How to trade using pivot points often

How to trade using pivot points often

Breakout Trading

How do you trade the breakout, just as it will not work here. If price crosses the pivot line and crime are close, but usually go by what the price is.

Means that the price was below the pivot point at the green area and green space beyond the Pivot line is at the top.

Broke the pivot line, that means that the price will start to go towards. Breakout trading is the way, the brakes will be open to trade in the direction of the latter. When you open the trade, then you will set the broken line profit loss will stop right opposite the next line.

See the chart above. Was to open trade .0550 (Green Line) praise. The pivot point at 1.0535 stop loss will be set (red line) below. You will profit in the neighborhood of R1 of 1.0594.

This trade was only 40 pips. There is no reason to get too excited. Because they do not always work. Technical analysis with something else, maybe you can be sure you utilize any windows version using it that you're not going to make the wrong trade.