The Forex Pivot Points Trading Strategy
4.3 (4 ratings)
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The Forex Pivot Points Trading Strategy

Learn how to trade this 100% mechanical, intraday forex trading strategy (backed by 12 years of historical price data)
4.3 (4 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
31 students enrolled
Created by Jon Mcfarlane
Last updated 3/2017
English
Curiosity Sale
Current price: $10 Original price: $20 Discount: 50% off
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Trade the forex markets using a solid pivot point trading strategy backed by historical data
  • Understand how to use statistics to validate potential trade ideas
  • Execute 100% mechanical trade entry signals using pivot points
View Curriculum
Requirements
  • You should have an interest in trading financial markets (experience not necessary)
  • You should have access to a forex trading charting platform (e.g Metatrader 4)
  • You should have a forex trading account (a free demo account is fine)
  • You should know how to enter buy and sell orders
  • You should know how to add basic technical indicators to your charts (e.g. moving average, etc)
Description

Welcome to The Forex Pivot Points Trading Strategy!

In this Video Course, you’ll get all the information you need to trade this strategy successfully. 

You can use it to trade the forex markets on a short-term, intraday basis. 

It’s a solid, proven strategy that's backed by 12 years of historical pivot point data.

Let’s look at it in a bit more detail: 

What are Pivot Points? 

Pivot points are technical analysis tools that are very popular among forex traders. 

Huge numbers of traders use pivots to trade the markets, including some of the most influential “big player” traders, who act on behalf of banks and institutions. 

But - while most forex traders are aware of pivot points, not many know how to trade them properly

This Video Course will show you how. 

Here are some of the key features of the Strategy:

  1. Extensive Historical Price Data Analysis

So many forex trading strategies that we encounter online just consist of vague technical guidelines. 

They come with instructions to open a trade when some technical indicator crosses another (enter your trade when this crosses that, close when that crosses this, etc). 

They might sound good in theory. But virtually none of the strategies available online are backed by comprehensive historical data analysis

Before we can judge whether a strategy is likely to be profitable or not, we need to know a lot more information. 

Information such as:

  • How many losing trades am I likely to have? 
  • How many winning trades am I likely to have? 
  • How big are the losing trades, on average? 
  • How big are the winning trades, on average? 

If we don’t know what these statistics are, we can’t judge whether the strategy has the potential to profitable or not. 

Example:

It’s a bit like managing a shop but having no idea what price you can buy your goods at, what price you can sell your goods at, or how many of them you are likely to sell. 

You couldn’t run a shop on that basis. 

And you can’t trade the forex markets on that basis either.

Anyway, back to the Pivots Strategy... 

It is vital that you know the following statistics for any strategy you trade: 

  • Risk versus Reward Ratio
  • Strike Rate (i.e how many trades are likely to be profitable and how many are likely to be losers) 
  • Profit Potential (i.e. if I take 100 trades, and I risk 1% per trade, what is my profit likely to be?) 

Unlike most other trading strategies available, the Pivot Points Trading Strategy Video Course provides all of this information up front

All of the backtesting is done for you and all of the statistics are inside.

You’ll know in advance what strike rate you should be achieving.

You’ll know in advance the probability of any given trade being a winner or a loser. 

And you’ll know whether the strategy is performing to expectations or not. 

Armed with this information, you’ll be fully equipped to identify any problems that occur, and you'll be able to trade the strategy with total confidence.

1. A “Set and Forget” Approach

Sitting in front of a computer screen all day is not a good idea, even for traders. 

Not only is it impractical for most people, it encourages ill-discipline and “tinkering” with trades. 

Not to mention the frustration of sitting at your screen for hours, only to miss a trade during those exact few moments that you popped into the kitchen to make yourself a coffee! 

One of the great things about pivot points is that once they are drawn (you’ll learn how they are drawn inside the Course) they don’t change during the course of the day. 

That means you can set up your pivot point trades early in the day using pending entry, stop-loss and take-profit orders. 

It only takes a few minutes to do. After you set your orders, you can leave your screen and get on with your normal daily routine. 

You can check back at the end of the day to see if your trades have been triggered and what progress they have made. 

2. Clear Rules

Many trading strategies require discretion on the part of the trader. 

This means that you have to decide whether a trade is a good one to take or not. 

This is a huge source of frustration for many traders. 

Here’s why: if there is discretion involved, how can a new trader know what trades to take and what trades to avoid? 

This Pivot Points Strategy has clear rules about the criteria that must be met for a valid trade. 

There doesn’t need to be any ambiguity or discretion involved. 

All the confusion is removed: it’s either a valid trade or it’s not. 

(If a trader prefers to use the Strategy in conjunction with other forms of analysis, that’s fine (we actually discuss this topic in-depth in the Bonus Section of the Video Course). But the Pivots Strategy is also perfectly viable as a standalone strategy in its own right.)

3. Intraday Trading Strategy

Traders are routinely encouraged to trade longer term. We’re told to target trades that last days, weeks, or even months. 

You always see trading advice that encourages people to steer clear of the lower timeframes.

Longer term timeframes do have their advantages. But trades that are open for longer come with their own set of risks too. 

In the current political environment, forex markets can be prone to big overnight price moves that can easily spike out stops-loss orders. 

How often have you checked your trading platform in the morning only to see that your trade was stopped out overnight, just before price moved in your direction? 

So although your trade was correct, you still lost money. Do you know of anything that’s more annoying than that? 

Also, more and more big political developments occur over the weekends now, when the market is closed. 

This means that there is a risk of big gaps occurring when the market reopens, which exposures you to huge losses if you have open trades. 

Remember, stop-loss orders aren’t always executed if the market is closed! 

The Pivots Trading Strategy is an intraday trading strategy, so it avoids a lot of these risks. 

It focuses on getting in and out of the market within one trading day, and you do not have to carry the risk of having trades open over the weekend. 

Here are a few questions to see if the strategy is a good fit for your style of trading: 

- Do you agree that it is important to trade a strategy that is backed by historical data? 

- Would you prefer to trade with a set and forget approach rather than being tied to your computer screen for 12 hours a day? 

- Would you like a clear set of unambiguous, step-by-step instructions for identifying valid trades? 

- Would you like to be able to enter and exit your trades within one day and avoid the risk of holding trades overnight or over the weekend?

If so, the Forex Pivot Point Trading Strategy will be a great fit for you. Sign up for the Video Course, and put this proven strategy into action for yourself. 


Successful Trading Is All About Managing Risk In trading, your main job is making the most out of opportunities while keeping your risks under control. 

We don’t believe it’s necessary to risk a lot of money while trying out a new trading strategy. 

In fact, you shouldn’t really risk anything at all, other than a few hours of your time. 

That’s why we’ve made sure that you can try out the Pivots Strategy with no risk to you whatsoever:

  • You can test the strategy on a demo trading account and monitor your results - that way you don’t put any of your hard-earned capital at risk
  • The Video Course has an unconditional, 30 day money-back guarantee. So if it’s not for you, that’s fine! Just request a refund and you can move on - no harm done. 

There’s zero chance of you losing anything, and you could gain a lot! 

Here’s some more information to help you make up your mind: 

  • If you have any questions or queries about the Course or its contents, you can email me and I’ll provide a full answer to you whatever question you have 
  • You'll get any additions I make to the Video Course absolutely free
  • There is a free strategy ebook available containing extra charts and examples (quick email sign-up required)
  • You get lifetime access so you can refer back to it as many times as you want
  • The Videos are compatible with all popular devices

This Course is NOT for you if: 

  • you want a get rich quick scheme
  • you think forex trading is an easy way to make a lot of money
  • you're lazy and don’t want to put in any effort

This Course IS for you if: 

  • you have a basic understanding of forex trading and want to improve
  • you have tried different forex trading strategies but haven’t yet found success
  • you want to learn a proven intraday trading strategy
  • you would like to trade the forex market using a "set and forget” approach
  • you're interested in using pivot points to trade the forex market profitably
  • you are ambitious and want to improve 

So if you think your trading could benefit by having access to a solid, proven, intraday trading strategy, join up now and give the Forex Pivot Points Trading Strategy a try.

What are the requirements?

  • You should have a basic understanding of trading the financial markets
  • You should have access to a forex trading charting platform (e.g Metatrader 4)
  • You should have a forex trading account (a free demo account is fine)
  • You should know how to enter buy and sell orders
  • You should know how to add basic technical indicators to your charts 

What am I going to get from this course?

  • You’ll know how to trade the forex markets using a proven pivot points strategy
  • You’ll know all the important statistics about the strategy before you start trading

What is the target audience?

  • This course is for people who want to learn an established, reputable forex trading strategy
  • This course is for people who have tried different trading strategies but have yet to find one that works for them
  • The course is for people who are interested in using pivot point analysis in their trading
  • This course is for people who want an intraday trading strategy
  • This course is for people who want a clear set of instructions for entering and exiting trades
Who is the target audience?
  • This Course is for people who want a trading strategy that can generate 100% mechanical trading entry signals
  • This Course is for people who want to use a trading strategy that is backed by solid statistics and historical price data
  • This Course is for people who would like to improve the results of their forex trading
  • This Course is for people who want to use a set & forget trading strategy
  • This Course is for people who want to trade the markets but cannot be at their computer screen all day
Students Who Viewed This Course Also Viewed
Curriculum For This Course
12 Lectures
02:01:43
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The Forex Pivot Points Trading Strategy
7 Lectures 33:44

After this Introduction Video, you will know:

  • what an Intraday trading strategy is 
  • why I developed the Pivot Points Trading Strategy
  • what is wrong with most other intraday trading strategies that are available online
  • what statistics you need to know if you want to evaluate whether a trading strategy is likely to be profitable or not
  • what you can expect to have learnt by the end of the Video Course

Before you continue onto the rest of the Course, I recommend that you download and read the free Pivot Points Strategy eBook. If you have read the eBook, you will find the more advanced sections of the Video Course much easier to understand. 

You can get your free copy of the Pivots Strategy eBook by clicking here. There is a quick registration process, which will take you no more than a couple of minutes to complete.

Preview 02:40

After completing this lecture, you will know: 

  • The 3 Currency pairs that I used in my analysis on Pivot Point price data
  • What Pivot Points are and how they are calculated
  • How Pivot Points can be used to identify areas of potential support and/or resistance
Preview 02:26

After completing this lecture, you will know: 

  • How so-called "experts" advise people to use Pivot Point trading strategies that have no statistical foundation
  • My preferred currency pairs to trade using this strategy and why
  • The high level results of my 12 year analysis of Pivot Point data
  • The probabilities that price will hit specific Pivot Points during any given trading session
What I Learnt From Analysing 12 Years of Pivot Point Data
02:59

After completing this lecture, you will know:

  • Why it doesn't matter if you are using US or UK daily close price data in your analysis
  • My first trading idea, based on the statistical analysis from Lecture 3
  • How to analyse the potential strike rate of the trading idea
  • How to analyse the potential risk versus reward ratio of the trading idea
  • How to determine if the trading idea can be the basis of a viable trading strategy
Potential Trade Idea 1
04:54

After completing this lecture, you will know:

  • How I developed my second trading idea based on the data analysis from Lecture 3
  • My analysis of the potential strike rate of my second trading idea 
  • My analysis of the potential risk versus reward ratio of my second trading idea 
  • My conclusion as to whether or not Potential Trade Idea 2 can be the basis of a viable trading strategy
Potential Trade Idea 2
03:30

I've now chosen which Potential Trade Idea I'm using as the basis of my Strategy. Now it's time to look at how to develop a full trading plan based on the Potential Trade Idea, for both long and short trades. 

After you complete this video you will know: 

  • Why you need to be aware of what type of charts you are using
  • The influence "spread' costs can have in our trading
  • Entries, stop-losses and targets for long trades
  • Entries, stop-losses and targets for short trades
  • When we have to add spread to our trading calculations
  • What we don't have to add spread to our trading calculations
How To Develop Our Pivot Point Trading Plan
09:51

In this video we do a full recap of what we have learnt so far. 

By the end of this video you will also know: 

  • The key assumptions we make when making our strategy expectations calculations
  • The impact "real life" trading can have on our results
  • What our strike rate is likely to be 
  • What our risk versus reward ratio is likely to be
  • The impact of manually closed trades
  • What currency pairs we can use to trade the strategy 
  • The maximum spread the strategy can tolerate 
  • Potential annual return
How Much We Can Expect To Make From Trading The Strategy?
07:24
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Bonus Section: The Pivots Strategy in the Live Markets
5 Lectures 01:27:59

These Bonus videos are recordings of a private coaching session I did with Forex Useful Pro Members. In these bonus videos I cover a range of different topics relating to trading in the live markets with Pivot Points, including: 

  • Choosing the best set-ups to trade (and ignoring others)
  • What additional criteria I look at when deciding which opportunities to trade
  • How I use big round numbers in my Pivot Point trading
  • How I use support and/or resistance when trading with Pivot Points
  • How I use previous highs/lows when choosing which pairs to trade
Preview 18:15

These Bonus videos are recordings of a private coaching session I did with Forex Useful Pro Members. In these bonus videos I cover a range of different topics relating to trading in the live markets with Pivot Points, including: 

  • Choosing the best set-ups to trade (and ignoring others)
  • What additional criteria I look at when deciding which opportunities to trade
  • How I use big round numbers in my Pivot Point trading
  • How I use support and/or resistance when trading with Pivot Points
  • How I use previous highs/lows when choosing which pairs to trade
Pivots in the Live Markets 2 - Additional Criteria For Better Trades
19:55

These Bonus videos are recordings of a private coaching session I did with Forex Useful Pro Members. In these bonus videos I cover a range of different topics relating to trading in the live markets with Pivot Points, including:

  • Choosing the best set-ups to trade (and ignoring others)
  • What additional criteria I look at when deciding which opportunities to trade
  • How I use big round numbers in my Pivot Point trading
  • How I use support and/or resistance when trading with Pivot Points
  • How I use previous highs/lows when choosing which pairs to trade
Pivots in the Live Markets 3 - Using Big Round Numbers for Better Trade Entries
18:32

These Bonus videos are recordings of a private coaching session I did with Forex Useful Pro Members. In these bonus videos I cover a range of different topics relating to trading in the live markets with Pivot Points, including: 

  • Choosing the best set-ups to trade (and ignoring others)
  • What additional criteria I look at when deciding which opportunities to trade
  • How I use big round numbers in my Pivot Point trading
  • How I use support and/or resistance when trading with Pivot Points
  • How I use previous highs/lows when choosing which pairs to trade
Pivots in the Live Markets 4 - Putting Together "Best Dressed" List of Trades
15:00

These Bonus videos are recordings of a private coaching session I did with Forex Useful Pro Members. In these bonus videos I cover a range of different topics relating to trading in the live markets with Pivot Points, including: 

  • Choosing the best set-ups to trade (and ignoring others)
  • What additional criteria I look at when deciding which opportunities to trade
  • How I use big round numbers in my Pivot Point trading
  • How I use support and/or resistance when trading with Pivot Points
  • How I use previous highs/lows when choosing which pairs to trade
Pivots in the Live Markets 5 - Using Highs & Lows for Better Trade Opportunities
16:17
About the Instructor
Jon Mcfarlane
4.3 Average rating
4 Reviews
40 Students
2 Courses
Independent Trader and Founder of Forex Useful

Hi, I'm Jon McFarlane, and welcome to this Video Course. 

I'm a private investor and trader. I've been managing my own capital for over 20 years. 

During that time, I've encountered virtually every single type of trading system and strategy that exists. I've tested everything from short-term scalping in the forex markets to longer term investing in the equity markets. 

Now, I just focus on just a couple of solid, robust trading strategies that have worked very well for me. 

In 2013 I founded Forex Useful. The mission of Forex Useful is to provide realistic and honest information about forex trading to its members. 

Forex trading represents a fantastic opportunity for people who want to make some money from the financial markets. But there is also a lot of hyped up and misleading information about forex trading out there too. 

Forex Useful tries to strip away the hype from forex trading and focus on the facts. We tell it how it is: good or bad! 

We have 3 trading strategies that we use on the site: I trade the 3 Little Pigs Multiple-Timeframe Strategy and a Pivot Points Strategy, and Nigel Price trades using a price action based strategy called the PAST Strategy. 

No trading strategy is perfect. But we are very committed to helping our members understand why these strategies work, and helping them to develop their forex trading in a positive direction. 

Thanks for reading, and I'm looking forward to helping you learn about forex trading!