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Item condition:
Brand New
May 12, 2012
US $9.95
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Brooklyn, New York, United States

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Last updated on  May 05, 2012 11:36:00 PDT  View all revisions

Item specifics

Brand New: An item that has never been opened or removed from the manufacturer’s sealing (if applicable). Item ... Read moreabout the condition
Platform: MT4
Format: .EX files in Zip archive Brand:


Business & Productivity Type: Personal Finance & Investing Type: indicators
Visit Store:   fx237



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Pivot points

Professional traders and market makers use pivot points to identify important support and resistance levels. Simply put, a pivot point and its support/resistance levels are areas at which the direction of price movement can possibly change.

Pivot lines are especially useful to short-term traders who are looking to take advantage of small price movements.

Pivot lines can be used by both range-bound traders and breakout traders. Range-bound traders use pivot points to identify reversal points. Breakout traders use pivot points to recognize key levels that need to be broken for a move to be classified as a real deal breakout.

Your chart with "pivot indicator" look similar to this:

Indicator # 1

Indicator # 2

Indicator # 3 

Indicator # 4

Indicator # 5

Indicator # 6

Indicator # 7

How to trade using those lines?

 We use those lines as a reference lines of price motion. If price move above the Pivot (P), it usually will continue to move untill hitting R1. Price find it Resistance at R1, it can continue the upward move (breaking R1) or rebound to P. If price breaking the R1, it usually continue to move untill it meet the 2nd resistance line at R2. After price breaks R2, it usually move up to R3. And vice versa if the price move below the Pivot (P).

It is useful to have a map and be able to see where the price is relative to previous market action. This way we can see how is the sentiment of traders and investors at any given moment, it also gives us a general idea of where the market is heading during the day. This information can help us decide which way to trade.

Pivot points, a technique developed by floor traders, help us see where the price is relative to previous market action.

As a definition, a pivot point is a turning point or condition. The same applies to the Forex market, the pivot point is a level in which the sentiment of the market changes from "bull" to "bear" or vice versa. If the market breaks this level up, then the sentiment is said to be a bull market and it is likely to continue its way up, on the other hand, if the market breaks this level down, then the sentiment is bear, and it is expected to continue its way down. Also at this level, the market is expected to have some kind of support/resistance, and if price can’t break the pivot point, a possible bounce from it is plausible.

Pivot points work best on highly liquid markets, like the spot currency market, but they can also be used in other markets as well.

-  You can use this for ANY currency pair!

 -   Your personal license will cover one demo account and one "live" account.

-    It will never expire and there are NO "monthly fees" or any other recurring charges for use.

+ BONUS  -  2  eBooks:

-    Forex Intraday Pivots Trading System

-    John L Person - Swing Trading Using Candlestick Charting With Pivot Point



     File type and requirements
- This is a digital item! ( .ex4, pdf files  in ZIP archive )
- You will Need: MetaTrader 4.0 platform.

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    Return policy
I guarantee you complete satisfaction with all my high quality products. If you receive an item you did not order I will refund you the price you paid for it. NO OTHER REASON FOR RETURNING EXCEPT THE ABOVEMENTIONED IS CONSIDERED!

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We will contact the winning bidders via e-mail within 24 hours after the auction has ended. Winning bidders must confirm their order within 3 business days after notification.
Payment must be received within 5 business days after order is confirmed. Please contact us immediately if you need special arrangements.

Please keep in mind that communication is the key to solving any problems that may arise during the transaction,
please do not hesitate to contact us either by email so that together we can complete the transaction as smoothly and as flawlessly as possible.

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