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Pivot Point Trading

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Pivot Point Trading is like most other Forex trading strategies, it is based on probability

Here are the statistics you should be aware of...

This subject and many others are covered in more detail in the FREE Forex Guide available at Forex Useful - http://forexuseful.com/new/members/21812-forex-guide/

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Pivot Point Trading

  1. 1. Pivot Point Trading Pivot Point Trading is like most other Forex trading strategies, it is based on probability Here are the statistics you should be aware of...
  2. 2. Support 1 (S1) 76% 12% 33%Support 2 (S2) Support 3 (S3) Pivot Point Resistance 3 (R3) 12% 76% 76% 33%Resistance 2 (R2) Resistance 1 (R1) Chance Of Hitting Pivot Point
  3. 3. Support 1 (S1) Support 2 (S2) Support 3 (S3) Pivot Point Resistance 3 (R3) Resistance 2 (R2) Resistance 1 (R1) Chance Of Closing Inside Pivot Point 94% 82% 56% 56% 82% 94%
  4. 4. Produced by Pivot Points help identify potential opportunities but should not be traded blindly Common tools to assist trade entry are: • Chart patterns • Candlestick reversal patterns • Overbought/Oversold oscillators • Divergence Pivot Point Trading

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