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Old 03-17-2007, 09:15 AM
keymoo keymoo is offline
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Re: Pivot Points and market/stocks

I use pivot points every day in my trading. To learn more about them I recommend John Carter's book Mastering The Trade and also search out John Person's work on pivots. I usually fade the first move to a pivot of the day, and thereafter look to see what price does at other pivot points. On ranging days, I usually fade them and on trending days I will sell/buy a retracement back to the pivot. Most charting packages have pivot point indicators built in, or you can calculate your own before the trading day from Emini Day Trading or with a calculator or a spreadsheet.

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