T2W Bot

Staff member
1,498 115
The Pivot point system is a technique developed by floor traders, to help ascertain where the price is relative to previous market action. It can be classified as a technical indicator derived by calculating the numerical average of the high, low and closing prices, of any currency / index / stock etc.
A look at market movement tells us that price always fluctuates between a level of support and a level of resistance. Properly identifying key support and resistance levels can improve the ability to enter, exit, and manage your trades.
The pivot point is a level at which the sentiment of the market changes. It can tell us where the sentiment of traders and investors changes, from bull to bear or vice versa.
The main advantage of this technique is that it is price-based as opposed to indicator-based. By the time most indicators generate a signal, the move is already well under way. By following this system, one can get into a trade before the indicator-following traders, and be...

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crabbydog

Junior member
35 1
This is just an ad for a paid-for service, not an article at all. It says nothing that hasn't been said before, except the bit about proprietary indicators.
 

nkruger

Established member
855 76
A thinly veiled corporate advert ! Is this allowed ? Oh, and some pretty groundbreaking stuff on Pivot Points. Always wondered how they work .
 

just_pondlife

Junior member
18 0
Im new to tradinig, so some good info on something i know very little about, but know a bit more about now.. Thanks
 
 
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