End of day trading strategies forex broker

The end of day trading strategies forex broker pivot point trading strategy has been around for a long time. The reason pivot points are so popular is that they are predictive as opposed to lagging.

The Commitment of Traders strategy is based on a weekly report where large institutional traders have to disclose their long and short positions. It is useful as it helps you determine when a market reversal is looming. The formation of a pin bar is actually a trend reversal featuring 3 bars. This strategy is a basic scalping strategy that aims to make quick gains off of the day’s high or low. The rules for entry are very basic and easy to follow. Richard Demille Wyckoff’s method, which compares prices in relation to volume, was later expanded upon by Tom Williams.