see what it's all about. If you don't wanna stay, you don't
That bell notification. Well, you know the drill on that one.
absolutely free to attend for a week. See what you think and
description tab below. It takes you to where you wanna go um
in, let me know you've come in from this channel so that I can
take part in that, you can do so. Uh just register, hit the
and I'll see you there inside our live training. It's
lose and I think everything to gain and also when you do come
roll out the red carpet for you. Okay, I'll see you next
Don't forget to follow us on all the socials as well. And as
have to. So, that's not a problem. You've got nothing to
you know, we are streaming live around the clock. If you wanna
now to subscribe to the channel if you don't already do so.
I've not have too much exposure on those myself. Don't forget
one for pretty much most of the day. Then broke up um through
haven't traded picked these. Some work, some not but I want
you're doing your own analysis how R two uh the following day
although did respect on the way down um and the previous day um
this day here we respected um support to down here which led
got quite a few cheatsheets out there now. Well, worthwhile
to that big big uh V-shaped reversal. See quite often when
Don't forget to leave me a comment. Let me know if you're
special downloadable cheat sheets that you can print off,
research. Now as I said this does come with one of our
pin bar. That is your trend continuation trader right there
not very much going on there. Quite a tight range. Uh you see
you something to think about. Something to go away and
a look here at the previous day. So the previous day we
Euro yen uh live real time charts as well at the moment.
yesterday. Uh we opened up pretty much at yesterday's
trader pivot points as well. I'll be interested to hear cuz
again. Again, that's your your breakout. Your retest and trend
using pivot points. Actually, let me know if you're using
We just seem to be hovering around uh the daily pivot from
up to Rone where it bounces off and comes back down. Let's have
one. Again, and the previous date, we open up here just
seems to contain price. Maybe this is something you can work
get laminated, stick it on your desk, stick in your file with
give me a thumbs up. If you didn't, give me a thumbs down.
What I'll do now is I'll jump on to the screens, show you
continuation and we can go back in time as I say this is the
close. Plotting the levels for today. I'm gonna scroll back. I
keeping them uh safe and easy at hand. If you like the video,
yesterday. Not much going on there. Uh looking back at
the link in the description tab. It will take you directly
all the library of content that we're putting out here. We've
where it holds then rolls back with this bearish pattern here
pivot. Trading straight up to um R one and stayed around R
continuation. Let's have a look at the previous day. So the
another version of the pivot points, not just the the floor
pivot and we are respecting pivot for now. This is a live
the pivot where it holds for a while and then breaks out the
open up well below the pivot point and moves back down into
broke up through R two and then back to test R two with this
course you can use the pivot point calculator and just plot
Aussie yen. Let me pull up another chart. Okay so this is
with. Okay so I hope you found that useful. Certainly gives
to R two. Didn't really respect R two on the way up. Er
a look at the previous day. So here's the pivot point. Uh we
Sone bounces off it initially and then back down to Sone
way up to R one where we spent much of the day. And then we
below the pivot point. Again, moving up to the pivot point
previous day we open here. We move quickly up to R one and
respecting Rtwo on the way down at the breakout uh retest and
it's shows me all the levels in previous days. It's working out
straight back down to Sone and then reverses back up again to
them manually yourself which I actually think is quite a good
pleasantly surprised to how powerful the are. Come on,
uh pivot points. Now depending on what platform you're using.
breaks through back up to retest and moves back down
calculator. I'll just leave these in at default settings.
opened here just about the pivot point. We moved all the
opening uh slightly above the pivot. We trade down into the
idea. So what we've done here I've loaded up an indicator and
interactive board. You've got the Woody, the Camarillo, the
Fibonacci as well. I guess I suppose if all these can uh
what it looks like on a real chart and I think you'll be uh
the open as well because some of the other forms of pivot
calculator does. If you scroll on down, you'll see the
then back down. Pivot point holds and then back up to R
probability to get your win loss ratio up. If your profit
levels, plot them on your charts for the next days uh
I just use these as a default. If you hit calculate uh then of
Tomdy Marks, the Fibonacci. Uh if you go to the right, you'll
but again, if you want to use the others, you can input it in
on what platform you are using. Okay so now let's have a look
chart as I say. It's uh moving um uh in real time. Let's have
behind them. But I'm only interested in the floor uh
standard floor. I've already discussed that on the
them er elsewhere and load them up um should you wish to. Of
levels here. So you just mark these onto your chart depending
Some platforms have the pivot point calculator preloaded.
example, uh time of recording uh Thursday here. We've had an
levels of support and resistance to increase your
to show you how they look on a chart. So, here today, for
the low, the close as we discussed but also gives you
price action. And you got the Woody, Camarillo, DeMarc,
amount um so that you're not gonna be risking um your whole
on previous days price action. Previous days high, low, and
course uh these will be your levels. So you can take these
analysis doesn't use the open. The floor trader pivots do not
Others do not. MT four MTfive does not. Um but you can locate
different um pivot calculations and here is the actual
at a price chart and see how price has uh reacted to these
confirm with each other they may even add to more power
see the formulas as well uh that pertains to those
trades. I think it's really powerful to use these key
let's go. Okay, so let's have a quick look then at our pivot
itself. That will create you uh create an established risk
remarkable how these lines have been respected. Certainly, when
You'll see here that the default setting um is the high,
Using these uh pivot points for entries with the trend can
in. A filter. Don't take the trade if it's through a key
to retest, that could be your entry. It's really quite
different forms of pivot analysis. You've got the
certainly think it's worthwhile you doing some research on the.
way. So basically, there you have, you might have a buy
to this page. Gives a brief um description of what the pivot
of that trade and just wait for the next one. People, traders
might wanna place your stop below the next pivot point
conjunction with other price action or support and
point calculator. Now, you're gonna access this by going to
these uh pivot points. So they're basically the five ways
placement. Um so, if you were to put into your strategy
their win-loss ratio maybe that's something you wanna put
below which in this example would be the actual pivot
moment ago, a lot of traders, they struggle with stop
that I think you can use pivot points in your trading. I
I was doing my research before this video today, I was
trade there and the break of Rone, you know, hoping for it
level of support or resistance which can be depicted by using
target or your potential profit target is the other side of a
other Rones or Sones or so forth, then that could be a
trading up. Okay and we take a breakout. Okay so now we have a
often compelled always to be in a trade to the detriment of
to continue um up. That's the breakout retest trade uh and if
it's a time for the markets to reverse. So, keep an eye on
is. If your profit target is there, maybe you wanna keep out
key level of Sone or um R one or R two R three or whatever it
in the trade. Use as a filter to keep out of low-risk reward
you're wrong, of course, you need to get stopped out. You
certainly into your back testing that you're gonna place
again, in your trading plan. And off it goes to the top of
account on a trade. You should always be using stops in the uh
your stops below a pivot point, the pivot itself or one of the
course. Right, used for stop placement as well. As I said a
floor because everyone was using them but it does seem to
be um you know, quite um uh quite powerful in terms of uh
actually quite amazed. I know they worked on the trading
support and resistance. So, using that for retest uh here
resistance by looking back left in the chart. The third one I
often seen uh in trading that old resistance becomes support
on the buy trade would be a good um uh potential entry but
and old support becomes resistance once it's broken.
retest. Retest possibly leading to a move to the upside. So we
price action happening at one of these levels, then maybe
those uh entries um but again, I think you should use in
expect these lines to be if they get breached and come back
wanna talk about is used for breakouts um and entries. You
indeed uh be a useful way. So here we see the market's uh
obviously in your trading pattern. So, if you see certain
at R one or same at Rthree as well but again, that is
that this wants to reverse back down on itself um by uh
respecting Rtwo um as a potential turning point. Same
and resistance and these pivot points as well. So, there you
scale out all positions. A lot of people, a lot of traders
lines of R one, R two, Rthree could be a way you wanna do
off we go again. Okay, so now we're seeing the market's
what we call a double top. Maybe this is an indication
trade there um at R one and that's where you take profit
takes out a lot of the emotional stress which as you
use potentially um a price barber below the um the er Sone
You can use these for entries for countertrend and reversal.
your trading platform, you'll see below the support lines as
have the chart with the um the uh pivot points there. You got
for take profit targets to scale out of profit positions.
what have you. Okay so let's look at these in more detail
I think this is one of the common ways that people support
I always say you should be using technical indicators in
like to scale out not uh having one profit target but it
conjunction with other price action perhaps or other um
of people trading these days I think uh confuse themselves
points and levels will come in um for the next day's trading.
so that you're not left to any uncertainty and so forth. A lot
Giving you ideas of where you can basically buy or sell take
the pivot down here and you've got uh the R lines above and
know is the biggest killer of most traders. So that's used
support or resistance or one of these R ones or Rtwos or or
moving up. Okay, we hit R two and we hit R two again. That is
stops in there as well somewhere. Then of course that
two could be there at R two. Resistance two. Um and uh off
front of you there's your take profit target levels maybe have
real life chart examples. So here we have a chart. So once
down to the to the R lines. So, use to take profit targets to
Now in this video all under doing is looking at uh the R
and then we'll jump on to the charts and I'll show you uh
Er if you're struggling with stop loss keep it simple. Just
gonna work because it's all cherry picked to work. Uh TP
some good levels, some decent levels to pin your trades too
with so much ambiguity. If you have your rules laid out in
we go again and TPthree would be there at Rthree. Giving you
target one would be and then obviously the market goes on
that. So, as the market starts to trade up, you'd exit the
to keep you out of low risk reward trades. Basically you
countertrend trades, for those reversal trades where markets
exiting the trade at multiple different levels. Using these
lines. The resistance lines. Of course, when you plug this into
again. Of course, it is a uh presentation. So, clearly, it's
indeed it also um it is quite um uh widely used level so it's
the pivot times about two and subtract that uh from the low.
placement. A lot of traders they struggle with stop loss.
well. And the support will be two times the pivot minus the
profits and so forth. So the idea that the price is gonna be
ways that you can use pivot points which basically support
well but it's too much going on on the screen so I just put it
more detail in a sec. Used for breakout entries. Pretty much
support and resistance by looking back left of the chart.
come into a big level and wanna turn back on themselves. So
minus the low. Very simple calculation. Two times the
like any support and resistance lines really. Um you can use
conjunction with something else as well. Use for stop loss
show you also where we can uh help you in that regard as
get to the actual levels themselves. So, Rone, that's
you see that at the end of the trading candle um the pivot
high. That'll be this line down here. S one. S two is gonna be
average of the high and the low. Now, you have the pivot
and resistance lines and I'm gonna go through these now with
Resistance line two is basically to uh the pivot plus
or S two or S three or whatever it is. Um and used as a filter
gonna basically contain price in the next period of trading.
contained uh as I say in that period. Now, there are multiple
these in the same way. You can use these for entries for
admit we never used uh the Rthree on the trading floor but
don't wanna be taking a trade. Straight into a key level of
they are great for that. Again if you use er these in
from now. And S three is gonna be low minus two times the high
what the range is. That's simply the difference between
by three, you get the average, that is your pivot point.
scale out of a position. We're gonna go through this as I say
there as well. Now you don't really need to be working these
plus two times the pivot minus the low. Uh you can work it out
pivot minus the low will give you this R line here.
you. First off, you can use them for take profit targets to
the pivot minus the range. Okay you can see where it's coming
case but this is my floor trading jacket. I started my
the high and the low in that given time period. It makes the
you're gonna be using pivot points. After these are high
minus the pivot. you So work out that you get the high minus
point, it's a good idea to work out the range. Well, we know
days I spend on the trading floors in the city of London.
support three, and above you'll have the resistance one, R one,
out because it's all done for you these days and I'm gonna
it out in terms of Sone, support one, support two,
people don't want to get too involved in calculations but I
pivot line itself. Now, I just wanna talk to you briefly about
and R three slightly more complicated on this. I must
closing price in the pivot as opposed to just using the
important. So let's just focus now on the floor trading pivot
That's because we invented them but since then, there has been
quite simply the average of the high, the low, and the close
resistance line one. It's basically two times the pivot
the range as well. So, very simple calculations. Now, let's
R two, and Rthree and in the middle, you would have the
there with us all day long. But we had to work them out first.
to the closing price. So, that's why we like to use the
further calculations a little bit easier once you know the uh
over the previous time period. So, you add them all up, divide
DeMarx, and the Fibonacci as well. Now, I don't actually uh
plot potential support and resistance lines based on what
Now the thought is the thought is that these pivot points are
first off, you need to work out what the pivot is. The pivot is
the range so the pivot is here the range takes it up to R two
literally hundreds of thousands of dollars on a daily basis.
how these are calculated. We literally calculated these with
certainly worth putting it on to your charts as well if
to have levels of support and resistance just by using a good
That's the high, the low, and the close. So, it puts weight
on our cards in the trading pits and basically have them
think it's important that you know the workings behind them
the previous day and these are called the pivot points. Now,
a pen and paper calculator in the trading floor. Write them
good old-fashioned calculator and that's basically how these
points. As you can see what these pivot points do is they
in the trading pits. In the city of London. Now, I was on
use these uh ones myself. In fact, um we really did floor
indicators, the technical tools that we have today, the and all
when you are gonna apply them to your own trading. Okay, so
old-fashioned calculator. Based pretty much on what happened
happened in the previous day. Or the previous time period.
And basically, it's a very simple calculation. I know some
in particular, you've got the floor which I've just spoken
you may have heard them called the floor trading pivot points.
Whatever way you want to look at these. And it basically maps
download it, print it off, get it laminated, stick it in your
trading ones are the only ones that I think are that
about. I've heard of the woody, uh the Camila, um the uh Tom
Back in the day, we didn't have all all the technical
trading career for those who don't know back in the wild 80s
the trading floor, shouting, screaming, buying and selling,
that. We didn't have any all that. All we had there
the emergence of other ways that these are calculated. Uh
sure you watch the video, then, it will all make a lot more
basically was our mouths, our ears, our eyes, hands, and the
It's the floor trader pivot points. Now, we've also got a
for me anyway. Basically, it takes me back in time to the
pivot points were developed. Enabled trainers on the floor
is he dressed like an ice cream seller? Well, that may be the
library of content that we dishing out here on the
sense. Come on, let's get to it. You may ask yourself, why
week. Have a good week.
channel. Before you do, download the cheat sheet, make downloadable cheat sheet with this video. So, you can
Hi there, folks. Hopefully you are well. We have got a real
special treat for you again this week. Well, it's special