[Digg / upcoming] The pivot point is the level at which the market direction changes for the day. Using some simple arithmetic and the previous days high, low and close, a series of points are derived.
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[Money Savvy] Forex Trading - Pivot Points: That makes pivot points much more useful in Forex trading than in equity trading. Keep in mind, however, that such swings are possible as the result of central bank interest rate hikes, major political events and other fundamental factors.
[GRACEGEL] Pivot Point Trading: A perfect set up would be for the market to open above the pivot level and then stall slightly at R1 then go on to R2. You would enter on a break of R1 with a target of R2 and if the market was really strong close half at R2 and target R3 with the remainder of your position.
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