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Pivot Point Calculator – My Updated Review

Posted by pivotpointcalculator on August 1, 2011

Pivot Point Calculator

Before we start I should point out that while looking for an effective trading Pivot Point Calculator, the only one that had any lasting ‘positive’ impact on my trading was the Traders Pivot Point Calculator

S0 where does the Pivot Point Calculator originate from?

A Pivot Point Calculator uses a mathematical method which was first devised by Henry Chase somewhere around the 1930s. So using a pivot point calculator as some sort of trading method has been around for a very long time. It was originally used by floor traders. Many of those floor traders needed a way to gauge how the current day’s market was developing. Every working day the particular marketplace you happen to be following has an open, high, low and a close for the day. This information contains essentially all of the data a trader would need to calculate the pivot points. Hence the Pivot Point Calculator was born.

Pivot Point Calculator In Action?

A Pivot point is the ‘price’ level at which the market fluctuates for the day. So by using a mathematical formula ( the prior days high, low and close )  a new set/range of resistance and support ‘pivot point’ levels can be produced.The pivot level, support and resistance values computed via that, can be jointly identified as pivot points. The Pivot Point Calculator shows results by showing levels where support and resistance. These levels can become a significant.

So basically the pivot point calculator shows…

  1. levels which can help to work where to enter or exit a trade.
  2. will help to validate other  technical indicators.
  3. show support and resistance or specific highs and also lows of trading sessions.

Pivot Point Calculator – Used By The Professional Traders?

The reason pivot points created by a pivot point calculator tend to be so well-liked is that they are usually predictive as in contrast to lagging. Therefore they’re classed as a leading indicator.You use the information taken from the previous day to calculator the  possible turning points to the present day you’re about to trade.

Because so many traders use the Pivot Point Calculator you will find that the market does respond in some way at these levels. In other words when price touches a pivot point, it may either bounce from it’s support or resistance price level or it could simply ignore it and price would move past it.

If the price does move past and through a Pivot Point Calculator support or resistance level, then a trader could enter the market based on the fact that the price (statistically) will continue to higher (if a resistance pivot point level has been broken) or drop (if a support levels has been broken)  past the price shown by a Pivot Point Calculator.

There are 7 lines associated with a Pivot Point Calculator. A central line which is called the pivot point. Then there are 3 lines above for resistance price levels. Then there are 3 lines below which are the support levels. Once these pivot point lines are calculated you can then start to test them to see how the market reacts at those levels.

The Pivot Point Calculator shows three resistance levels and three support levels.

The Pivot Point Calculator Resistance levels are in order of importance…

  • Resistance level 3 is the strongest level
  • Resistance level 2 is the stronger level
  • Resistance level 1 is a strong level

The Pivot Point Calculator Support levels in order of importance…

  • Support Level 1 is a strong level
  • Support Level 2 is the stronger level
  • Support Level 3 is the strongest  level

A pivot point calculator also shows the actual pivot point, which is the strongest of the support and resistance levels. The reason is that prices tend trade above or below this price level before breaking into one direction or the other. A general guide is that if the market opens above a pivot point, then you would be a buyer on the dips. And if the market opened below a pivot point, then you would be a seller on rallies.

The Pivot Point Calculator – Summing Up

Using a Pivot Point Calculator to show those support and resistance points can help you to identify future entry price levels and also the logical stop loss level for your trade. It’s also very easy to get the information to use in the pivot point calculator.They stay in place for the duration of the days trading.  This means that it’s relatively easy to create a trading plan using just the pivot point levels created by a ‘good’ pivot point calculator.

All you have to do now is find a charting system that allows you to program the lines you want to use.  And there is none better than the Traders Pivot Point Calculator software. It uses multiple calculations for different types of pivot points. Far superior to the old floor trader’s method.

Traders Pivot Point Calculator & More

While I was at the Traders Pivot Point Calculator web site to do a bit or research for my blog post, I did see that they are giving away WD Gann’s ‘How To Trade’. This is because they have incorporated Gann’s mathematical formula into their Pivot Point Calculator. This shows the turning points based on Gann’s original formula.I don’t know how long this will last, so if you’re curious to learn more about the Traders Pivot Point Calculator or want to try it for yourself, then simply go to the following link – Pivot Point Calculator Official Site. They have a great customer service, anytime I had a question about the Pivot Point Calculator software and trading in general, they always replied promptly with very helpful answers.

Pivot Point Calculator

Click Here To Download The Traders Pivot Point Calculator From The Official Site

I received an email only last month about the Traders Pivot Point Calculator software that I thought I should share with you. Alex stated that the manual that comes with the software taught him more than the trading seminar he attended, which cost him a couple of thousand to attend. He says he’s made more in roads to profitable trading than all the books he’s purchased up to now.

I think I should point out that there is actually a trading course which comes with the Traders Pivot Point Calculator which is absolutely brilliant. It really does open your eyes to how real trading is done. It’s clear that the Traders Pivot Point Calculator works. So I do hope you take my advice and give it a try. It’s so much better than spending money on expensive trading software or seminars. Give the Traders Pivot Point Calculator a try and see for yourself:)

FILED UNDER: PIVOT POINT CALCULATOR

Pivot Point Calculator For Traders

Posted by pivotpointcalculator on July 26, 2011

A Genuine Pivot Point Calculator Review

When looking for an effective Pivot Point Calculator to find support and resistance price levels in a financial market, the ONLY one that proved to work for me was the Traders Pivot Point Calculator.  The Traders Pivot Point Calculator should not be confused with price pivots. Price pivots definition: Each day price action is recorded as a price bar. The bar has an open, high, low and close. When a series of price bars reverses direction, we call it a price pivot. The pivot is composed of a minimum of three bars.  A pivot low is formed by a price bar with bars on each side having higher lows. A pivot high is formed by a price bar with bars on each side having lower highs. This three-point structure is the building block channel, trend and swing trading. However the Traders  Pivot Point Calculator can also be used for those Swing price pivots.

How Does A Pivot Point Calculator Work?

Before I found out about this specific Traders Pivot Point Calculator, I had problems with pivot points mainly because there are different formulas that can be used for the calculations of the support and resistance price levels. But this specific traders Pivot Point Calculator helped traders (including me) to experiment with different types of support and resistance levels.  (It’s not actually called a Pivot Point Calculator it’s called the Traders Calculator because it does much more than just give standard pivot point levels). So contrary to what the trading community says, there are a number of different types of pivot points, and this traders Pivot Point Calculator software shows them. (The Traders Pivot Point Calculator can also be used to find other types of pivot levels including the Camarillo levels).

How Does A Pivot Point Calculator Work?

Using a Pivot Point Calculator as a trading strategy has been around for a long time and was originally used by floor traders. It was a nice simple way for floor traders to have some idea of where the market was heading during the course of the day with only a few simple calculations.  A Pivot Point Calculator gives us those price levels where there is most likely to be support and resistance on any given trading day. The most influential pivot point levels are those that are used by the majority of traders. The pivot point is the level at which the market direction may change. Using a pivot point calculator and some simple arithmetic we take the previous days high, low and close, a series of points/levels are derived. These price points can then be used for support and resistance levels for the next day’s trading.

This is the most widely used formula for pivot point calculations:

* H = previous day’s high
* L = previous day’s low
* C= previous day’s close

* Pivot Point PP = (H + L + C) / 3
* Resistance = 2 x PP – L
* Support = 2 x PP – H

How Professional Traders Use The Pivot Point Calculator?

The Traders Pivot Point Calculator  uses various formulas to show the projected price levels. (There is another part in the in the Traders Pivot Point Calculator – which I’m not allowed to divulge because of copyright rules – which calculates a little known Gann formula for showing the market turning point days in advance.)

The basics of how pivot points are used by ‘most’ traders is that when the price moves through the known pivot point, (usually on increased volume) it is most likely to continue with the current trend. But when the price hits the known pivot point, but is unable to move through it, then it’s most likely to reverse the current trend.

Every day the market you’re following has an open, high, low and a close for the day

The reason a Pivot Point Calculator is so popular is that it is predictive as opposed to lagging. You use the information of the previous day to calculate potential turning points for the day you are about to trade (present day). Because so many traders use a Pivot Point Calculator of some sort you will often find that the market reacts at these levels. This allows you to be aware of any change of direction or to make sure that the market is behaving as it should at these levels. The Traders Pivot Point Calculator also calculates converging multiple pivot point price levels as well as forecasting the next day’s likely trading range from the high to the low of the day.

Choosing A Pivot Point Calculator?

My personal choice is the Traders Pivot Point Calculator. It’s much much more than just a pivot point calculator, it’s an all in one trading platform that uses many different types of calculations which you can blend together or use separately. There is no monthly fee, there are no products that MUST be purchased alongside the software (other than your normal data feed). The Traders Pivot Point Calculator has all functions you need to trade successfully without spending a fortune.

Traders Pivot Point Calculator & Bonuses?

Please note that while I was at the Traders Pivot Point Calculator Site to do some research for my blog post, I did see they are having a special (with free bonuses) for anyone that wants to give it a try. I do not know how long this will last, so if you are curious to learn more about the Traders Pivot Point Calculator or want to try it for yourself, simply go to the following link, Pivot Point Calculator Official Site. By the way they have great customer service, anytime I had a question about the Pivot Point Calculator System and trading in general, they always replied promptly with helpful answers.

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Go Here To Download The Traders Pivot Point Calculator From The Official Site

Make sure that when you visit the Traders Pivot Point Calculator site for more valuable information, you go to the “official site” through the links I’ve provided. Through my research I’ve noticed many false pivot point calculator sites which are simply not up to the job.

FILED UNDER:  TRADERS PIVOT POINT CALCULATOR REVIEW

 

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