John Person's Webinars
Upcoming webinars - June 7th, and June 19th, June 20th
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John Person trading techniques using Candlestick Charts in conjunction with Pivot Point Analysis! John explains this professional traders tool that most floor traders and outside research analysts use to help predict highs and lows of market price moves. Using this combination of candlestick chart formations and the calculations from Pivot Point analysis, his teaching approach will help you better tune your investing skills. John Person's presentation will reveal the formula used in the calculation as well as how to apply it for different time frames.
John Person is a 28-year veteran of the trading industry. His market insights are widely quoted by Reuters, Dow Jones Newswires, Forbes, CBS Market Watch plus he appears regularly on various segments on CNBC plus he hosts a weekly financial radio show. He presents technical analysis seminars across the country, at investment Expo's and at the CBOT. His specific strategies have been featured in various magazines. His books published by John Wiley and Sons received excellent reviews and is available on Amazon. COM. more about >>John Person <<
CHECK THIS OUT! John Person's website now has a free pivot point calculator! Learn how to operate this amazing price predicting method click on this link for the pivot point calculator and learn the right way how pivot point analysis will improve your bottom line.
Traders use pivot points to predetermine support and resistance price levels. Many traders have probably heard the term pivot point analysis and recognize that they have some bearing on price action. However, most individual traders and even brokers are not familiar with how to trade using the target numbers derived from the pivot point formula. Perhaps because of the time involved in calculating the numbers. But professional traders including myself look at pivot points, so you should probably be aware of what they are. Some recent chart examples in the article below reflect the validity of the pivot point concept. With pivot point in the name, you might guess that these price levels are very significant to some traders, especially to those "old school" traders who have been following pivot points for many years. A pivot point is simply a computed number based on the high, low and close of the previous price bar, whether the time period is a day, a week or a month. Using that pivot point number, traders calculate support and resistance levels, which are considered to be price brackets for the current time period. The actual pivot point calculation is what is used as the basis in the CCI or commodity channel index and even in Bollinger bands. Pivot Point Analysis is a famous technique that is used as a price forecasting method for day traders and professional traders as well. It is very popular among professionals, I should know I am one of them that uses it in my studies. There are numerous advisory services, brokerage firms and independent traders that use one form of it or another. Support /Resistance, price range forecasting, pin pointing tops and bottoms and target trading are some of the terms that are used to refer to it as well. For most traders on the floor of the exchanges it is considered common knowledge or old school of teaching. Most novice individual investors and even brokers are not familiar with this formula. I believe that most inexperienced investors have a hard time with incorporating this technique in their trading “tool box” due to the time it takes to calculate the pivot point numbers. But make no mistake the professionals’ look at it and so should you. In order to determine the current pivot point support and resistance levels this website includes the pivot point calculator. Just follow the instructions, type in the high, the low, and the close to the second decimal point and hit submit. The pivot point calculator will give you three projected resistance levels and three projected support targets automatically, free of charge.