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Mapping our Time Frame-Section 2: Pivot Points

PAYPAL FOREX BROKER,FOREX BROKERS NEWS,ISLAMIC FOREX BROKERS,BEST FOREX BROKER LIST,FOREX BROKER SPREAD Section 2: Pivot Points PAYPAL FOREX BROKER,FOREX BROKERS NEWS,ISLAMIC FOREX BROKERS,BEST FOREX BROKER LIST,FOREX BROKER SPREAD In a few words, a pivot point (PP) is a level in which the sentiment of traders and investors changes from bull to bear or vice versa. Why PP works? They work simply because many traders and investors (including bank and institutional traders) use and trust them. It is known by every trader that the pivot point is an important measure of strength or weakness of any market. There are several ways to calculate the pivot point. The method we found to have the most accurate results is calculated by taking the average of the high, low and close of a previous period (or session). Warning – some pretty boring maths ahead. The good news is that almost all charting platforms will automatically calculate this for you and draw the lines on in whatever pretty colour you like. But as this is the ADVANCED course we think you should have a basic idea of how they are calculated. Pivot point (PP) = (High + Low + Close) / 3  Take for instance […]


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