How to use floor trader pivots to improve your trading.
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For example let s say you see that the s1 level is broken.
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A floor trader is an exchange member who executes transactions from the floor of the exchange exclusively for their own account.
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It was originally designed as a swing trading strategy but with a few tweaks day trading the floor trader method can work very well depending on the currency you are trading.
There are a few ways that these floor trader pivots can help you in your trading.
Smart forex traders can use this information to place their entry orders just below this or just below the s2 level to try and capture any further.
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Floor trading has become increasingly rare as electronic trading.
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The fee they charge for measurement is a bit discouraging but they credit this to the purchase price.
The floor traders method is a forex trading strategy designed to capture the continuation of a trend using a combination of two moving averages.
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The strategy is not time frame dependent but smaller time frames do have.