This article on Pivot Point Trading is the opinion of Optimus Futures
The Evolution of Pivot Points
Before the 1990s, electronic charting systems were not widely available. They’ve been around since the 1970s, and some of the bigger financial institutions had them, but when it came to trading in the commodity pits, most traders used the old-school system: open outcry.
But even the older approaches had their own set of old-school technologies. And some of those technologies were adopted in the current digital age of trading.
One such “technology” is the system of pivot points.
Although pit traders had no access to charting systems while on the floor, many used pivot points to identify Read More