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Thread: Pivot trading

  1. #1
    Piplet
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    Default Pivot trading

    Hi,

    I am new member and I am beginner in the FOREX trading.

    The first technique I met was the Pivot Point Trading.

    As I know the Pivot Point is calculated from the previous day High, Low And Close values. And the current day Open is compared with the Pivot Point.

    So, what is your opinion of the Pivot Trading? Is it effective?

    Can it be used within a day? For example I count the Pivot Point from the 1st half of the day, and I compare it with the 2nd half of the day Open.

  2. #2
    In Profit morningpips's Avatar
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    Default

    Its ok, but keep discipline and money management

  3. #3
    Bullish
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    Default

    It is a very good trading system especially for intraday traders

  4. #4
    Bullish 24121's Avatar
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    Default

    This kind of trading is very good for GBP/USD. U can open a pending buy pivot +20 pip, and pending sell pivot -20 pip with 20 pip SL. If one triggered, then follow it untuil turning point. Then cancel the others pending order.

  5. #5
    Bullish Sigit_0001's Avatar
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    Default

    ^^
    what time the best to use this breakout?

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