Floor Trader Pivot Strategy

You need to learn how to trade with pivot points the right way.

Floor trader pivot strategy.

The market is considered bearish when it s below. 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. 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. Pivot points are also know as floor trader pivots or pivots or floor pivots or session pivots.

If you want to take full advantage of the power behind the pivot points. 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. 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. How to trade with pivot points the right way.

The market is considered bullish when it s above the central pivot. Floor trader pivots are support resistance levels that floor traders have used in the pits of the exchanges for many years. Floor trader pivot calculator calculate pivot levels for any trading instrument. The pivot is the primary starting point for tools to incorporate into your trading.

Pivot point data can also extend out to support 1 2 and 3 levels or resistance 1 2 and 3 levels. Depending on the type of pivot formula used you can generally generate and use up to 9 levels. It will take away the subjectivity involved with manually plotting support and resistance levels.