The EASIEST Forex Trading Indicator: PIVOT POINT Indicator (FULL GUIDE)

The pivot point indicator is the easiest of all the forex technical indicators. If you find other trading indicators difficult or you're a new forex trader, pivot points are perfect for you! Forex trading expert, Andrew Lockwood (from Forex Signals) is going to explain exactly how easy it is to master and use pivot points. Every day, with just a few simple numbers, the pivot point line and support & resistance lines will be drawn for you. These can be used for profit taking, stop loss, and much more! Andrew has also also developed a free pivot point indicator cheatsheet with all the info in this video summarized!

00:00 - Introduction to the Pivot Point Indicator
02:01 - What are Pivot Points?
02:49 - How to Calculate Pivot Point Lines
05:26 - How to use the Pivot Point Indicator
06:34 - Pivot Point Lines as Take Profit Targets
08:14 - Using Pivot Points for Counter-Trend Entries
09:14 - Using Pivot Points for Entries on Breakout
10:20 - Pivot Point Lines for Stop-Loss
11:11 - Using Pivot Points to Stay Out of Bad Trades
12:18 - How to Use a Pivot Point Calculator
13:45 - Pivot Point Indicator Demonstration
17:12 - Outro

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* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.

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[clagccs]

An excellent Singer, drummer and now also a trader...thank you Phil Collins 👏

[naingsoeoo]

Pivot point are easy for anybody.Thanks a lot Andrew!

[martinmclean]

Congratulations on still being able to fit into that jacket. Job well done.

[patrickgamboa]

I love it when you wear that suit it makes me think what you are thinking on the trading floor

[curiocatalystshorts]

This is the best video about pivot points on YT. Very well explained!

[JayHennigan]

nice helpful video on pivots - I'm just starting to use them and find them fascinating and very successful. Thanks

[jonathanlee]

👍Thanks, the look-back to the 80s, and origin story, explains the line between the 'subjective' selection of the PP's schematic and their objective, unemotional use. 👍Btw, today do algos and high-speed bots still operate off of PPs ???

[aaron]

1:40 I was hanging out to see the Phil Collins Indicator. Great content - thanks for sharing :)

[ramachandransankar]

Pivot point is the average price of last session.i understand . But what is the logic behind R1, R2, S1 S3. Why high low is added in some fashion to pivot point to derive formula This will help me understand the depth of calculation

[NazairieNasir]

Thanks! I applied the formula automatically in my MT4 and its works!

[godfreyserumola]

i used that indicator couple of time its soo profitable

[andrewbiggins]

Student trader here - enjoying your videos.

[navketan]

Traders biggest enemy is trend flipping on A dime(e.g. 1H/lower time frame trend).Trend on 4H chart is the best trend guide for majority of forex traders( if one keeps trades for 2-5 days). By the time trader realizes that trend on daily chart is up, market has already gone up about 3-5 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start.Trend based on the last 5-10, four hourly candles has enough players/juice behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced asset. We seek your wisdom?

[Batstrings]

i didnt know Phil Collins was teaching trading. cool.

[liljessi]

This was great! I already use the traditional!

[nifier]

This is very useful and simple to understand. Thank you.

[alechamid]

Using Woodies, monthly, weekly, and daily

[JahonCross]

Didn't know this existed until today!

[doctorae]

What I'm curious about is if a particular indicator/trading strategy yields such a highly profitable result, then why does that same guy even bother to make tons of videos about other strategies claiming to yield the same results? I mean, most people, when they FINALLY find something that works for them, they usually stick to that method because it cost them a lot of time, effort, and money to find the right combination. Why doesn't that rule apply here?

[cnwalker]

Another great video - thanks
Q - do you use Pivot Points to this day?