Floor Trader Pivot Strategy

Trading with pivot points is the ultimate support and resistance strategy.

Floor trader pivot strategy.

Pivot points are also know as floor trader pivots or pivots or floor pivots or session pivots. 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. Floor trader pivot calculator calculate pivot levels for any trading instrument. Floor traders and other professionals who do the actual buying and selling of futures contracts in the trading pits of the exchanges generally employ very similar systems for valuing the price of these instruments in.

Floor trader pivots are support resistance levels that floor traders have used in the pits of the exchanges for many years. If you want to take full advantage of the power behind the pivot points. You need to learn how to trade with pivot points the right way. 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.

It will take away the subjectivity involved with manually plotting support and resistance levels. They define an equilibrium point considered a neutral market called the pivot point or central pivot. The market is considered bullish when it s above the central pivot. How to trade with pivot points the right way.

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. Pivot system support and resistance explained. Pivot point data can also extend out to support 1 2 and 3 levels or resistance 1 2 and 3 levels.