Question - Forex Forexqna Chart Indicator

How to recognize/ choose the profitable pivot points?

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2 Answers
Irma Moody
Answered 10 months, 3 weeks ago
<p id="isPasted">The pivot point itself is the primary support and resistance when calculating it. This means that the largest price movement is expected to occur at this price.</p><p>The other support and resistance levels are less influential, but may still generate significant price movements.</p><p>Pivot points can be used in two ways. The first way is to determine the overall market trend. If the pivot point price is broken in an upward movement, then the market is bullish. If the price drops through the pivot point, it is bearish.</p><p>The second method is to use pivot point price levels to enter …</p>
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Ekber Onder • Lived in Eski?ehir
Answered 1 week, 2 days ago
<p id="isPasted">To pick the "perfect" pivot point, you have to realize that not all levels are created equal. The most profitable trades happen when a pivot level aligns with other technical reasons to buy or sell. This is called Confluence.</p><p>Here is how to recognize and choose the levels with the highest probability of success:</p><p><strong>1. Look for "Confluence" (The Gold Standard)</strong></p><p>A pivot point becomes significantly more powerful when it sits exactly where another indicator is pointing. Look for the "Golden Zones" where a Pivot Level overlaps with:</p><ul><li>Major Psychological Numbers: e.g., a pivot level sitting exactly at $50,000 for …</li></ul>
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