Tuesday, September 15, 2009

Forex Pivot Point Trading Tips



  • If price at PP, watch a move back to R1 or S1.
  • If price is at R1, expect a move to R2 or back towards PP.
  • If price is at S1, expect a move to S2 or back towards PP.
  • If price is at R2, expect a move to R3 or back towards R1.
  • If price is at S2, expect a move to S3 or back towards S1.
  • If there is no news to influence the market, price will usually move from P to S1 or R1.
  • If there is news to influence the market, price may go straight through R1 or S1 & reach R2 or S2 and even R3 or S3.
  • R3 & S3 are good indications for the maximum range.
  • Pivot lines work well in sideway markets.
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