How to trade with pivot points

Traders need to learn that the more trading information they learn  is that while indicators and oscillators can help in making good trades, they can’t be used as primary decision making tools but help in the trading process. These tools don’t know anything about supply and demand areas on your charts. However they do up the chances of making a good trade. They are mathematically generated lines on your chart. The math is always correct. Thus that  leads to profits or losses in your trading account is the question most new traders need to think about.
The support and resistance of pivot points may help to identify or even strengthen supply and demand zones found in your charts. The pivot point itself is simply the previous day’s high + the previous day’s low + the previous day’s close divided by three. This pivot point can act as a support or resistance level for price and can be applied to equities. This time is figured at the five pm closing of the exchange.
By using this pivot point number and some additional mathematical calculations, we can derive several additional support and resistance numbers. In fact, there are calculations for four support and resistance levels. We can use these pivot support and resistance as possible entry and target points for trading.Although the main use for the pivot points is intraday charting, you could plug in the weekly or even the monthly high, low, and close to determine the future support and resistance for swing and position trading.

Professional Techniques For Short-Term Currency Trading

GBPCHF

Symbol : GBPCHF

Direction : Identified time : 2019-07-08 20:00 EDT Breakout price : 1.24417 Forecast price : 1.24863 Forecast pips : 45 Probability : 57.64 %

Pattern : Triangle Interval : 240 Min Pattern : Resistance Interval : 240 Min

Crude prices 7/8

Crude prices are likely to struggle at the start of the week as Iran seems ready to seek nuclear talks with European nations and as global economic uncertainty continue to hamper the demand outlook for oil.  Geopolitical risks remain plentiful, but the start of the week could see Iran worries ease.  While the diplomatic pathway between Iran and the US seems closed, it certainly is open with Europe and that could be positive for bringing stability to the Middle East.  In what is likely a political posturing move, Iran appears set to abandon the uranium enrichment levels agreed to in the 2015 nuclear deal.  Sunday was the end of a 60-day deadline Iran issued European nations for delivering some relief from the US sanctions.  Iran reportedly is ready to issue a two-month extension, a move that should highlight they really want to work something out with Europe. 

This is how smart traders become successful

Remember that any trader should only trade with money that you can afford to lose. If you are scared to lose then you should not be trading, so when you have proven to yourself that you can make winning trades eighty percent of the time then you can increase the amount you put at risk. If in your trading you are always trying to get back to break even then you need to step back and see what you are doing wrong. Has something else has appeared that you never saw the first time you started to trade. Did you let emotions take over and not make the trade, were you distorted by the greed of making more money or the fear of losing on the trade.
 You need to change your thinking and you will be a smart investor, because if you always do what you've always done you will fall into that losing pattern again.  You need to go back to look at the trade setup again and see why it was a bad trade. What could you have done better to analyze when to enter the trade. This is how smart traders become successful and keep taking money from the new traders. You haven't put a stop loss in and the price action makes a sudden and dramatic move and you start chasing a losing trade hoping to get back to break even. You must change your thinking to break the pattern and become a smart trader and investor.

The most powerful patterns for Forex traders

Credit spreads 7/2

 Credit spreads are pricing in much optimism again, risking a widening if there is no agreement after the U.S. and China agreed to resume trade negotiations at the G-20 summit last weekend, LBBW analysts say in a webinar. Credit spreads have narrowed following European Central Bank President Mario Draghi's speech in June in Sintra, Portugal, where he signaled at more easing measures, they say. This narrowing trend was supported by the G-20 meeting and enabled credit spreads to almost fully recover from a widening course occurring since early May. LBBW says. "Since we see economic headwinds for 2020, we expect the [credit] spreads to tend to widen in the coming months," LBBW says.