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Pivot Point vs conventional indicators
Monday, December 9, 2019
Expert: Karina Fabi- Forex
- Technical Analysis
- Price Action
- Beginners
- Intermediate
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:
Co-Founder of "Watch My Trading", the first Spanish-language platform for real-time currency trading with macroeconomic data scenarios. Specialist in intraday trading in currencies, commodities and indices. She began her trading career with Price Action from her hedge fund experience in New York City in 2008.
Topics:
- Set up of pivot points in MT4
- Pivots formula
- Market swing vs scalping with pivots
- Volume with candlesticks
- Final strategy over pivots
Co-Founder of "Watch My Trading", the first Spanish-language platform for real-time currency trading with macroeconomic data scenarios. Specialist in intraday trading in currencies, commodities and indices. She began her trading career with Price Action from her hedge fund experience in New York City in 2008.