Scalping system #8 (1 minute Scalping with Pivot Points)

Submitted by Edward Revy on March 23, 2008 - 19:50.

The idea behind scalping at Pivot levels is simple. Pivot points are excellent levels of support and resistance. The moment price comes and touches them it bounces off like a rubber ball. Why not benefit from it?

The rules for scalping with pivot points in Forex are simple:

Calculate Daily pivot points for your favorite currency pair. For calculation use data from 5 pm Eastern time to 5 pm next day Eastern time.

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Submitted by Dario on February 12, 2011 - 02:59.

Hello,
what indicator is best to use to fix the pivot points?

Thank you
Dario

Submitted by Edward Revy on February 12, 2011 - 09:20.

Hello Dario,

on MT4, try these two:

Auto_Pivot-mod.mq4
xpPivot.mq4

(to save, right click + save link as...)

Best regards,
Edward

Submitted by Michael L. on March 31, 2011 - 16:46.

Thanks Edward for this simple & great strategy,... I learn and enjoy ur awesome system

Best Regards,
Michael L.

Submitted by Jewel on October 30, 2011 - 14:12.

hello Edward,I could not understand your pivot scalping method.Could you please explain it clearly so that we can understand it.

Regards

Jewel

Submitted by User on November 23, 2011 - 17:38.

Very good Alex - have been trialling a similar scalp strategywith EUR/USD and it seems to work well for counter trend trades when a PP is hit - am working on a sensible TP and SL - thanks for the info and good luck!

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Scalping system #8 (1 minute Scalping with Pivot Points)

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