Automated Trading Profit > How to use Pivot Points
[Commodity Futures Trading] With respect to weekly and monthly pivots I would agree that if the market has been closing for three periods below the pivot and then closes at least two consecutive periods above it, you have a really strong buy signal. If you enter a month below the new monthly pivot (down trending market), and you get one weekly close above the monthly pivot, you could take more risk and go long then (instead of waiting for two or three closes).
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[investorplaceblogs.com] One More Tool For More Profits! Trending123 Pivot Calculator: Floor trader pivots come from the pit traders. A lot of people use them so they are almost self fulfilling.
[italkcash.com - Forum for financial investments] Identification of potential Support/Resistance: The principle question in pre-identifying potential areas of Support/Resistance is whether there will be sufficient market participants/volume of orders to produce a price swing at that area. Whilst there are many other ways of identifying potential Support/Resistance, I limit my analysis in the main to the factors that may indicate this that are historically proven to be used by the market in such quantities so as to achieve this result.
[traderblog.com] US Stock Indexes, Crude Oil Rebound Overnight: Sell stops likely reside just below that level, and then more sell stops are likely located just below technical support at Monday's contract low of 1,490.00. On the upside, short-term resistance is seen at the overnight high of 1,550.50 and then at 1,575.00.
[Forex Trading Blog] Forktruck Attachments: Todays GBP/USD Forex Signal (29-09-2008) Best time to place this order is at 05.00 GMT sell @ 1.8366 ( Stop/Limit/Market Order) Set Stop Loss @ -30pip Set Profit Target @ 20 pip Daily Pivot: 1.8406 ( see the chart here) Previous day’s HLC Price and today’s Support-Resistance Levels Below are previous trades result and the Eur/Usd Signals: Previous Gbp/Usd (26-09-2008) trade and […]
[the ELLIOTT WAVE lives on] weekend update: As the market started to pullback it found support at the 1179 pivot and rallied to 1216 a week ago friday. Then this past monday the market changed its character, breaking through that support pivot in the opening hours and headed lower. The change in character was quite a surprise to many.
[Forex Genie Trade Alerts] FOREX TRADE ALERT for NZD/USD SELL SIGNAL: The or the most extreme high trading range is 0.7024. The or the extreme high trading range is 0.6956.
[T2W Day Trading & Forex Forums] Daily Trading Advisory: WEEKLY PIVOTS FOR WEEK ENDING 10-October-2008 R3 1304.00 R2 1262.75 R1 1173.50 PP 1144.00 S1 1086.50 S2 1042.00 S3 1025.25 ECONOMIC DATA None WEEKLY RECAP After closing the previous week with optimism about the government bailout plan, .
[stockshakers] New stock market Low prices of the Year (again today) with each ...: On the reversal seeking the Lowest 2 period RSI stocks with solid liquidity and historic volatility for the best potential return. Volume is the key in making your choice as well as watching for the Pivot points and support and resistance levels.
[Trending123 Blog] One More Tool For More Profits! Trending123 Pivot Calculator: Using pivot in our trading sounds simple at first. For instance, if the stock closes above the pivot, it's bullish.
[Forex Trading Blog] Hottest Canadian Business Opportunities: Todays GBP/USD Forex Signal (02-09-2008) Best time to place this order: 05.00 GMT sell @ 1.8010 ( Stop/Limit/Market Order) Set Stop Loss @ -30pip Set Profit Target @ 20 pip Daily Pivot: 1.8050 Below are previous trades result and the Eur/Usd Signals: Previous Gbp/Usd (01-09-2008) trade and its result: sell @ 1.8206 ( No Trade ) Todays EUR/USD Forex Signal (02-09-2008) Best time to […]
[the ELLIOTT WAVE lives on] weekend update: After reviewing the market internals while the surge was underway, we concluded prior to the opening that friday morning that Primary wave A had probably concluded at SPX 1134, and Primary wave B was underway. Since Primary wave A took eleven months to unfold (Oct-Sept), we would expect Primary wave B to take between six and eight months to unfold, ideally concluding in May 2008.
[Tipster] Pete's Screenshot: The EOD setup is an example of my pivot point calculations (shorter lines at far right), and I have a few longer trend lines which are there to remind me of weekly and monthly support/resistance levels.
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[the ELLIOTT WAVE lives on] weekend update: Typically nearing the completion of a long term trend, these indicators will start to display divergences when the wave structure of the general market is about to conclude. Several in our OEW group had been noticing these divergences as this last downtrend got underway. When the market started making new lows, nearly everyone of them were displaying positive divergences.
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