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LoThomas68
Newbie
Joined: Jul 22, 2011
Posts: 2
Location: Salt Lake City, Utah
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 Posted: Fri Jul 22, 2011 1:55 am Post subject: free forex robot |
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One of the key points to understand when trading pivot points in the forex market is that breaks tend to occur around one of the market opens. The reason for this is the immediate influx of traders entering the market at the same time. These traders go into the office, take a look at how prices traded overnight and what data was released and then adjust their portfolios accordingly.
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JacqStone
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Joined: Jul 27, 2011
Posts: 134
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| Posted: Wed Sep 14, 2011 9:52 am Post subject: |
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IT is known for every trader that the pivot point is important measure of strength and weakness of the market. Pivot point is used as a predictive indicator. If the following day's market price falls below the pivot point, it may be used as a new resistance level. If the market price rises above the pivot point, it may act as the new support level.
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