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What is pivot point and how to use it on Forex? What is pivot point and how to use it on Forex?
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Old 05-09-2007, 12:48 PM
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What is pivot point and how to use it on Forex?
Hello!
I’m only a beginner on Forex. Could someone help me, please, to understand what is the Pivot point and why Dow Jones pays so much attention to it and gives it every day? I place their Pivot to the chart, but do not understand what exactly it means. The price simply breaks it as if there is no any significant level there at all.


Why after point breakout trend not go up?
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Old 05-09-2007, 12:55 PM
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http://www.babypips.com/school/pivot_points.html
There are 5 pages about Pivot Points.
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Old 05-09-2007, 08:03 PM
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Today the Pivot seems working pretty well, look here:
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Old 05-10-2007, 06:10 PM
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Do you mean the Pivot is a place where the correction ends and the previous trend continues? How do you practically use the Pivot?
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Old 05-13-2007, 01:01 PM
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DJNA gives the Pivot every day and a formula for calculating it.
Pivot=(High+Low+Close)/3
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Old 05-13-2007, 02:55 PM
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Daily pivot points
Here is a link to a site that displays daily pivot points for different pairs

http://www.mataf.net/en/analysis-pivot.htm
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Old 05-14-2007, 01:08 PM
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Hi. Does anyone know where to get that Dow Jones news in the Internet? At their site the news line costs a lot((
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Old 05-14-2007, 02:38 PM
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Originally Posted by Energie2k
Hi. Does anyone know where to get that Dow Jones news in the Internet? At their site the news line costs a lot((
Alpari rus broker is having it for real clients. Other brokers may have it as well.
Besides there are some free websites in otgher languages than english.
It is free website in Russian for example (news with 30 min delay) http://www.djforex.ru/ and there are some more websites in some other languages.
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Old 05-14-2007, 03:47 PM
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Quote:
Originally Posted by newdigital
Alpari rus broker is having it for real clients. Other brokers may have it as well.
Besides there are some free websites in otgher languages than english.
It is free website in Russian for example (news with 30 min delay) http://www.djforex.ru/ and there are some more websites in some other languages.
Thanks, and do you know any english website, where dj news are free?
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Old 05-14-2007, 04:36 PM
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Originally Posted by Energie2k
Thanks, and do you know any english website, where dj news are free?
I don't know.
It is the better to check your broker.
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