Comments on: Forex Pivot Point Trading Tutorial

By: Kelvin

Kelvin — Fri, 04 Mar 2011 03:06:31 +0000

Hi Adi

When you see the price approaching a pivot level, you can also check to see if this level is in confluence with other major swing highs or lows. If it is, this will make the level more powerful. Besides that, you can also make use of RSI to see if the market is overbought when the price is approaching the resistance level.

By: adi

adi — Wed, 02 Mar 2011 17:32:12 +0000

Hi Joe,

i set the pivot level… the candles are moving to the resistance level.. how do i know when it is likely to reverse, ie from uptrend to downtrend? do i look at the trendline, candle, etc?

By: Kelvin

Kelvin — Thu, 11 Nov 2010 01:23:05 +0000

Hi Jedac

If you are using the pivot calculator from some websites, you just need to have the following data

1) OPEN
2) HIGH
3) LOW
4) CLOSE

With these 4 information, you simply key it into the calculator and it will automatically calculate for you the various levels.

In fact, if your broker provides you with the pivot level already, you do not need to re-plot another one.

By: JEDAC

JEDAC — Sat, 30 Oct 2010 20:39:07 +0000

dear Kelvin,
thanks for the tutorial/training on pivot points. it sure will be a useful tool. please help me with the websites that have a pivot point calculator. thats just all i need to kick start this strategy.Many brokers website will only give you one pivot point and dats all. do we really need more than one pivot point before entering a trade? once more thanks.
jedac

By: Kelvin

Kelvin — Wed, 07 Jul 2010 02:42:57 +0000

Hi Joe

What you learn here can be applied to stocks, commodities and futures. Wish you all the best in your trading and nice to have you here.

By: Joe Pryor

Joe Pryor — Tue, 06 Jul 2010 03:35:33 +0000

Kelvin, THANK YOU for all of your help. I have tried very many strategies and have finally begun to see some success. I use the PAB and Slow Stock, 5, 5 and 15 and also the Pivots as you call them.

I hope to implement more of your ideas to become a full time trader and also want to use the same for ETF’s. Thanks very much. Joe Pryor