To use the Pivot Point Calculator, simply enter the previous days Open, Close, High and Low prices into the relevant text boxes and press the Calculate button. You will then get the Pivot Point, and Support and Resistance levels for the days trading.

You can read our Pivot Points Article if you would like to know a little bit more about Pivot Points.

To use the Downloadable Pivot Point Calculator, you need to be running Microsoft Windows with the MS .Net Framework 2.0. You can download the MS .Net Framework 2.0 here if you do not have it.

Please leave any comments and suggestions for the calculator.

Download Pivot Point Calculator Here.

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The Online Fibonacci Retracement Calculator is our latest addition to our popular online financial calculators. And like our other calculators, it is free to use!

Also, you can take a look at our Fibonacci Retracement Lines article if you would like to know a little bit more about what we are calculating here.

Please feel free to leave comments and suggestions below.

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One interesting thing about using Fibonacci Retracement Lines is that they fall into the group of technical indicators that attempt to predict what price the market is going to move to.

This is different to many other popular technical indicators, such as the EMA, MCAD and Bollinger Bands which all attempt to guess the market determined upon what recent price movements.

Unlike Fibonacci Retracement Lines, These indicators tend to provide the trader with information as to whether the market will be going up or down.

When we look at how Fibonacci Retracement Lines work on a chart we can see that we are being given the actual price that the stock will (possibly) move to.

The placement of the lines come from the famous Fibonacci number sequence that Leonardo Fibonacci da Pisa created on a trip to Egypt. This number sequence is 1, 1, 2, 3, 5, 8, 13, 21, 34, etc.. To continue the sequence, just add the last 2 numbers to create the next in the sequence.

From this sequence of numbers, you are able to calculate ratios. The ratios that are commonly used to calculate Fibonacci Retracement Lines are .382, .500 and .618.

To use these ratios, you must find the beginning and end of an uptrend or a downtrend. Then, from the most recent price, we can calculate the values to where the trend may retrace.

For instance, if a stock trends from $100.00 to $110.00, then we can find that the price movement for the trend is $10. Therefore we can now calculate that the Fibonacci Retracement Lines would be:

1. $10.00 x 0.382 = $3.82 = $110.00 – $3.82 = $106.18
2. $10.00 x 0.500 = $5.00 = $110.00 – $5.00 = $105.00
3. $10.00 x 0.618 = $6.18 = $110.00 – $6.18 = $103.82

So how can this information be used? Well, there is no sure way, but many traders would use the values to place their stop losses or buying points, or to identify that a trend is established.

Like all trading methods, you must be sure to research thoroughly how you plan to use them. Fibonacci Retracement Lines are no exception. If you fancy seeing if you can implement them into your trading style, then make sure you do some further research and testing.

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The author has developed the 5 EMA Forex System after testing a number of trading methods in unison to come up with one that is profitable and easily followed by the average trader.

The 5 EMA Forex System can also be applied to different trading styles including scalping, day trading and other short term trading using the Exponential Moving Average indicators along with other proven technical indicators.

The 5 EMAs Forex System has been released with screen shots to help you get up to speed and trading quickly. There are number of different exit strategies to match your trading style which are backed up with a money management strategy.

Also included with the 5 EMA Forex System are a couple of useful bonuses:

1. Expert Advisor – A valuable piece of software that can be set up to monitor the markets and alert you when tradeable opportunities occur.
2. The TraderBO Divergence System – Another trading system constructed by the author that can be used to profit in the markets.

You can take a look at some of the authors 5 EMAs Forex System Trading Results here to give you some idea of how following this trading system can improve your profits.

Take a look at the 5 EMAs Forex System website to see if it would be suitable for you. Also, bear in mind that it is important to understand your trading system and to back up your trading with a solid trading plan and money management.

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Traders Secret Code has been a popular source of information for new and professional traders for some time now and is constructed with the high quality that readers will know is indicative of other books that Mark has produced.

Mark also provides a number of really useful (and free) bonuses with Traders Secret Code v2. These include:

• Downloadable Risk Probability Calculator
• Trading For Beginners ebook
• Money Management ebook
• Bonus Secret Trading Tactic to Predict Market Moves!
• Email Newsletters

You can visit the Traders Secret Code v2 website here.

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The Pivot Point Calculator is very simple to use.

To start, you need to retrieve the OHLC (Open, High, Low, Close) prices of the financial instruments last day of trading.

Then type these prices into the relevant boxes on the Pivot Point Calculator, and then simply hit the Calculate Pivot Points button.

You will then be given the Pivot Point and support and resistance values.

Click Online Pivot Point Calculator to start using the calculator now.

Also, remember to take a look at the recent Pivot Points article if you want to refresh your memory.

You can also sign up for our newsletter to be notified of any modifications … I’d eventually like the Pivot Point Calculator to automatically retrieve the previous days prices for any stock symbol that you type into a text box. But that’s for another day.

Update : We now also have an Online Compound Interest Calculator that is free to use to. You can check it out here.

UPDATE : You can now download the free Pivot Point Calculator Software here.

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In fact, the nature of Pivot Points would probably dictate that they would only be of any real use to the day trader as they are dependant upon the previous days prices and are therefore good for only 1 day of trading.

Pivot Points work by indicating points of support and resistance for the price of a financial instrument that is being traded.

When the price reaches a pivot point, it will either bounce back from it (indicating support or resistance) or continue beyond it.

If the price continues beyond the Pivot Point, then the trader can enter the market with the knowledge that the price will statistically continue to rise or fall beyond the price indicated by the Pivot Point.

So how do we work out how to find where the Pivot Points occur? Well there are several calculations for calculating the price of Pivot Points, one of the most common being:

R2 = P + (H – L) = P + (R1 – S1)
R1 = (P x 2) – L
P = (H + L + C) / 3
S1 = (P x 2) – H
S2 = P – (H – L) = P – (R1 – S1)

Where:
P = Pivot Point
R1 = 1st Resistance Level
R2 = 2nd Resistance Level
S1 = 1st Support Level
S2 = 2nd Support Level
H = Previous Days High
L = Previous Days Low
C = Previous Days Close

So the Pivot, Resistance and Support lines can now be plotted onto the day trading chart and acted upon when the price reaches them.

If you are thinking of giving Pivot Points a try, be sure to test and plan how you are going to use them before implementing them into your trading.

UPDATE : You can now use the free Online Pivot Point Calculator here.

UPDATE : You can now download the free Pivot Point Calculator Software here.

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The theory is that if there is snow in Boston on Christmas day then the price of stocks will go up for the coming new year.

Hmm.. I’m not sure just how valid this economic indicator is, But I don’t think that I will place much faith in the Boston Snow Indicator this (or any) year!

Unfortunately, I have had a good look around on the internet and there does not seem to be much evidence to support the accuracy of the Boston Snow Indicator.

I took a look at the weather reports for 1999, and it seems that Boston did not have any snow on Christmas day. This would support the major drop in the markets for 2000. So maybe there is some truth in the Boston Snow Indicator.

However, there was 0.3 inches of snow on Christmas day in 1995. In the next year, the S&P500 gained about 30%

But I also noticed that the record snowfall for Christmas in Boston was in 2002. The S&P500 continued to plummet in the following year!

So there you go. I would advise taking the forecast of the Boston Snow Indicator with a pinch of salt and a good dose of skepticism.

Incidentally, I was not sure whether to file this under Technical Analysis or Fundamental Analysis, so I put it in both.

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Now, in the latest volume in the Schwager on Futures series, Technical Analysis, Schwager has created the most comprehensive guide ever for using technical analysis for futures trading.

What makes Technical Analysis unique, besides its in-depth coverage, is that it is written from a trader’s perspective. Schwager doesn’t merely cover the subject, he explores what works and doesn’t work in the real world of trading.

Contains a comprehensive guide to chart analysis written with a particular focus on trading applications

• Includes a separate 200+ page section illustrating the use of chart analysis in the real world
• Details and illustrates several original trading systems
• Includes a self-contained primer on cyclical analysis
• Describes popular oscillators, the pitfalls in their common use, and guidelines to their successful application in trading
• Explains the concept and use of “continuous futures” and compares 10-year continuous futures charts with conventional nearest futures charts for all major U.S. futures markets
• Contains a section on trading strategy and philosophy, including over 100 trading tips

Hundreds of charts, tables, and examples illustrate key points throughout, while the text is written in the informative, insightful, and nontechnical style that has made Jack Schwager one of the most highly regarded and bestselling investment authors ever.

This invaluable book by one of the world’s foremost authorities is destined to become the premier industry guide on technical analysis for many years to come.

Where to buy Technical Analysis

If you are keen to buy the book, I would recommend the following websites for getting a better deal than buying at a shop:

• Technical Analysis @ Ebay – You can often find a good deal on used items here, and I often pick up useful books for low prices.
• Technical Analysis @ Amazon – Amazon.com allways has this book in stock and can deliver it quickly.

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The article has information on what Darvas Boxes are and what to look out for when it is possible that you could make some money from them. There is also a brief look at what goes on behind the scenes in a company that could make these Darvas Boxes appear on your stock charts.

Click here to read the article…

Technorati Tags: stocks, stock+trading, investing, nicolas+darvas, darvas+boxes

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