Price is in a downtrend for the day, price bounces off the S2 level once upon the retracement, leading to a short trade upon a secondary touch of S2. For day traders, who use daily pivot points, using the 5-minute to hourly chart is most reasonable. Swing traders might use weekly pivot points would be best to apply the strategy on the four-hour to daily chart.

They should be used in addition to other forms of analysis and/or other technical indicators. Moreover, if price begins consolidating a […]

You can also view prices and use tools such as charts, Reuters news or Morningstar quantitative equity reports, free of charge. However, you will need to deposit funds in your account to place a trade. Metal is traded on the London Metal Exchange daily and this sets the benchmark for metal pricing in the UK. The Exchange will look at the global metal markets supply and demand and pricing will adjust accordingly as with any other commodity.
From case studies to scenario planning, we will support […]

Spread is applied automatically and appears as an initial floating loss in a newly opened position. It is calculated in terms of pips, and the actual cost is calculated using the pip value. The terms pip and pip value are usually used for Forex currency pairs.

For example, if we have a USD account and trading DAX 30 (DAX/EUR) the pip value should be converted to USD from the current EUR/USD exchange rate.
In addition, hypothetical trading does not involve financial risk, and no hypothetical tr […]

After that point, the market became firmly bearish and fell steadily, showing no sensitivity to pivot points.

This going with the trend, of course, works just as well with shorts that clear S4 support.
On the big green bar, price did indeed hold between the two pivot levels.
Analysts call this a failed upswing and it is a good indicator of a potential reversal.
The system triggers a trade roughly every three to four days on average, but they are rather like buses and you might find no trades f […]