Stocks & Commodities V. 28:7 (34-38): Measuring The Markets With Pivots by Austin Passamonte

Stocks & Commodities V. 28:7 (34-38): Measuring The Markets With Pivots by Austin Passamonte
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Measuring The Markets With Pivots by Austin Passamonte

Price action across all financial markets adheres to repeated patterns and reacts to evolving price levels through any given period of time. Using dynamic pivots is one way to measure price action in any market.

A critical piece of the trading puzzle is determining which way price trend will go. Stating the obvious? Well, yes and no. Trend is a highly relevant term, pertaining to the timeline of a trade’s expected hold time on a clock and/or distance on a chart. Do we intend to exit quickly or intraday for relatively small to modest gains? Hold through market noise for bigger gains? Overnight or beyond several sessions for trend trade gains? By definition, an uptrend for one relative time frame can be a downtrend for smaller or larger time frames.

You can measure price action in many different ways. Moving averages, trendlines, and basic floor trader pivots are some of many popular chart tools for determining price direction or trend. Floor trader pivots are calculated based on the average of the high, low, and close of the previous trading day. They tend to be static.

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