Dear all traders.
Pivot point is good for day trading. Here U will get daily support and resistance.Support and resistance is marked as S1,2,3 and R1,2,3. ,If price breaks a support and then it turns into resitance in down trend, if price breaks resistance it turns support for the next.
Trading tech for day trader:
1. Calculate Pivot point and get the support and resistance
2.you can get the pivot calculator in my site.
3. If price open above the pp, the price is bullish, go for buying.
4.if price open below the pp , the price is bearish, go for selling.
5...... If price open above the pp and crossed pp downward, wait for breakout( if price cross the S1 then go for sell and vice versa)
6. If price cross pp but do not break the S1, then the trend is Sideway.
In future I will post for sideway trend trading.
with thanks
Dr nizam
nizammozumder@yahoo.com
Pivot point is good for day trading. Here U will get daily support and resistance.Support and resistance is marked as S1,2,3 and R1,2,3. ,If price breaks a support and then it turns into resitance in down trend, if price breaks resistance it turns support for the next.
Trading tech for day trader:
1. Calculate Pivot point and get the support and resistance
2.you can get the pivot calculator in my site.
3. If price open above the pp, the price is bullish, go for buying.
4.if price open below the pp , the price is bearish, go for selling.
5...... If price open above the pp and crossed pp downward, wait for breakout( if price cross the S1 then go for sell and vice versa)
6. If price cross pp but do not break the S1, then the trend is Sideway.
In future I will post for sideway trend trading.
with thanks
Dr nizam
nizammozumder@yahoo.com
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