Floor Trader Pivot Strategy

Pivot point data can also extend out to support 1 2 and 3 levels or resistance 1 2 and 3 levels.

Floor trader pivot strategy.

Depending on the type of pivot formula used you can generally generate and use up to 9 levels. Pivot points are also know as floor trader pivots or pivots or floor pivots or session pivots. 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. 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. 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. 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.

They define an equilibrium point considered a neutral market called the pivot point or central pivot. The pivot is the primary starting point for tools to incorporate into your trading. 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 trader pivot calculator calculate pivot levels for any trading instrument.

Trading with pivot points is the ultimate support and resistance strategy. How to trade with pivot points the right way. You need to learn how to trade with pivot points the right way.