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The use of pivot point in forex day trading strategies

May 1, 2009 - 9:56am | Articles | Investment industry
The use of pivot point in forex day trading strategies

Pivot point trading strategy is a potent strategy for traders in all markets from equity to commodity. So they are equally relevant for forex trading. Pivot points are calculated from the highs and lows of the previous period. The points thus obtained are plotted as resistance and support. Pivot values can be derived for various periods like monthly, weekly, daily and even hourly.
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