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how to use pivot point. The simplest way to use pivot point levels in your forex trading is to use them just like your regular support and resistance levels. Pivot Points use the prior periods high low and close to estimate future support and resistance levels.
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In this regard Pivot Points are predictive or leading indicators. Place stop-loss above the pivot point. The traditional approach to using pivot points calls for the use of the break of a sessions mid pivot as a direction signal and then setting the first target as the pivot.
Pivots Points are price levels chartists can use to determine intraday support and resistance levels.
Classic pivot point trading strategy. Using this Pivot Point as the base three resistance and support levels are calculated and displayed above and below the Pivot Point. To calculate the Base Pivot Point. If you are using Excel 2003 or earlier click the Data menu and select PivotTable and PivotChart Report.
