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Accolades for Todd Hanson Ph.D.
Accolades for Todd Hanson Ph.D.
Accolades for Todd Hanson Ph.D.
Accolades for Todd Hanson Ph.D.
Accolades for Todd Hanson Ph.D.
Fulcrums: Fixed price points that act like magnets
Fulcrums:
Fixed price points that
act like magnets
Fulcrums
Fulcrums
What is a Fulcrum? • The support about which a lever turns • Statistically to
What is a Fulcrum?
• The support about which a lever turns
• Statistically to be points of inflexion
To fine tune our trading plan—in volatile, liquid instruments we add the Fulcrum grid: •
To fine tune our trading plan—in volatile, liquid
instruments we add the Fulcrum grid:
• 00: aka “the figure” fulcrum
• 20: - pips over “the figure”
• 50: aka “half the figure” fulcrum
• 80: - pips over “the figure”
Fulcrum Examples
Fulcrum Examples
EURUSD 1.4000 1.4020 1.4050 1.4080 1.4100
EURUSD
1.4000
1.4020
1.4050
1.4080
1.4100
EURJPY 134.00 134.20 134.50 134.80 135.00
EURJPY
134.00
134.20
134.50
134.80
135.00
Fulcrum Examples
Fulcrum Examples
Fulcrum Examples
Fulcrums Natural Support and Resistance
Fulcrums
Natural Support and Resistance
Fulcrums Natural Support and Resistance

Making Use of Fulcrums

Fulcrums are natural points of confluence “Magnets”

Prices gravitate from fulcrum to fulcrum so entering At or Near a fulcrum is key

When entering the trade, look for the

opportunity where the pair exhausts itself on a retracement to the last passed fulcrum

When possible, avoid entering trades that are at midpoints between fulcrums

Fulcrum Key
Fulcrum Key
Fulcrum Key Fulcrums “Midpoint Danger Area” 00   90 80   65 50   35 20

Fulcrums

“Midpoint Danger Area”
“Midpoint Danger Area”

00

 

90

80

 

65

50

 

35

20

 

10

00

You are allowed +/- 3 PIPS from the Fulcrums
You are allowed +/- 3 PIPS from the Fulcrums
Pivot Points: Calculated Support and Resistance; We all see them because we all use them
Pivot Points:
Calculated Support and Resistance;
We all see them because we all use them
Forex Pivot Points
Forex Pivot Points

Professional traders and market makers use pivot points to identify important support and resistance levels.

Simply put, a pivot point and its

support/resistance levels are areas at

which the direction of price movement can possibly change.

BEGINNING OF TRADING DAY WORK SHEET

• DATE: • Important News: Let’s see if there are any important news that happen
• DATE:
• Important News: Let’s see if there are any important news that happen
for the past few hours:
• Important Economic Indicators/numbers for today
• Key Supports/ Resistance Levels/ pivot
• Key Supports/ Resistance Levels/ pivot
Use calculator and 5pm (NYC) prior day close
Use calculator and 5pm (NYC) prior day close
Resistance 3 = High + 2*(Pivot - Low) Resistance 2 = Pivot + (R1 -
Resistance 3 = High + 2*(Pivot - Low)
Resistance 2 = Pivot + (R1 - S1)
Resistance 1 = 2 * Pivot - Low
Pivot Point = ( High + Close + Low )/3
Support 1 = 2 * Pivot - High
Support 2 = Pivot - (R1 - S1)
Support 3 = Low - 2*(High - Pivot)
S3
S2
S1
Pivot
R1
R2
R3
EURUSD
GBPUSD
EURJPY
USDJPY

Forex Pivot Point Trading Tips

Here are some easy to memorize tips that will help you to make smart pivot points trading decisions.

If price at PP, watch for a move back to R1 or S1.

If price is at R1, expect a move to R2 or back towards PP.

If price is at S1, expect a move to S2 or back towards PP.

If price is at R2, expect a move to R3 or back towards R1.

If price is at S2, expect a move to S3 or back towards S1.

If there is no significant news to influence the market, price will

usually move from P to S1 or R1.

If there is significant news to influence the market price may go straight through R1 or S1 and reach R2 or S2 and even R3 or S3.

R3 and S3 are a good indication for the maximum range for extremely volatile days but can be exceeded occasionally.

Pivot lines work well in sideways markets as prices will most likely range between the R1 and S1 lines.

In a strong trend, price will blow through a pivot line and keep going

Forex Pivot Point Trading Tips

S3

S2

S1

PIVOT

R1

R2

R3

Forex Pivot Point Trading Tips

DAILY

PIVOT

Forex Pivot Point Trading Tips DAILY PIVOT P R I C E R A N G

P

R

I

C

E

R

A

N

G

E

Confluence: Where two, three, the more the better, of the Hanson puzzle pieces come together
Confluence:
Where two, three, the more the better,
of the Hanson puzzle pieces come together
Market Confluence
Market Confluence

Confluence Noun

1. a place where rivers flow into one another

2. a gathering [Latin confluere to flow together]

Points of Confluence
Points of Confluence
Points of Confluences that we look for include: – Moving Averages – Support and Resistance
Points of Confluences that we look
for include:
– Moving Averages
– Support and Resistance on the chart
– Fulcrums
– Previous High/Low Points
– Breakdown & Retest levels
– Pivot Points
False Confluence
False Confluence
Traders often imagine false confluence as a result of the following pitfalls: – Wishful thinking
Traders often imagine false confluence
as a result of the following pitfalls:
– Wishful thinking
– Picking tops and bottoms
– Impatience or need to be in a trade
– Trading too many pairs at once
– Fear and Greed