Those of you who have been trading for a while will be familiar with Pivot Pointsuring this lesson I require to go over how to find a Pivot Point and too a slightly different procedure of using themirst let's look at how you calculate a Pivot Pointsing a bar chart you will observe that each bar has an Open, High, Low and Closehis information represents all expense activity during that particular periodn the case of the following example, we shall use a daily baro calculate the pivot point all you demand to do is add the High, Low and Closence this has been done you next divide the total by three, ehe cash FTSE on the 2nd may 02 had a High of 51920, a low of 51250, and a close of 51740f you add the three together, you get 15492ou then divide that total by three to get a Pivot Point of 51640K, so far so good, but what do you do with this informationell, one program I like to use intra day is to use the pivot point as a trend indicatore already kno ... [Read More - Making Money Online Michael S Brown]
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Making Money Online Michael S Brown : Foreign exchange Stylish - Greatest Trend Scanner - Forex Trendy is a significantly far more sophisticated application capable of recognizing fundamental chart patterns. It scans through all the charts, on all time frames and analyzes every single potential breakout. Right after taking into consideration the reliability of the pattern it tells you some thing like this:
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