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Thread: predict the market throught pivot

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    pivot point is a useful tool for trading forex.one can predict the market throught it.But some other data are required to calculate the pivot point.
    such as high,low ,close etc.

    forex trading is very profitable as well as risky.what will be the right strategy to invest in forex
    Last edited by FXOjafar; 10-12-2008 at 08:25 AM. Reason: postbuilding

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    i dont use pivot points rather than this i use fractles!!
    but still pivot points are help full..

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    Quote Originally Posted by soumyakhatri View Post
    i dont use pivot points rather than this i use fractles!!
    but still pivot points are help full..
    I know about Pivot points ...
    and what do u mean " fractles!! "
    I never heard that term ...
    ( have searched in search engine for that word )
    sorry for my bad english

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    Quote Originally Posted by soumyakhatri View Post
    i dont use pivot points rather than this i use fractles!!
    but still pivot points are help full..
    what is fractles and how you use it.

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    I think it's just a typo, soumyakhatri meant FRACTALS, that's why your search engine could not find the word

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    Nice post.its really helpful to me in forex trading and maketing.

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    Market Maker dr.stre55's Avatar
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    pivot is very profitable for intra day trading.......u can put an order for buy above it by 20 pip & order for sell below & got 20 point safely

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    Quote Originally Posted by dr.stre55 View Post
    pivot is very profitable for intra day trading.......u can put an order for buy above it by 20 pip & order for sell below & got 20 point safely
    I agree with you on this point but i must say that no one can predict the market 100% so we can't say that we will surely make 20 pips per day and i must say that if a trader can make 20 pips per day then its really a good level of profit.

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    I basically consider support and resistance points and pivot point is quite essential for placing the trades. Based on the price level from the pivot point, i tend to speculate the price action.

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    Quote Originally Posted by ashvini View Post
    I basically consider support and resistance points and pivot point is quite essential for placing the trades. Based on the price level from the pivot point, i tend to speculate the price action.
    although you takes these levels very seriously into the Forex trading but how you determine that levels r or s will break surely ?

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    Pivot points are yet another useful tool that can be added to any trader's toolbox. It enables anyone to quickly calculate levels that are likely to cause price movement.

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    seahawks90
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    Quote Originally Posted by adnan10076 View Post
    Pivot points are yet another useful tool that can be added to any trader's toolbox. It enables anyone to quickly calculate levels that are likely to cause price movement.
    i agree with you that pivot points are the one of the useful tool but most of the trader don't know that how it works and how to use them so i must say that traders ,must have to be aware and must have to know that how it works and what are pivot points.

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    Quote Originally Posted by adnan10076 View Post
    Pivot points are yet another useful tool that can be added to any trader's toolbox. It enables anyone to quickly calculate levels that are likely to cause price movement.
    yes it is ,,,,and moreover its fixed value allthrough ,,,,every beginner should learn it

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    seahawks90
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    Quote Originally Posted by dr.stre55 View Post
    yes it is ,,,,and moreover its fixed value allthrough ,,,,every beginner should learn it
    Its true and its really very useful tool for all the traders but most of the traders don't know that how to use them.

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    Well it is not mandatory for us to know the calculation as most of them are done through calculators, we just need to know the open, close, high and low of the previous day

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