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Forex Pivot Point Calculator

To calculate the Pivot point, two Resistance and two Support points based on the previous period High, Low and Close prices.
      Input    
Res2
High  
Res1  
Close Pivot Point
    
Low  
Sup1  
     
Sup2

How to use this Calculator

             - Input yesterdays (5pm EST)  High, Low and Close prices for your currency pair.

- Press the button

Used Formulas

P= ( H + C + L ) / 3 

Res1= 2 * P - L | normal trading range
Sup1= 2 * P - H | for the next period

Res2= P + (Res1-Sup1) | extreme trading range
Sup2= P - (Res1-Sup1) |

Res3= H + 2*(P-L)
Sup3= L - 2*(H-P)

Common Strategy for Daytraders on the Forex Market

1. Wait for the prices to reach the Support (Resistance),
2. Look for reversal patterns,
3. And then go long (short) with a tight stop and a decent target (or trailing stop).



There are many trading techniques and strategies associated with pivot levels. Here are some:
  • Be long above the pivot point and short below it. (directional bias)
  • Short at each resistance level and buy at each support level. (entries)
  • Take partial profits at each resistance/support level. (targets)
  • Place stops above/below resistance/support. (stops)




Fibonacci Calculator

4XGenie

 Enter Base Value:

Enter Second value:

Select X:

Here's your output:








Fibonacci numbers are the result of work by Leonardo Fibonacci around 1170 while studying the Great Pyramid of Gizeh. The fibonacci numbers are a numerical sequence shown below:

1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144... and so on to infinity

This sequence of numbers appears to have little importance to the untrained eye however there are many remarkable properties:

1. The next number in the fibonacci sequence is obtained by adding the current and previous number, e.g. 1+2=3, 8+13=21


2. After the 1st couple of numbers, if you take the ratio of any two consecutive numbers you get approx 0.618, e.g.

3/5= 0.6

5/8= 0.625

8/13= 0.615 and so on


3. If you take the ration of two alternate numbers you get approx 0.382, e.g.

3/8= 0.375

5/13= 0.385

8/21= 0.380 and so on


It has been found that the Fibonacci numbers sequence can be used to predict many things that occur in nature, science, math's and engineering. In trading the sequence is used as the basis for the Elliot Wave Theory which is used to predict stock market patterns.

In the technical analysis of stocks Fibonacci numbers are commonly used to determine potential support, resistance, and price objectives.

A 38.2% retracement usually implies that the prior trend will continue, and are considered natural retracements in a healthy trend.

A 61.8% retracement implies a new trend is establishing itself.

A 50% retracement implies indecision.

The average trader does not need to know all the details about the sequence because all the calculations are usually performed by the trading tool (if it incorporates fibonacci numbers). However, the trader must understand how to apply the retracement levels in order to make trading decisions.


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FIBONACCI RISK PROBABILITY CALCULATOR
FIBONACCI NUMBERS
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