Friday, October 23, 2009

Resource for Identifying Significant Price Levels

In recent posts, I've been highlighting resources for journaling and tracking performance. Regular readers know that I use Twitter as a resource for staying on top of the market as part of preparation for the trading day. That includes identifying proprietary daily and weekly profit targets that are adjusted for recent market volatility.

Another nice resource for identifying pivot levels--as well as moving average points, value areas, support/resistance, and much more--is the Pivot Farm site. The levels for stock indexes are provided free of charge and are a great way to review markets and the broader context of trading. Levels are also provided for currencies. It's a useful and well-organized resource.