About Pivot Tables

Beginner Questions
1

Dear All Reader / Traders.

Would you please clear me that Above the pivot point we have to take Buy order or Sell order and the same in reverse in Below the pivot point we have to take Sell order or Buy, please help me to clear these points and then which is best one Fibonacci or Standard Pivot .

Thanks to all in advance.

2

This all sounds a bit complicated. Its your first post so perhaps you’re new to trading - if so, are you sure this is the best approach for you right now?

3

yes, I think so, because in demo I found it little better than all indicators or signals as a day trader.

4

I respect your findings from demo trading but that’s not saying much. Most indicators and signals are poor, so its not surprising or particularly impressive that something better has been found. But I wonder if the price of performance, complexity, might be too high to be sustainable.

1 Like
5

I"m just confused regarding After and Below of pivot working where is selling trades should be taken and when Buy, if price hits 1st R1 what we have to do, taking sell trade or buy and same when price hits to 1st Support S1 here we should take Buy or Sell order.

6

If you found it worked well during demo, then wouldn’t you continue to do the same? I guess I don’t understand what you’re saying.

7

I don’t understand what you’re saying.

please ask what u did not understand.

8

You said you found pivot tables more successful in demo trading, but you’re asking whether you buy or sell. If you found it successful, then carry on with that. Or are you saying that you think they identify trading points better? If so then it should be obvious from the price which way you should trade.

9

Dear Bro / Sis,

this is demo account most of the time we don’t take serious about what trade we are taking sell or buy, demo account testing can’t make you a successful until min 80% you are authentic with your working or decision and as a beginner I am still love to get a max knowledge from this tread / peoples and seniors. I read this on web

  • If the price is nearing the upper resistance level, you could SELL the pair and place a stop just above the resistance.
  • If the price is nearing a support level, you could BUY and put your stop just below the level.
10

Fibo is such a useful support/resistant tool; but you have to understand the market context to identify the power of each support/resistant level!

1 Like
11

Valued your response ------Yes, we must have understand market context to identify the real S&R values and behavior…