Floor Trader Pivot Strategy

Floor trader pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets while effectively managing risk.

Floor trader pivot strategy.

Pivot system support and resistance explained. The market is considered bullish when it s above the central pivot. Pivot points are also know as floor trader pivots or pivots or floor pivots or session pivots. Pivot point data can also extend out to support 1 2 and 3 levels or resistance 1 2 and 3 levels.

Floor trader pivot calculator calculate pivot levels for any trading instrument. These are the places where traders expect support and resistance to occur in the market and as such are used as entry and exit points for trades. The market is considered bearish when it s below. It will take away the subjectivity involved with manually plotting support and resistance levels.

I am only focusing on the pivot itself a future article will include the formula s for those levels and use to find range expansion. The pivot is the primary starting point for tools to incorporate into your trading. You need to learn how to trade with pivot points the right way. Trading with pivot points is the ultimate support and resistance strategy.

They define an equilibrium point considered a neutral market called the pivot point or central pivot. How to trade with pivot points the right way. Floor trader pivots are support resistance levels that floor traders have used in the pits of the exchanges for many years.