Trading with Pivot Buy Sell

Pivot Buy Sell is one of the indicators that can help you in determining price retracement levels of the market. Because by knowing the price retracement levels of the market means you will know when to open the position correctly. This indicator does not show you the market is bullish or bearish, but using this indicator then we are better prepared to face the market price movements. Remember, although the bullish market moves, the price movement is not smooth straight up, there is a movement going down as well. Similarly, when bearish market moves, market price movements also indirectly down quickly, but there is a small movement that sometimes goes up. The movement is sometimes able to outwit you. Therefore, by using the indicator Pivot Buy Sell then we didn't stray to detect price movement. 

Following is the display indicator Pivot Buy Sell.

If we pay attention, some of the components that make up this indicator there are some lines that are the limit price movement (the retracement). The number of lines has 9 retracement line. Start line 0 (lowest blue) is a buy zone because the price is at a level oversold. And that is the line of the topmost 8 (red top) is the sell zone because prices are already at overbought levels. The rest is the lines as a sign of the level of retracement. Later, at the market price movements will seem to price movements will be crossing the lines.

Each line has a number and description. For example, the line 1/8 "BUY WEAK" means if the price reaches the line likely price will go up so we can open a BUY position. There is also a line 2/8 "MAJOR REVERSAL" means if the price level that would likely happen to a reversal of the price. But it needs further confirmation if the pricing will turn around or not.

Then, how can we use this indicator?

Consider the following image:

Price Retracement

The Next Movement

Entry Buy 

• Note If the price has reached the level of 0/8 "BUY" or 1/8 "BUY WEAK", located very bottom.
• If the price has reached the level the possibility of prices going up, so we open a BUY position.

Entry Sell

• Note If the price has reached the level of 8/8 "SELL" or 7/8 "SELL WEAK", located at the top.
• If the price has reached the level the possibility of prices going down, so we open a SELL position.

So, how to use the indicator Pivot Buy Sell are easy and simple. Use this indicator is used to trade on demo accounts so that we understand well the character of this indicator.

The indicator can be downloaded on the link below.

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