Pivot Point vs conventional indicators

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Expert: Karina Fabi

Registered Users: 2

Forex
Technical Analysis
Price Action
Beginners
Intermediate

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Real price action traders will not use charts or conventional indicators to backup price action trading. Pivot point is the closest set up to get to right on point to trade prices. This presentation will go around the pivot points until you can see how to read the daily swing of the day. All pivots are better used for high volume instruments such as fx, commodities and international index. Volume is also not seen in indicators, candlesticks are enough to get volume information.

Topics:

Set up of pivot points in MT4
Pivots formula
Market swing vs scalping with pivots
Volume with candlesticks
Final strategy over pivots