Traders in the financial markets have many different methods of calculating support and resistance levels. One of these methods is known as the “floor traders pivot points”. These levels were used by floor traders on the commodity exchanges to calculate potential areas of support and resistance. Additionally, many trading systems and approaches make use of these levels.

These pivot points are easily calculated numbers that are supposed to indicate where support and resistance levels may occur. Of course you can’t just buy and sell every time the price touches these levels, but it is useful to have the same numbers that other traders are looking at. They are simple to calculate with a pen and paper, but a calculater will help you do this faster.

Although these levels are usually calculated off of a daily bar, they can also be calculated off of any other time frame, such as weekly, monthly or yearly.

The calculations are figured using the high, low and closing prices of the previous time frame. The first step is to figure out the “Pivot”, and then you can figure out the other levels.

Pivot = (High+Low+Close)/3

Resistance 1(R1) = (Pivot*2)-Low
Resistance 2(R2) = Pivot+High-Low

Support 1(S1) = (Pivot*2)-High
Support 2(S2) = Pivot+Low-High

If you need to calculate additional support and resistance levels:

First calculate R2-S1; then calculate R1-S2. The smaller of these two figures we will refer to as Ext1 and the larger one as Ext2.

Resistance 3=Pivot+Ext1

Resistance 4=Pivot+Ext2

Support 3=Pivot-Ext1

Support 4=Pivot-Ext2

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About the Author:
Former futures broker and Trading Desk Manager. I have developed many trading systems and methods in addition to those that I have picked up from top traders over the years.
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Approximately all exchanges are offering online trading facility To day online trading is passion, so many people doing online trading with out guidance and proper knowledge, and also they loosing money and Time  this points  make you  a better online trader  this points derived from my own experience from past 10years

 1)First  you have to maintain your broker/sub-broker  address and phone numbers with you.

 2) You should know about your trading terminal order punching, order book,(buy/sell order book, stop loss order )

 3)don’t confuse similar pronunciation stock ticker(stock name)Ex-unitech-    ultratech,uniontech ,gvk-tajgvk  Grasim-gasim

 4) maintain different market watches for equity segment ,derivatives segmentOne of my client had buy future trade instead   of   equity stock

5) Don’t share your stock market online trading passwords, usernames with other personsAnd don’t  do  online  trade in internet café and public places(One of my client forget to logout his terminal in a café, he got loss $4000 in a single day)

 6) Don’t follow rumors un-known persons phone calls,e-mails&sms. Some people maintaining    trading people database and they targeting to speculation and trap the people

 7) Avoid phone-trading (call trading)   with out observation of market. 

 8) Maintain stop loss order for high volatile stock, maintain stop loss when you are going to out of the trading screen one client made loss $600 at his lunch time 

 9) Avoid panic withdraw from trades

 10) Don’t take over exposure form your money

 11) Money management is the heart of online trading, don’t put your 100% capital in a single time or single trade, and maintain and prepare good portfolio  

Welcome For Great Comments

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About the Author:
this telika ramu from india
iam professional stock market trainer from past 10years
iam maintaing  to websites
www.telikaramu.hpage.com
www.stockmarketeducations.com
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It’s amazing how having the right tool for the job can make such a vast difference in your trading success, and if your
‘job’ is to become rich, it’s even more important!

That’s why you’re going to like this: my colleague, Dustin Pass, the guy I’ve told you about a few days ago has said that he is willing to give away a copy of his groundbreaking OracleTrader software.

If you hurry you can grab it from:
www.oracletrader.net/get.html?w=otfs&p=mkk7689

Remember, this is the software he used to become a FOREX millionaire by age 29.

And in nearly 5 years, he has never had a losing month with it, and that’s documented thoroughly.

Here’s a little bit about how it works:

The software allows you to make a mint when news releases come out, by getting the news release data through the fastest news feeds possible.  It then interprets how the actual news report data varied from the analysts’ estimates.

If that deviation is large enough to move the market, it tells whether to buy or sell – accurately! It does all this in milliseconds – giving you a major edge!

He will also send you advance notification emails of upcoming news releases, which will tell you when to trade, which currency pairs to trade, and Dustin’s personal recommendation on when to act, or whether to sit it out.

This guy has this trading method down-pat, and he’s offering his software as a courtesy, totally free. And it’s VERY simple to use.

Here’s the kicker: the cost for the high-speed data feeds alone is many thousands of dollars per month, but this software will give you the data feeds for free – another major edge over every other trader!

So, if you want a great trading tool that provides:

- When the market is going to spike up or drop down
– Which currency pairs are going to move
– A high-speed data feed so you can act a split-second before the rest of the market does…

Then click this link: www.oracletrader.net/get.html?w=otfs&p=mkk7689

This is totally free, no strings attached whatsoever, so take advantage while you can.

This offer will only be good for a few days, so download your copy now!

If you want to see the market prediction video and the training video that shows you step-by-step how to use the software, after you’ve downloaded your copy, go here:

www.oracletrader.net/get.html?w=otp1&p=mkk7689

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About the Author:

http://www.businesstools.tk

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It is truly strange, in any endeavor, how crucial timing is to determining the ultimate success or failure of that endeavor. And while there is often a comfortable margin of error available in many areas of life, thus mitigating the ultimate damage that can come from bad timing, when it comes to investing in the stock market, there is simply no cushion whatsoever. If you are caught in an investment for too long, or if you attempt to short an investment too soon, you can cost your self thousands, or even tens of thousands of dollars. All for one simple mistake. This is why, in the world of stock market investing, the trends are moving toward consistent and sustainable systems that take the human guesswork factor out of the equation entirely.

With the new and powerful computing software that is now beginning to dominate the stock exchanges of the world’s numerous markets, the ability for investor’s to mitigate the dangers of pit falls of human error in favor of mastering the crucial element of time has never been easier. With the new breed of market timing systems coming to the forefront of the investing industry, investors are seeing the writing on the wall.

Stock Market Timing Systems

Stock market timing systems work pretty much like the timing systems of anything else. Before an investor places money on a particular investment, he or she has created for themselves a comprehensive plan that they will use to govern how they manage the timing of the investment. If the investment hits a particular value benchmark, or if it drops to a certain value on a given trading day, a concrete market timing system will already have determined a course of action that the investor is supposed to follow. The only problem is, that many of these systems are created by human hands, meaning that they are still prone to significant error, simply by design.

The Dangers Of Human Bias And Human Error

The fact that human error is such a dangerous element to the success of any investor’s portfolio may come as a surprise to some. Often, many novice investors assume that investing is like gambling in the sense that the player is operating mostly on hunches and intuition. But this is not a sound investment strategy. An automated market timing system removes the human factor from the equation entirely.

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About the Author:
Regardless of the direction of the market, we view every year as an opportunity to make money. By using our market timing software to navigate the markets’ short, medium, and long term trends, you have the potential to make money every year! Absolute Return Trading Systems Inc. provides a subscription based, proven and authenticated market trading system
.
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If you have been following the business and financial headlines over the past few months, there is a good chance you are at least giving your investment holdings and the system that you use to track, analyze and advise on it an earnest second look. With value, and by value we are talking about billions of dollars, USD, evaporating every day, there is little to no wiggle room for even the slightest error or hiccup in the management of your investments.

If you are at all worried about the safety, viability or stability of your investment portfolio, especially if your holdings or funds are managed and overseen by a stock broker or a fund manager, there is one thing you should strongly consider as an alternative – trend trading systems. Trend trading systems are automated analysis programs that compile reams of data on a daily basis about the movements and machinations of the world’s stock markets, using specific algorithms to track and analyze the trends that are taking place.

These trends, when read by a trend trading systems, are signals that portend particular movements in a segment of the market. Based on past performance, coupled with likely future movement, an automated trend trading system is able to offer an incredibly insightful and prescient market forecast for a specific portfolio, recommending either positive or negative growth based on the trends uncovered. There are two reasons why trend trading works.

Human Biases And Prejudices Are Removed

One of the major drawbacks to having an investment portfolio managed by a flesh and blood broker is that there is an unavoidable level of bias involved in the analysis. It is simply unavoidable. No matter how ardently a broker insists that he is free from a particular bias for one type of investment or against another, there is simply no way to eliminate it completely. Past experiences, for people, engrain biases and prejudices that cannot necessarily be overcome. People do not forget. With an automated trend trading system, this major obstacle is completely mitigated.

A Comprehensive View Of The Market Is Analyzed Constantly

With a trend trading system, an automatic computer algorithm gathers all of the relevant data on market conditions each and every day. Then, a statistical analysis is performed, and the trends that emerge are catalogued. When certain trend signals are discovered, the trend trading system delivers to clients a set of advice that can maximize the performance of a given portfolio amid the trends discovered.

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About the Author:
Regardless of the direction of the market, we view every year as an opportunity to make money. By using our market timing software to navigate the markets’ short, medium, and long term trends, you have the potential to make money every year! Absolute Return Trading Systems Inc. provides a subscription based, proven and authenticated market trading system
.
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Any investor that has been paying attention to the recent fluctuations in the world exchange markets are likely quite reticent about the solidity and stability of their holdings. The ride has been very much like a crazy roller coaster that seems unsafe at any speed. The inherent problem, of course, is an irrational brokerage system driven by human emotional responses and “rationalizing” judgments. Add to this the all too human tendency toward engrained subconscious biases and it is little wonder that the market is literally passing many people by, and reacting with the equivalent of fiscal violence.

There are ways, though, to tame the markets, to understand their ebbs and flows with crystal clarity. Essentially, the stock exchanges of the world can be broken down into mathematical algorithms that are easily quantified and assessed through entirely mechanical means. The wave of the future will be through automated stock index trading systems.

Elimination of Human Broker Bias

One of the primary ways that automated trading systems succeed is due to the elimination of the human biases at play in traditional trading systems. It is easy for a human stock exchange broker to say he is not biased, and chances are he really thinks that this is true. The problem is, such biases are completely involuntary and reside strictly in the subconscious. For example, say a particular broker suffered a loss trading in steel derivatives. Twenty years later he may still harbor some subconscious bias against trading in steel derivatives ever again, even if it would be in his (and his client’s) best interests to do so under present market conditions.

Dispassionate Analysis Yields Results

With an automated index trading system, this subconscious human bias is completely removed from the equation, and it is an equation. Automated analysis systems compile all of the trending data in the market looking for patterns and signals that portend future movements and actions. Through this automated analysis, no trend is dismissed through a knee jerk prejudice against one particular stock or for another.

Automatic Index Trading Outperforms Traditional Trading Exponentially

Despite the protestations of the doubters, automated trading systems have outperformed human stock brokers and fund managers exponentially over the past few years, even in these exceedingly harsh market conditions. The reason is that the automated systems are not beholden to any particular ideology or way of thinking. Automated analysis is all about patter recognition, which serves investors well.

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About the Author:
Regardless of the direction of the market, we view every year as an opportunity to make money. By using our market timing software to navigate the markets’ short, medium, and long term trends, you have the potential to make money every year! Absolute Return Trading Systems Inc. provides a subscription based, proven and authenticated market trading system
.
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Understanding the direction of the market as well as the economic activity will lead to profitable trades. Keep up with our live news feed with TraderMongers.com!

S&P 500

A weak July consumer confidence fell to a 5-month low offset the latest round of strong corporate earnings. On Wednesday June durable goods orders as well as the weekly mortgage applications and petroleum reports. The Beige Book is expected today which report economic conditions used for the FOMC meetings in 2 weeks. Expect the market to move after the 2pm Eastern Standard Time announcement.

On the S&P 500 on the 60-day chart shows we have been rallying since the beginning of July especially after options expiration last Friday. Expect the market to hit the January 2010 resistance level as we approach the slowest month of the year – August. The volume will not be enough in August to break through the January resistance levels.

TO BE CONTINUED WITH CHARTS AND VIDEOS HERE!

Disclaimer

The content in this website is provided for educational and informational purposes only. We offer no investment advice and nothing in this material should be construed as such. There is risk of loss when you invest; past performance is never a guarantee of future performance. Trading is the sole responsibility of the individual. No reader should act on the basis of any matter contained herein without getting appropriate professional advice. Every investor or trader should consider all offerings of products and services on their own merits and for suitability to the individual’s personal needs and circumstances.

All Right Reserved TraderMongers.com © 2010

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About the Author:
Shamim Ziyaaudhin is one of the editors of TraderMongers.com a one stop trading news feed source for worldwide traders and investors. Their philosophy is to establish the standard for providing market news feed that is comprehensive, accurate, and concise. Providing technical and fundamental trading setups, economic numbers, and calendar events throughout the trading day. Shamim has a Masters in Business Administration from Fairleigh Dickinson University and holds a degree in Psychology from Rutgers University. Click here to subscribe to Tradermongers Live News Feed
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The homebuilder stocks have lead the markets lower since August 2005 when they all seemed to peak. Since that time the world has experienced a global housing bubble and still feels the aftershocks from that collapse. Many economists are now saying that the homebuilders have bottomed and now is the time to be involved with these stocks. While this may or may not be true the fact remains that the homebuilder stocks still remain off the low in 2008. However, while many of these leading homebuilder stocks are above the 2008 lows many of them are not far from that low. These stocks also face many headwinds such as high unemployment, high foreclosures, and massive inventory. Lets look at the short term picture in some of the leading homebuilder stocks.

Toll Brothers Inc (NYSE:TOL) is a leading homebuilder that builds the high end luxury home. This daily chart still remains very weak. The stock has recently bounced off the $16.00 level which is good support. However, yesterday the stock made an outside day down which is a short term bearish pattern. This morning the stock is trading lower by 0.17 cents to $17.10. Should the stock decline sharply the $16.00 level will still be near term support. If Toll Brothers Inc somehow climbs higher the stock will have strong daily chart resistance around the $19.00 area.

Lennar Corp (NYSE:LEN) is another leading homebuilder stock that is trading slightly lower this morning trading down 0.19 cents to $14.83. This stock topped out in April at $21.79 and had has sold off sharply with the major stock indexes from that time. Yesterday the stock also made a sharp reversal bar on the charts which is short term bearish. The stock will have good support around the $13.00 level. Should the stock reverse and trade higher the $16.00 – $16.25 levels will be strong resistance.

D.R. Horton Inc (NYSE:DHI) is another leading homebuilder stock that is actually looking better than the rest on the daily chart. This stock has really just paused or consolidated over the past two trading sessions. D.R. Horton Inc has bounced sharply from early July with the rest of the major stock indexes. This stock will have daily chart resistance around the $11.85 – $12.00 area.

The homebuilder stocks remain off the recent lows and have traded higher with the major stock indexes. Many of these leading stocks reversed sharply lower yesterday and often these short term moves could lead to further downside. However, as long as the major market indexes hold up this downside could be limited.

Nicholas Santiago
Chief Market Strategist
www.InTheMoneyStocks.com

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About the Author:
Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.
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EquityFeed Corp is an on-line provider of real-time market data and analytics for professional traders and individual investors. EquityFeed’s state-of-the-art trading platform covers the NASDAQ, OTCBB and Pink Sheet markets. Its tools are sophisticated, powerful and reliable, and yet simple to use.

EquityFeed’s tools give serious traders the newest-breed of powerful trading tools that are unmatched in the industry…tools that allow traders to filter markets in real-time and find trading opportunities that would otherwise be completely invisible.

EquityFeed is a service that will give you a live and up-to-the-second filtering of the entire stock market dependent on the filter settings that you have selected. EquityFeed has Level 2 capability and includes advanced charting capabilities with numerous indicators (such as MACD, RSI, Volume, Bollinger Bands, complete with all the bells and whistles). The bottom line is that EquityFeed includes all the features expected in a Level 2 Trading Platform, and much, much more.

EquityFeed’s true strength is its filtering capability; there are approximately twenty categories in the filter option window to choose from, enabling you to filter based on price, volume, trades, ask or bid or spread range, SMA, pullback, reclimb, and more.

The latest evolution of the EquityFeed platform provides its users with:

Timely and actionable market data through an information platform that’s rock-solid in terms of stability, accuracy and as near zero-latency as possible. EquityFeed has achieved this through an algorithmic-grade ticker plant and proprietary client-side compression technology.
Data that is clean and simple to use. Reducing clutter makes it easier for you to access the data you need to make trading decisions. Unlike others tools we’ve tried, EquityFeed places a strong emphasis on making their tools easy to read and interpret – the super-slick user-interface clearly reflects that.
TradeConnect gives TD AMERITRADE™ account holders the ability to trade directly through EquityFeed’s proprietary trading platform.
An unwavering commitment to innovation and education, with their video tutorials and weekly webinars.

You’re encouraged to join EquityFeed’s community of traders — other like-minded individuals who are making the volatility in this current market work them. Learn what EquityFeed can do to expand your portfolio’s value by test driving EquityFeed for the next 30 days.

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About the Author:
Rob Trader – Forex Expert http://tradingtoollist.co.cc/
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The emini futures market has witnessed a upsurge in volume over the preceding few years from the time when the initiation of the reduced in size futures contracts which are accessible on all three main exchanges. What makes emini futures so appealing is index futures traders no longer need a surplus of cash available to play the futures markets since margin requirements are significantly lower. With added index futures traders involved through the day after day trading sessions, amplified liquidity and volatility offer numerous day after day opportunities for futures traders to initiate successful trades.

However, mini-sized futures does call for a individual degree of ability from the index futures trader to be successful. Should you be considering trading in the futures markets, it is important that you firstly take a personal inventory of equally your personality attributes and your skill level in the emini futures markets. Emini contracts trading is best used by those index futures traders who are seeking to utilize a short term trading tactic such as emini index futures day trading or scalp trading, in view of the fact that volatility and liquidity in the emini futures markets offer themselves incredibly well to these trading methods.

Understanding your individual personality traits ought to be your original move given that personality characteristics tend to be a key feature in your success as a emini index futures trader. Understanding that losses will be encountered when trading eminis, despite what emini index market is chosen to trade, is definitely an unconditional necessity. Numerous traders have trouble accepting trading losses and losses are part of the game when trading emini index futures. Not any trader executes successful positions each day even though skill levels can be enlarged to the degree where the index futures comprehends blown trades are a part of profitable trading. Losing trades will undoubtedly be a part of your trading but a skilled trader knows how you can protect his emini trading assets by cutting losses short on losing trades.

Savvy emini traders utilize a uniform trading method which uses indicators to forewarn them of probable entry points and stop-loss entry. Indicators applied for promising trade set ups is self-explanatory given that the majority of  futures traders with even a simple knowledge of the financial markets comprehend charts and indicators are applied to ascertain trade execution. However, protection of capital  is the element which divides profitable emini traders from struggling and insolvent index futures traders.

Emini brokers and futures market gurus underscore the requirement for index futures trading software platforms and order execution with too little mentioned concerning the principles of sensible money management in a index futures trading system. A thorough system will help the index futures trader conclude when to execute entry into the market and more notably, at what time to exit the futures market. Determining your individual personality characteristics in addition to developing the control to stay on track with your money management rules are traits of a profitable emini futures trader. Playing the emini markets is actually a lucrative and enjoyable profession if the index futures trader is prepared to study the dynamics of the futures markets and develop a trading system that is fitting for their temperament and risk levels.

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About the Author:
Learn more with a emini trading course and how you can increase your odds of success with emini trading.
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