Ektrader

One of the reasons Pivot Points are used by market makers is to create market activity during quite market periods or when the order flow and/or volume isn't moving price on it's own. (kind of a nudge to create interest). If there is a large gap between 2 S/R levels, PP's will normally be the first stop or market turnaround if there is not enough volume to continue.

If you have the charting capability, put up daily pivot points and then go to a 15 minute or 30 min chart and you will see what I mean. Their are a few different tactics and techniques to use PP in everyday trading that work very well. Or, You can continue to pass them off as totally useless. I'm just trying to share the love.

Ektrader

__________________
First you will hate it, then you will debate it, but eventually you will know it as truth!.
For LIVE Trades, setups, market insight, and other interesting stuff. Visit my video blog:"The MIXTAPE"

Thank

 

BrendanEgan88

Bingo

__________________
My InformedTrades Blog | My Price Action Trading Course

Thank

 

trendisyourfriend

Pivot points are to price action what music scores are to music:



When you think about it similarities are staggering:

__________________
Even with a coin weighted towards heads, sometimes it will come up tails.

Thank

 

Z+0.0016

[QUOTE=trendisyourfriend;522143]


Benchmark score?