Pivot Point Calculator
Recommendation
Support Levels
S1:
S2:
S3:
Pivot Point
Resistance Levels
R1:
R2:
R3:
How To Trade with Pivot Points: A Simplified Guide
Identifying Price Position:
Analyzing Price Level:
Price Below Pivot (PP) but Above S1:
Entry: Buy if the price rises above PP (potential breakout).
Exit (Short): Sell if the price falls below S1 (stop-loss).
Price Above Pivot (PP) but Below R1:
Entry: Buy if the price climbs above R1 (potential breakout).
Exit (Short): Sell if the price drops below PP (stop-loss).
Price Very Near Pivot (PP):
Entry: Buy above R1 or sell below S1 (cautious approach due to price neutrality).
Price Between R1 and R2:
Entry: Buy if the price surpasses R2 (stronger breakout signal).
Exit (Short): Sell only below PP (avoid selling below R1).
Price Between S1 and S2 or S2 and S3:
Entry: Buy if the price rises above PP (potential reversal).
Exit (Short): Sell below S2 or S3 (respectively).
Additional Considerations:
Target Profit: Aim for a target profit of 0.75%-1%.
Stop-Loss: Use a stop-loss of 0.5% to mitigate potential losses.
Volatility: Pivot points work best in moderately volatile markets. In highly volatile markets, price action may be more erratic.
Confirmation: Consider using additional technical indicators (e.g., moving averages, relative strength index) for confirmation before entering trades.
Disclaimer:
This guide is for educational purposes only and should not be considered financial advice. Always conduct your own research and due diligence before making any trading decisions.