Pivot Point Strategies: A Handy Tool

[forex-101]

For many years, traders have used pivot points to determine important support/resistance levels. Pivot points can be an extremely useful tool for range traders to identify points of entry as well as for trend traders and breakout traders to identify the key levels that need to be broken for a breakout to occur. I find that Marc McRae's Pivot Point Trading article is very useful when it comes to actually applying and trading the levels pivot points give us. It also explains how they can be combined with other indicators to develop other trading strategies.

Happy Trading,
Mike