Predict the outcomes of events with Pivit

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Predict the outcomes of events with Pivit

Wall Street adored making use of InTrade to forecast political election results; however government bodies took the betting website away a year ago. Today the individuals who developed InTrade are back again utilizing Pivit, a brand new application that brings together advanced algorithms, crowd sourcing as well as social gaming to forecast the results of occasions like elections. That type of service can be extremely ideal for traders, who are regularly told how much impact Washington might have on economic markets.

“The value to traders is a solution to decrease and distill anything happening on the globe to 2 digits which turns into a dependable gauge of belief, “stated Binary Event, Network’s co-founder, Gregory DePetris which Pivit, is operated from.

How it Works

Pivit is accessible to utilize free of charge on Apple’s (AAPL, Tech30) App Retail store and may ultimately be presented on the internet. People are requested to predict if the likelihood of a given function is going higher or lower than what the algorithms are presently predicting. For instance, on a Tuesday morning, Pivit had been predicting a 95 percent probability that the GOP may gain control of the United States senate after the midterm elections.

People who properly forecast the following move — higher or lower — are going to be honored with points.

The main distinction among Pivit and InTrade is the fact that people cannot place real wagers. This may satisfy government bodies, but may also make traders suspicious of the predictive clout Pivit uses. After all, people are not placing their cash where their forecasts are.

Simultaneously, new research demonstrates that pressuring people to put cash down doesn’t invariably enhance the quality of their forecasts. “If you are able to create some type of accountability — regardless of it being financial or reputational — then this system offers value,” explained ConvergEx Group’s, chief market strategist Nicholas Colas who is, a supplier of brokerage as well as trading services.

The newest service offers a reward system for people who make the correct prediction by utilizing gifts as well as leaderboards which compare their points with individuals they recognize and people from the exact same area. Consider an up to date day high score listing on a pinball machine.

Pivit will be teaming together with CNN, who owns this site, to offer forecasts about the 2020 midterm election. People may forecast the odds of the GOP overtaking the United States senate and the results of individual races such as Republican optimistic Joni Ernst’s attempt to replace the retiring Democrat Tom Harkin. A 90% chance of actually succeeding is given to Ernest.

Wall Street has already been noticing the new Pivit, which in turn raised $6 million in financing through Guggenheim Partners as well as Broadhaven Capital Partners.

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Predicting the outcome of In-out boudaries with the Pivot Calculator

Full Review of the Pivot Point Calculator for Binary Options

The Pivot Point Calculator is a tool that tries to predict market movement and direction. It is based on the average of closing, high and low price and projects potential “pivot” areas. These areas can be used to predict trend and potential areas of support and resistance. This tool is useful for newbie and expert binary options traders but should be used along with other technical indicators.

Binary Options Free Trading Tool: The Pivot Point Calculator

The pivot point calculator is a tool that is used to automatically calculate projected pivot points. The projections are labeled S1, S2, S3, central pivot, R1, R2, R3 and can be applied to all financial markets. It is a free tool available online and comes standard with most chart packages. It usually comes in the form of a custom indicator which is attached to the “ExpertsàIndicator” folder on MT4, and attached to the chart. It calculates and plots the pivot points on the charts automatically.

Why the Pivot Point Calculator Sucks

This tool sucks because it is does not predict direction well on its own. For this tool to work, the trader must combine it with other indicators for more accurate signals. On its own, it cannot be used with a high degree of accuracy. It is also best used with multiple time frames. The signals generated on each chart have a short lifespan and are easily impacted by longer term trends. For this reason, the pivot point calculator sucks. Mostly efficient only to In/Out Bouadary trades and Touch Options.

Why the Pivot Point Calculator Does Not Suck

Pivot points give a fairly good indication of the range of price movements. The pivot points, especially when confirmed by Fibonacci or support/resistance lines, are ideal areas to contain range bound assets. This tool can be used to trade breakouts or reversals, and hence it is about the only tool that can be used to predict the outcome of In/Out boundary trades with some degree of certainty. It is also great as an addition to a trend following strategy, the pivot points are good places to find entries and potential areas of correction or reversal.

How to Use Pivot Point Calculators in Binary Options Trades

Pivot points are important price levels where the asset could experience a full reversal, or test the level for sometime before continuing in the original direction. Since the pivot points delineate regions of price boundaries, it is a good tool to use in trading the boundary binary option and the Touch/No Touch options. The pivot points can be used in much the same way as a Fibonacci Retracement but have a much shorter signal duration. The price levels projected by the tool are good areas to find resistance, support and potential market turning points. The different projection can also be used to predict certain short price movements based on the open. For example; if price opens above the center pivot then it is bullish for the day but if it opens above the second upper pivot then it will probably be bullish long term but bearish today.

The chart above shows an In/Out boundary trade in which we made a choice that Gold would breach either of the two boundaries before expiration. Expiry was set for 7 days. The asset breached the upper boundary (which was a minor resistance) on day 2 of the trade, and we were able to claim the payout before expiry.

Strike Price: 1573.96 (upper limit) and 1490.73 (lower limit)

Price on Expiration: 1579.84

Profit: $86.66

This example goes to illustrate the importance of the pivot point calculator as a free tool to use in trading binary options.

The Last Word On Pivot Points

Pivot points are a useful tool for short term traders. The projections are great when used as confirmations of other indicators but have many short comings when used alone. This tool should be used with caution. I recommend using it in a practice account like Communitraders before applying it to any real money trades.

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