What is the Best Type of Pivot Point

[Oxmia1501]

Hi traders, I just came across a post about pivot point trading, and now I understand there are may kind of pivot points. They include: standard pivot line, Fibonacci pivot point, camarilla pivot point, woodie's, pivot point, DeMark's pivot, and I want to know the best sort of pivot point I can use for day trading Due It does not matter. Use yearly, monthly, weekly combined with a MTF stochastic oscillator. Std pivots are all fine. You have to know which way you are going with a currency pair based on across the board weakness or strength of a currency and then examine what the price is doing at pivot.

[alvamoghemnan]

None. They are all shit. Pivot point have proved exceptionally useful in the FX market. In reality, the projected service and resistance generated by pivot points will function better in FX, because the massive size of the market guards against market manipulation.
This is particularly true since
Trading requires reference factors (support and resistance), which can be utilized to ascertain when to enter the market, place stops and take profits.

[FISANGO51]

quote So you draw your fork so that it is going to fit historic price . Hoping that sometime in the long run it will once again touch it or go through it. Hell of a border that is. There is no relation involving your fork and price. You see what you would like to see. Your attempt at being witty and funny is quite cringe worthy. I mean I can see you trying but it's just not coming off as clever but that is not the purpose. Your argument would make sense if that were 30 years ago where computer based trading was in its infancy. In that case pivots were only lines which might have been respected in the past and individuals hope to exchange off those amounts in hopes of repeated behavior. But now many trades that are implemented by big banks and institutions relies on calculations and also such pivot calculations are employed in such algo trades. So trading these pivots works but you need to combine different kinds of pivot points to improve your chances and await a good affirmation that price is turning. By way of instance using fibonacci pivot routine pivot at or around the exact same degree. Like this trade I took on eurgbp yesterday:

https://www.nigeriaforextrading.com/attachments/151954018986696599.png

That relies on theoretical logic though at least from my standpoint as I'm still testing the viability of the system but my logic is actually based on contemporary times and technology. Your logic relies on an antiquated means of trading. I am assuming you're really old. Any way just my two pennies. Bye Grandpa.

[y]

quote Your attempt at being witty and humorous is quite cringe worthy. I mean I can see you trying but it's simply not coming off as clever but that is not the purpose. Your argument would make sense if that were 30 years back where pc based trading was in its infancy. In that case pivots were just lines that may have been respected in the past and individuals hope to exchange off those amounts in hopes of repeated behavior. But now many trades that are implemented by large banks and associations are based on algorithms and such pivot calculations are used in... Thank you and decent luck with your trading. Please keep using pivots etc as your account permits. Remember, you can always make new deposits.

[oxmino23]

Averaged price levels are extremely great for deciding the width of their ranges .when they converge to a single point or pivot. . .bingo

[FISANGO51]

quote Thank you and decent luck with your trading. Please keep using pivots etc as long as your account allows. Bear in mind, you can always create new deposits. Haha. You simply don't know how to trade pivots. Twoy Shlen Nadonushki Bliat'. My trading style is based on accuracy. Precision trading based on logic. Pivots and fatigue run the markets. Even someone just like you are able to exchange my system and be profitable since it is objective rather than subjective. I am able to assist you bro. Allow me to know if you're interested. I can send you my youtube videos. Pivots are the Financial markets bro. End of story lol. Ti Suka Gondon Bliat'

[y]

quote Haha. You do not know how to trade pivots. Twoy Shlen Nadonushki Bliat'. My trading style relies on precision. Truth trading based on logic. Pivots and exhaustion run the markets. Even someone just like you can exchange my system and be profitable since it's objective rather than subjective. I am able to assist you bro. Allow me to know if you are interested. I can send you my videos. Pivots are the Financial markets bro. End of story lol. Ti Suka Gondon Bliat' It'l work about 50 percent of the time. Lik me harige zweterige perineumpie.

[FISANGO51]

quote It'l work about 50 percent of their time. Lik me harige zweterige perineumpie. Should you exchange strictly going countertrend and using these as reversals yes you're right you'll acquire about 50%. But if you use these as goals with trend yoir talking around 80% or better. Allow me to know of you want the videos I created that explains all of this with fantastic detail, commerce illustrations and live trades. I clarify the logic of what the markets really are. Allow me to know buddy. Im here to help

[nikysem]

Any formula to determine the pivot are the shit! You can apply it to any chart and you'll see some coincidences, but those coincidences are not formed by the response of the prices of the Pivot levels, price levels only due to the formula use the pivot levels were the same levels! Fibonacci is considered to be the shit! Only a coincidence. GL

[FISANGO51]

Really, any formula to determine the pivot would be the shit! You can apply it to some chart and you'll see some coincidences, but those coincidences aren't formed by the reaction of the prices of those Pivot levels, price levels only because of the formula use the pivot amounts were the same amounts! Fibonacci is considered to be the same shit! Just a happy coincidence. GL exactly what coincidences? I am presuming you mean price coincidently bouncing off the pivots. This is debatable because coincidences can occur in the markets occasionally and sometimes it might not be a coincidence and price may have reacted to the pivot.there is not any way of knowing. However that is immaterial since this is now how pivots should be used. The pivot point ought to be utilized as a belief and fashion confirmation among other fad confirmations and a transaction ought to be put in the management of the trend anf take profit targets ought to be the r1r2/s1s2 levels. Fatigue from the previous week should be measured and factored into the transaction decision. This is the way you trade with pivots. They should not be used by you as bounces or alteration points. I have a movie describing this. Let me know if your interested. I love you bye lol

[nikysem]

quote exactly what coincidences? I am presuming you mean price coincidently rebounding off the pivots. This is debatable because coincidences can occur in the markets at times and at times it might not be a coincidence and price may have reacted to the pivot.there is no way of knowing. However this is irrelevant because this is how pivots should be used. The pivot point should be used as a belief and fashion confirmation among other trend confirmations plus a trade should be placed in the management of the tendency anf take profit targets should be exactly the r1r2/s1s2... I don't believe they can be a fantastic chance to talk about the direction of the trend at any given stage of time.At least in my own experience that I really don't naschel useful. I mean, coincidences are constantly under water . These submarines will be the key price levels. That's, for instance, before price $100 was the level of support and then became resistance in the future, under certain circumstances, was shaped at the level of the axis and it's electricity. And with the power not on account of the fact that the pivot level is there, but because there was a level of support or resistance! I am no authority in prices but I believe I know a little about it, the levels of the pivot are shaped on past data ( closing the opening of a maximum and minimum) and if they have electricity it is likely they will be shaped in the future, which recent levels potderzhki and resistance to give liquidity there! And incidentally, I am not interested in movies and any other literature on this issue. Video created to watched it and novels to read,but not for you to become brighter, or richer, no more no less.GL

[FISANGO51]

quote I don't believe they can be a fantastic chance to talk about the direction of the trend at any time of time.At least in my experience that I don't naschel useful. I mean, coincidences are always with him under water. These submarines will be the important price levels. That's, by way of instance, in the past price $100 was that the level of service and then became resistance in the future, under certain conditions, was shaped at the level of the axis and it has power. With the power not on account of the fact that the pivot level is there, but since there was a level... see my videos guy. I reveal live examples and trades and objective rules. As soon as you find the system you will see it is logical.

[Juaanky98]

quote watch my movies man. I reveal live examples and trades and objective rules. Once you see the system you may see it is logical. Hi Sharingan9,

I am interested to watch your movies if you do not mind sharing it with me personally. I would be thrilled to find out more about the pivots and the way you trade them.

Regards

[FISANGO51]

Here ya go. This is pivots should be exchanged. Everyone else about claiming against pivots is missing the point by a mile

Inserted Video https://www.youtube.com/embed/vnJgxKQR7fE?origin=https://www.forum.com


Inserted Video https://www.youtube.com/embed/ysVVDs76MMA?origin=https://www.forum.com

[aguipe]

Hi traders, I came across an article about pivot point trading, and that I understand that there are may kind of pivot points.
They comprise:

standard pivot stage,
Fibonacci pivot stage,
camarilla pivot stage,
woodie's, pivot point,
DeMark's pivot,

that I wish to know the best type of pivot point I Can use for day trading
Thanks