Floor Trader Pivot Strategy

Floor trader pivots are support resistance levels that floor traders have used in the pits of the exchanges for many years.

Floor trader pivot strategy. I am only focusing on the pivot itself a future article will include the formula s for those levels and use to find range expansion. Pivot point data can also extend out to support 1 2 and 3 levels or resistance 1 2 and 3 levels. Trading with pivot points is the ultimate support and resistance strategy. Depending on the type of pivot formula used you can generally generate and use up to 9 levels.

The market is considered bearish when it s below. Floor trader pivot calculator calculate pivot levels for any trading instrument. The pivot is the primary starting point for tools to incorporate into your trading. If you want to take full advantage of the power behind the pivot points.

Floor traders and other professionals who do the actual buying and selling of futures contracts in the trading pits of the exchanges generally employ very similar systems for valuing the price of these instruments in. Pivot points are also know as floor trader pivots or pivots or floor pivots or session pivots. You need to learn how to trade with pivot points the right way. It will take away the subjectivity involved with manually plotting support and resistance levels.

Pivot system support and resistance explained. Floor trader pivots assist traders in identifying areas in a chart where price is likely to approach and can be used to set appropriate targets while effectively managing risk. How to trade with pivot points the right way.