Trading pivot points
If you are not an FX trader, you might not think that you should be trading pivot points. In this video, FX trader Alwyn Burger explains how trading pivot points can be useful to all traders, regardless of what you trade or your time frame.
Pivot points are widely used by traders as a predictive indicator of market movement. They are calculated as an average of significant prices: open, high, low and close. He also looks at five different pivot point strategies. If the market in the following period trades above the pivot point, it is bullish and below is bearish.
The pivot points discussed in this video include:
- Standard 5 point Pivot Points
- Fibonacci Pivot Points
- Denmark Pivot Points
- Woodie Pivot Points
- Camarilla Pivot Points
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