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malacha101
08-11-2014, 09:40 AM
The pivot technique consists of five basic arithmetic and algebraic formulas and is founded in the very basis of technical analysis. a first formula, which provides the daily pivot, requires you to identify the previous day's high, low and closing (or settlement) price in any futures market. You must add these three figures together and divide the sum by three. This is known as the daily pivot. a daily pivot is used in all four of the other formulas that make up the pivot technique and is given the most emphasis when used in day trading.

The idea here is that you want to be long above the pivot and short below the pivot. However, the essence of day trading the pivot lies in going long when the market violates the pivot in a bull rally and going short when the market violates the pivot in a bear break or downward move. is how active day
traders use the pivot. And of course, the first time the pivot is violated on the upside or downside is most important. It is given less weight (that is, less attention) the more often it is violated throughout the trading day. The other four formulas of the pivot technique provide two support levels in the market below the pivot and two resistance levels in the market above the pivot. The five pivot technique formulas are as follows:

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Figure 1 is an example of a market on the first day with a high of 50, a low of 40 and a closing price of 48 and calculating the next day's pivot point, support levels and resistance levels. The pivot point would be 46, S1 is 42, Rl is 52, S2 is 36 and R2 is 56. Figure 2 is the Juli S&P 500 contract with the next day's
pivot points, support levels and resistance levels plotted based on the previous day's range and closing price. Now let me explain the ways I use each of these numbers in my trading.

The essence of day trading the pivot lies in going long when the
market violates the pivot in a bull rally and going short when the
market violates the pivot in a bear break or downward move.


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USDCHF Signal for TOday 11Agus2014

Buy 3 Target (Srong Buy) @0.9102
Buy 2 Target (Price Retreacment) @0.9091
Buy 1 Target @0.9077
Buy Area @0.9067
Pivot Level @0.9055
Sell Area @0.9042
Sell 1 Target @0.9031
Sell 2 Target (Strong Sell) @0.9020
Sell 3 Target (Price Retreacment) @0.9007

malacha101
08-12-2014, 05:51 AM
RESISTANCE LEVEL
RS level 1 (R1) is the second formula of the 5 that make up the pivot technique. called that Rl
= (2 times pivot) - Previous day's low. is the first level where we would expect the market to meet
resistance in a bull rally; this is where the first selling should appear in a rallying or up market, and it
would be our profit objective if we got long at or just above the pivot point.

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USDCHF Signal for 12Agus2014

Buy 3 Target (Price Reversal) @0.9095
Buy 2 Target (Strong Buy) @0.9082
Buy 1 Target @0.9077
Buy Area @0.9072
Pivot Point @0.9066
Sell Area @0.9058
Sell 1st Target @0.9050
Sell 2nd Target (Strong Sell) at 0.9039
Sell 3rd Target (Price Retracment) at 0.9029

malacha101
08-13-2014, 11:52 AM
Now, the market can (and does) penetrate resistance points, but this is the first level of resistance. So weuse a trailing stop-loss order to protect the long position that we initiated at the pivot point and the marketmet resistance @R1, we could sell out for long position for a profit and then cancel our stop-loss order.

malacha101
08-14-2014, 06:42 AM
However if the market violated the R1 figure, we would move our stop-loss order to just above the R1 figure to maintain our long position and gain more profit. (Resistance numbers 0,1,3,5,7,10 etc tend to become support numbers once they are violated.)

malacha101
08-15-2014, 09:56 AM
SUPPORT LEVEL 1


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next formula in the pivot technique is support level 1 (S1). you may have guessed, this is the first level where you would expect support or buying to come in to a breaking or downward market. is
calculated as follows: (2 times pivot) or 3Times- previous day's high = S1. If we get short the market when it violates the pivot in a downward move, our profit objective would be support level 1 (S1). again, we would trail our stop-loss order in case the market turned around.

malacha101
08-15-2014, 12:19 PM
USDCHF Signal for 15 August 2014

Buy 3 Target (Srong Buy) @ 0.9116
Buy 2 Target (Price Retreacment) @0.9099
Buy 1 Target @0.9088
Buy Area @0.9074
Pivot Level @0.9065
Sell Area @0.9053
Sell 1 Target @0.9046
Sell 2 Target (Strong Sell) @0.9029
Sell 3 Target (Price Retreacment) @0.9016

malacha101
08-16-2014, 02:51 PM
know the support level is importabt point in forex trading, if you not know hwta is support level, you can't know how to trade forex in support or resistence level. so learn for it is important.

malacha101
08-16-2014, 06:50 PM
If our stop-loss order was elected, we would still protect some profit. so if the market continued
downward and met support at the S1 level, we would take our profit and cancel our stop-loss order. If the market continued downward and violated support level 1 (S1),

tigertank
08-16-2014, 07:11 PM
owwhh is great I can know the pivot point learning in here, I really need to know more about pivot point becaues eI have hear from my friend this indicator can help you to trading with profitbale.

malacha101
08-16-2014, 07:42 PM
Pivot point is usefull indicator for calculation the midle/between support and resistence indicaotor so from here you can know how to use it on maximize prediction trend movements.

tigertank
08-17-2014, 02:24 PM
Pivot point is usefull indicator for calculation the midle/between support and resistence indicaotor so from here you can know how to use it on maximize prediction trend movements.

I know this indicator function my firen I hope can use this indicator with maximum capacity and can get the benefir from this indicator, but I think this indicator is important tool in forex trading.

malacha101
08-18-2014, 03:07 PM
we would move the stop-loss level order to just below support level 1 (S1), because support levels tend to become resistance levels once they have been violated. the market continues to move downward, we would continue to move our stop-loss order down to protect more profits.

malacha101
08-19-2014, 06:50 AM
RESISTANCE LEVEL
Is next formula in the pivot technique is resistance level 2 (R2). for complete this number, take the pivot- (S1- R1) = R2. Resistance level 2 is the last point you would expect resistance to come into a risingmarket. That is, we don't want to be short when the market violates R2.