The EASIEST Forex Trading Indicator: PIVOT POINT Indicator (FULL GUIDE)
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- Опубликовано: 30 июн 2024
- The pivot point indicator is the easiest of all the forex technical indicators. If you find other trading indicators difficult or you're a new forex trader, pivot points are perfect for you! Forex trading expert, Andrew Lockwood (from Forex Signals) is going to explain exactly how easy it is to master and use pivot points. Every day, with just a few simple numbers, the pivot point line and support & resistance lines will be drawn for you. These can be used for profit taking, stop loss, and much more! Andrew has also also developed a free pivot point indicator cheatsheet with all the info in this video summarized!
00:00 - Introduction to the Pivot Point Indicator
02:01 - What are Pivot Points?
02:49 - How to Calculate Pivot Point Lines
05:26 - How to use the Pivot Point Indicator
06:34 - Pivot Point Lines as Take Profit Targets
08:14 - Using Pivot Points for Counter-Trend Entries
09:14 - Using Pivot Points for Entries on Breakout
10:20 - Pivot Point Lines for Stop-Loss
11:11 - Using Pivot Points to Stay Out of Bad Trades
12:18 - How to Use a Pivot Point Calculator
13:45 - Pivot Point Indicator Demonstration
17:12 - Outro
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🔥 FREE Pivot Point Indicator Cheat Sheet - to.forexsignals.com/pivot-point-cheatsheet
🧮 FREE Pivot Point Calculator - to.forexsignals.com/wu-pivot-point-calculator
Thank you for this. Makes life easier with no fuss.
Can you please provide the formula for R4S4 AND R5S5? Ty!
This was soooooo helpful! Thank you!!!!
I love it when you wear that suit it makes me think what you are thinking on the trading floor
An excellent Singer, drummer and now also a trader...thank you Phil Collins 👏
omg i was totally gona write something along thr same lines lol. maybe bald men all look alike.
💯 Forex Phil
If you try using something else other than pivot point, he will tell you: "No... think twice, cos it won't be another day for you in paradise".
@@not_enoughmana i have a woodie right now!! LOL
Congratulations on still being able to fit into that jacket. Job well done.
Thanks for the compliment, Martin.
Pivot point are easy for anybody.Thanks a lot Andrew!
Yes, they are! My pleasure, Naing!
This is the best video about pivot points on YT. Very well explained!
Thank you very much for your feedback.
Thanks! I applied the formula automatically in my MT4 and its works!
Could you please provide some info on how to apply the formula in MT4?
1:40 I was hanging out to see the Phil Collins Indicator. Great content - thanks for sharing :)
nice helpful video on pivots - I'm just starting to use them and find them fascinating and very successful. Thanks
Glad you enjoyed the video. Stay tuned for more!
Teach me,how you used this pivot
This was great! I already use the traditional!
Thank you for this presentation. It was worth my time
Glad you enjoyed our videos. Stay tuned for more.
Good video,contiue educating
Very useful 👌
Another great video - thanks
Q - do you use Pivot Points to this day?
thank you sir..
Thank you sir
Student trader here - enjoying your videos.
Great stuff
Thanks, Archie!
Good work, tq
👍Thanks, the look-back to the 80s, and origin story, explains the line between the 'subjective' selection of the PP's schematic and their objective, unemotional use. 👍Btw, today do algos and high-speed bots still operate off of PPs ???
Hi there! Nowadays you can find thousands of high frequency trading bots, so there are many variations of EAs. I invite you to learn more at howtotrade.com/
Didn't know this existed until today!
Thanks to much I really enjoyed your Pivot point lessons. Please sir how can I get in touch with you to know more
This is very useful and simple to understand. Thank you.
Thank you! Glad you enjoyed the video. Stay tuned for more!
@@ForexSignalsTV subbed.
Thanks, good to have you TD.
Thank you. I will be watching more of your videos.
You're most welcome Redpillgirl 🙂
You're most welcome Redpillgirl 🙂
your the best
i used that indicator couple of time its soo profitable
Thank you
My pleasure, Muhammad!
Chhers mate, great content 👍
Thanks for the feedback, Eli. Stay tuned for more.
Hi andrew, how do we get script of this pivot indicator for mt4?
Great lesson
Thanks for the feedback.
Miami Dolphins colors! I like it! 🐬
Thank you again Andrew.
My pleasure, Robert! Glad you enjoyed
Using Woodies, monthly, weekly, and daily
Traders biggest enemy is trend flipping on A dime(e.g. 1H/lower time frame trend).Trend on 4H chart is the best trend guide for majority of forex traders( if one keeps trades for 2-5 days). By the time trader realizes that trend on daily chart is up, market has already gone up about 3-5 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start.Trend based on the last 5-10,four hourly candles has enough players/juice behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced asset. We seek your wisdom?
Is it a viable strategy to use pivot points at the FOREX weekend break, in order to place your positions for the coming week?
Hi there, please visit www.forexsignals.com for more information.
Q? As I understand this the pivot points are based on Daily candles but trading can be done on preferred lower
time frames?
Contact us via the email in the description for all queries Robert
But then, at the beginning of the day should I mark the main supports and resistances or the Pivot's??
There’s plenty of pivots out there that do the calculations for you. There’s the pivot points all in one or the Wyatt’s pivots. Both are really good.
when can we used these indicators
If a gentleman who was trading hundreds of thousands of dollars basically tells me "throw out the fib's and that other crap and focus on basic pivot points" I am inclined to listen.
They seem to work in the futures markets too
Thanks for the comment Paul,
Unfortunately, I've thoroughly tested the pivots for about a year now with my trading. They tend to be more of a bias indicator then actually support/resistance.
Hint hint: it’s the only true leading indicator
pretty much everything I saw on the internet or I came up with has the same result 50/50 - the spreads😅
Will it work daily pivot points for trading on 1hr chart?
I keep the weekly pivots on the 1H and the daily pivots on the 15.
nice blazer
Thanks, Abu! Glad you like it.
hello sir
please i will like to get move training from any benevolent helper
trading has always been my dream but find it quite dificult at the moment
Hi there, please visit www.forexsignals.com for more information.
phil collins teaching forex
for waht timeframe these indicators used to
Her user name is investwithAnnaLawerence
do your earn more on youtube videos or forex trading,?
are you selling that indicator?
The problem with pivot points that I can see, is the fact that no two fx brokers have the same prices. So the pivot points will be different with each broker. How do you get around that.
Sus-Sussudio!
How can i get the link to pivotpoint
Our trading coaches inside the platform that we offer would be glad to answer your questions. We invite you to register to our free trial here: www.forexsignals.com/#register-tab
What I'm curious about is if a particular indicator/trading strategy yields such a highly profitable result, then why does that same guy even bother to make tons of videos about other strategies claiming to yield the same results? I mean, most people, when they FINALLY find something that works for them, they usually stick to that method because it cost them a lot of time, effort, and money to find the right combination. Why doesn't that rule apply here?
Where can I find the indicator on MT4?
Her user name is investwithAnnaLawerence
I still dont know what the Close price is
Hi there! I invite you to join us for 7 days free trial. Inside the academy you can learn all the concepts that you need. Here is a link: www.forexsignals.com/
This guy has never shown his verified trading account .he is all talking but there is no truth he can show to users so be careful .
He doesn’t have to and don’t feel so entitled to think that anyone has to show you anything.
Lol, people make money with this! 😂
Learn price action, thats easier than this shit.
And why not teach the price action
Haughtiness is not a good look on you. Pivot points are just a tool. Use them or don’t use them, but don’t come in comment sections with your negativity just because you’re too lazy to learn them. I am very successful with them in conjunction with my other tools. Your opinion is subjective at best.
Thank you
You are most welcome! Stay tuned for more.