Probability Statistics For Pivot Points

The floor pivot points have always managed to fascinate me with their predictive capabilities. I do not explicitly use them to take any kind of trading decisions; however, I keep them handy to get some idea of the current price action.  Curiously, I have noted that the price action respects the pivot levels on most of the days.

A couple of days ago, I came across this article. http://www.trade2win.com/articles/2124-using-pivot-points-forex-trading

In this article, the author Jamie Saettele has managed to highlight certain interesting pointers about the floor pivot points.

He shows the number of times as well as the % of the time, each of the floor point pivot levels have managed to make the price reverse. Please be aware of the fact that he takes into account of the EUR/USD pair only; and that too for a predefined number of trading days.

Traders who are interested in learning more about the floor pivot points should definitely look into this article.

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