Forex Pivot Point Trading Tips

Here are some easy to memorize tips that will help you to make smart pivot point trading decisions.

• If price at PP, watch for a move back to R1 or S1.
• If price is at R1, expect a move to R2 or back towards PP.
• If price is at S1, expect a move to S2 or back towards PP.
• If price is at R2, expect a move to R3 or back towards R1.
• If price is at S2, expect a move to S3 or back towards S1.
• If there is no significant news to influence the market, price will usually move from P to S1 or R1.
• If there is significant news to influence the market price may go straight through R1 or S1 and reach R2 or S2 and even R3 or S3.
• R3 and S3 are a good indication for the maximum range for extremely volatile days but can be exceeded occasionally.
• Pivot lines work well in sideways markets as prices will most likely range between the R1 and S1 lines.
• In a strong trend, price will blow through a pivot line and keep going.

Forex Training Class Lessons in 8th Grade: Pivot Points

1. Forex Pivot Points
2. How to Calculate Pivot Points
3. How to Trade with Pivot Points
4. Forex Pivot Point Trading Tips
5. Summary of Forex Pivot Points

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