Trading pivots:
1.pp pivot
2. r1 r2 r3, s1 s2 s3
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Pivot points have been a trading strategy for a long time, originally used by traders on the platforms. Using this method, you can understand where the market is moving in a day with a few simple calculations.
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The pivot point in the reversal method is the turning point of the market direction during the day. A number of points can be obtained by simply calculating the maximum, minimum and closing price of the previous day. These points can form key support and resistance lines. The pivot point, support and resistance levels are collectively referred to as the reference level.
The market you see has an opening price, a high price, a low price and a closing price every day (some markets are open around the clock, for example, the foreign exchange market, which usually uses 17:00 EST as the opening and closing time). This information contains all the data that you use with the rotation method.
The pivot point method is so popular because it can be predicted, not postponed. You can use the data from the previous day to calculate a possible turning point in your trading day (the current trading day).
Since there are many traders trading using the pivot point method, you will find that the market reacts to these key positions. This gives you an opportunity to trade.
Pivot Point is an intraday trading method. It is very simple and practical. This is a very “simple” resistance support system. This is a method invented by a futures master about 10 years ago. It is widely used in stocks, futures, government bonds and indices. About mass goods. The classic Pivot Point system is a 7-point system that consists of 7. The currently widely used 13-point system is actually the same, but with an additional 6 prices, it is used for large volume goods.
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