1. The first (R1 or S1) and second (R2 or S2) lines from the blue Pivot (P) line will show you the first profit target and in extension, the second profit target.
2. When a trend has reversed, the blue Pivot (P) line marks helping traders manage their risk to place their stop-loss under when having a long position and above when having a short position in the market.
3. Trades of the Day are created on our official partner charts from TradingView, if you want to use the same charts, indicators and tools as our professional analysts click here.
Lux Trading Firm Ltd (Company registration number: 13160991) 128 City Road, London EC1V 2NX, United Kingdom, with phone number +44 (0)20 7167 8107 and Lux Trading Firm Ltd (Company registration number: 2023-00292), Ground floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia, with operational office in Montenegro at Trg Magnolija 3B/L2S, 85320 Tivat, Montenegro, telephone number +382 325 40312; Lux Trading Firm ME L.L.C-FZ, (Company registration number: 2311235.01) Office 104/105 Level 1, Emaar Square – Building 4, Sheikh Mohammed Bin Rashid Boulevard, Downtown Dubai, United Arab Emirates, with phone number +971 4 4070582; all with email address: firstname.lastname@example.org, themselves do not carry out any regulated activities, the only and exclusive activities they carry out are Prop Trading and Professional Training. Consequently, we are not required to be authorized by the regulatory authority. All of Lux Trading Firm preferred clearing firms do conduct regulated activities and are authorized to do so by the respective regulatory authority. Lux Trading Firm is not a broker, and does not accept deposits. The clearing firms and institutional liquidity providers power the offered technical solution for the Lux Trading Firm trading platforms and data feeds.