy states that he usually trades in more than one pair at a time, because when pivot prices appear in one pair, they usually also do so in others simultaneously.
Therefore, to open a long position, do the following:
  • Place Fibonacci retracements from the pivot low to the high of the confirmation candle.
  • Next, open a 1 hour or 30 minute chart and wait for another pivot price that looks promising.
  • Once that combination is obtained above the 61.8, 50.0 or 38.2 Fibonacci retracement levels, the position is opened at market price on the fourth candlestick. You can also enter the market in the area formed by the 61.8-100 levels if an interesting pivot price is formed.
All this allows entering the market at the best possible price with a smaller stop than can be obtained during the opening of the daily candlestick. Of course, sometimes the price just shoots up from the open. In these cases we MUST NOT chase price no matter how promising the market looks. It is best to wait for the setback.
*Note: The discussion in this Point 3 is for low pivots , however the exact opposite procedure can be applied for high pivots .
4. To confirm the signals, some indicators can also be used, such as the following:
  • 1 5-period EMA at close.
  • 1 EMA of 10 periods at the close.
  • 1 EMA of 200 periods at the close.
  • RSI of 14.
In this case, I recommend the RSIbecause it is an indicator that tells us a lot about price action. We can use it to identify trends, confirmation of entries and based on divergences with the price of the analyzed asset, which are generally quite reliable signals.
Many traders have grown to love the RSI and prefer it over other technical indicators. For example, in a bull market, the RSI will fluctuate between 40 and 90 and retrace to the 40-50 zone (on market corrections) where it normally finds support and then continues its upward trend.
The opposite is true for a bear market where the RSI fluctuates between 10 and 60 with the 50-60 zone acting as resistance. There are actually multiple ways to use the RSI, but we can use the ones mentioned above quite successfully.
5. Stop Loss and Take Profit. For a bullish position, we recommend a stop loss placed 10 pips below the daily pivot low (Pivot Low) and if the price moves in our favor we can move the stop to the low of each subsequent daily candle following the successful entry.
Likewise, we can put a Take Profit target on any of the Main Lines that we defined in Point 1, depending on the price action. The opposite procedure applies for bearish positions.
Actually, when it comes to Taking Profit, it depends on the personal preference of each trader. Some probably prefer to stay in position as long as possible while others are probably more cautious and close their positions at the slightest adverse signal from the market.

Pivot Points Example

Below is an example where the principles presented above are explained:
https://preview.redd.it/ug22h8fy2lp91.png?width=1274&format=png&auto=webp&s=a6a6145a12e7c307ff733888eeb7f8e3a51f0c2e
In this daily chart for June 2011 for the EUUSD, we see the formation of a pivot price plus a confirmation candle that tells us that there is a good chance that the price will fall. In this example, a bearish position was opened on June 9 with a stop loss 10 pips above the pivot high on June 7. The opening of this position was made based on the following 1-hour chart:
https://preview.redd.it/9y45fcf23lp91.png?width=1024&format=png&auto=webp&s=6ba56b70994758bb0201651fd73481a240906c18
Now, on the 1 hour chart we draw Fibonacci retracements as detailed in point 3 and wait for the price retracement to occur, which stopped precisely at the 61.8 level from which it began to fall sharply. We wait for a pivot high and confirmation candle in that area. In this case, the pivot high on the 1 hour chart was generated logically in the same direction as the daily pivot high.
The position was opened at the open of the 9am GMT candlestick. The trade is allowed to continue and one can even consider increasing the position size if there is a retracement to the still valid pivot high . The following graph marks the area (light blue rectangle) in which we can try to add to the current position.
Note that new Fibonacci retracements (green lines) have been drawn using the new low formed by the fall in the price of the EUUSD, which occurred shortly before opening the short position in the market.

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Pivot Points Different Time Frames Secret Trading Strategy Real Entry Forex Trading

Pivot Points Different Time Frames Secret Trading Strategy Real Entry Forex Trading submitted by Heartyfuenteso4v to u/Heartyfuenteso4v [link] [comments]

Forex trading indicator: pivot point indicator

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Day Trading Strategy For Pivot Points Traders (Forex Trading System For ...

Day Trading Strategy For Pivot Points Traders (Forex Trading System For ... submitted by TheAcademyofForex to u/TheAcademyofForex [link] [comments]

Is it necessary to follow a particular strategy(or make one) in forex trading? Cant we just make some good gains with support resistances, Chart patterns, Candlestick patterns and fundamentals?

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Free Tutorial - Pivot Point 2 strategie trading per tutti

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pivot point trading strategy | Intraday magic for bottom buying top selling

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Pivot Point Strategy !! Secrets Of Pivot Point Trading || Intraday Strategy !! Abhishek Rawat

Pivot Point Strategy !! Secrets Of Pivot Point Trading || Intraday Strategy !! Abhishek Rawat submitted by emadbably to OptionsInvestopedia [link] [comments]

What Is The Pivot Point Forex Trading System?

The pivot point Forex trading system is a technique used in forecasting the movement of currencies in the foreign exchange market. In general, pivot points refer to mathematically calculated places of price support and resistance. And, the pivot point strategy makes use of trend hypotheses to the pivot points to forecast the direction the market is likely to take.
For instance, if EUUSD closing price of 1.1362 is below a price average of 1.1365, and the previous day’s close was also 1.1365. This means that today’s closing price has moved lower than the pivot points where support is formed around the prices moving average. If you want to trade this drop through the pivot point, you would probably enter a sell order on the currency pair.
The pivot point Forex trading system is a very beneficial strategy for trading currencies. Importantly, it provides traders with an idea on spotting profitable trading opportunities. The pivot point Forex trading system gives a mathematically derived sense of order so as to assist traders in knowing where to place their trades in the market.
To put plainly, it helps in recognizing patterns as well as price movements in order for traders to make profitable decisions faster. In most instances, those patterns are drops and rises below and above significant price areas. These price areas may be pivot points, support levels, or resistance levels.
When used in trading, traders usually watch the price movement all through the day and execute trades according to the indications given by the pivot point system. Even though the pivot point system is primarily used for trading currencies in the short-term, it may also be used for identifying long-term trade opportunities.
Several methods are available for calculating pivot points. One of the simplest methods is called the Average Price Method. It involves calculating the previous day’s average price by adding the high, low, and close prices. And, the result is then divided by three to find the average. When this method is used for trading, traders usually look if the next day’s price moves above or below this level in order to establish a pivot point and identify potential trade opportunities.
In conclusion, the pivot point Forex trading system is a useful strategy for trading currencies. Nonetheless, just like any other strategy, it should never be used in isolation. If combined with other strategies such as fundamental analysis, it can be very profitable.
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Traders riding on Pivot point indicator , how do u combine that to your trading strategy - most traders out there claiming that it’s helpful mostly as (R-S) sign but I’m sure there is more to this indicator ? what do you think ?

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What is the best way/strategy to trade on news in forex market

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Is it necessary to follow a particular strategy(or make one) in forex trading? Cant we just make some good gains with support resistances, Chart patterns, Candlestick patterns and fundamentals?

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Strategy Bootcamp - Forex Factory - Davit Pivot Trading 2020

Strategy Bootcamp - Forex Factory - Davit Pivot Trading 2020 submitted by ForexMilitia to u/ForexMilitia [link] [comments]

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Pivot Point là gì? Cách sử dụng Pivot Point trong Forex

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up 13.10% this week. i'll probably break even next week. started trading forex mid march of 2018. took me a long time to figure out my strategy. Was down almost $1k at one point now im $64 from breaking even. shyt success is almost at hand...

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How to Use Pivot Points in Forex and Stock Trading?

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Simple and Strong Forex Swing Trading Strategy in the world ($19.99 to FREE)

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My FAVOURITE Trading Strategy - THE POWER PIVOT - YouTube Mastering Pivot Points In Your Trading Urban Forex - YouTube A powerful Pivot Point trading strategy - YouTube Pivot Points: What They Are and How to Trade Them Part 1 ... HOW TO USE PIVOT IN TRADING - YouTube Episode 313: How To Trade Pivot Points Like A PRO Forex ... Pivot Point Trading Strategy Forex Day Trading System ... How to Day Trade with Pivot Points Step by Step - YouTube How to use pivot point in intraday trading - Daily 100 ... 4 Hour Pivot Point Strategy ⛵ - YouTube

Pivot points were initially used on stocks and in futures markets, though the indicator has been widely adapted to day trading the forex market. Pivot points have the advantage of being a leading indicator, meaning traders can use the indicator to gauge potential turning points in the market ahead of time. It is also possible to use the indicator very effectively in a conjunction with other forex indicators or trading system .Especially placing Stop-Loss or Profit-Target levels based on the Pivot Point indicator is usually a very good idea, because a price reverses from support (S1, S2, S3) and resistance (R1, R2, R3) levels very often and very accurately. Pivot Point Binary options Strategy is a trading system that basically follows a trend following approach.While the system might look a bit complicated, it is in fact a very simple trading strategy and with enough practice, traders will find this to be a simple and easy binary options strategy. This Forex Intra Day Pivot Robot is designed to search for daily trading opportunities ONLY WITHIN THE FIRST & SECOND PRICE LEVELS – below the Resistance Level 2 (R-2) and above the Support Level 2 (S-2). Settings Descriptions Transience – This is the period for trade decision making in the specified time frame of the price chart. Entering a Zero (0) value means that the ‘said’ time ... The Pivot Point Bull Strategy is a forex strategy being applied to binary options. This strategy tries to predict short-term market direction utilizing Pivot Points. This strategy is not reliable and produces numerous losing trades. It is not a recommended strategy for newbies or expert traders of any type. The Pivot Point Point Bull Strategy: Unreliable and pretty Tricky to deploy. The pivot ... Binomo is another innovative binary options broker with more focus on client support by providing good trading terms, analytical support and client support. Let us look intodetail some of the features Binomo Binary Options broker offers. Traders, What you think about “Binomo ” ? Your opinion is VERY important to us. A day trading pivot point strategy can be fantastic for identifying and acting on critical support and/or resistance levels. It is particularly useful in the forex market. In addition, it can be used by range-bound traders to identify points of entry, while trend and breakout traders can use pivot points to locate key levels that need to break for a move to count as a breakout.

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My FAVOURITE Trading Strategy - THE POWER PIVOT - YouTube

FREE ORDER FLOW COURSE: http://bit.ly/2uGAQ2V Free Trading Course: http://bit.ly/2PBGwlT A fun fact about pivot points is that they originated from floor... Pivot Points are a popular indicator that many Forex traders will use in addition when price action trading. But knowing how they work and how to use them co... Welcome to the 10,000 Trades Show! You know I love pivot points and today I have another one for your review. I will show you how to identify this trade, whe... All about Trading in Forex and Binary Option Marked. HOW TO USE PIVOT IN TRADING ----- Download link for Pivot Point Extra Indicator for MetaTrader 4... My live trading room, weekly trade alerts and premium courses: https://www.tradeciety.com/masterclass/ Risk Disclaimer: https://www.tradeciety.com/risk-d... Want To Know My FAVOURITE Strategy To Trade? Check This Out! Check Out My FREE Webinar, The "Insider" System To Make A Killing With Forex - https://bit.ly/3... 4 Hour Pivot Point Strategy http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Combin... Pivot Point Trading Strategy Indicators and Template Download - https://app.box.com/s/pyxxhiv36tnpic7nl5vr0drup2cdqbdx Download All My Indicators FREE - http... Pivot Points. http://www.financial-spread-betting.com/academy/Spread-betting-trends.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! In this video we... how to use pivot point in intraday trading - Daily 100 PipsThe pivot point bounce trading system uses a short-term time frame and the standard daily pivot point...

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