Monday, July 16, 2007

Day Traders....here's the secret!


Every day I trade index futures using the Pivot-Point-Calculator.It can also be used for forex,bonds,commodities,stocks,options and any other financially traded instruments that has a HIGH,LOW & CLOSING PRICE in any time period.
This trading strategy has been around for a long time & was originally use by floor traders.You must use the previous day price range to calculate the potential turning point for the day you are about to trade.

THE PIVOT POINT CALCULATOR

HIGH
RESISTANT 1...............................(high + resistant 2)/2
RESISTANT 2...............................(pivot point + high )/2
RESISTANT 3...............................(pivot point + resistant 2)/2
PIVOT POINT
SUPPORT 1...................................(pivot point + support 2)/2
SUPPORT 2...................................(pivot point + low)/2
SUPPORT 3...................................(support 2 + low)/2
LOW

This is the fastest & most practical method ever I've discovered,it also helps you in decision making & setting the required price.So try it out yourself,no harm!
Good luck & happy trading.