Anyone that has seen classic trading documentaries showing the Chicago Mercantile Exchange S&P Futures pit knows that there were no computers in the actual pit. Instead, traders developed other and simpler ways of figuring out how to trade, and one of those tools invented in the pits was the pivot point indicator. It uses information about the last day’s trading range and closing price to figure out an average price for the next day and provides corresponding support and resistance levels for profit and money management tactics.
The simple, yet potent Pivot Point indicator is still being used by thousands of traders worldwide, and in our special video, we show you how you can use it to optimize your trading.
Watch the video below and learn what the indicator is all about, why it was developed, how to use it. We also show you how to install it to the MT4 desktop version, and show you how an experienced trader uses them to understand market momentum, and figuring out necessary support and resistance levels.