DislikedHi, Quidsey. Could you share your indicators? I also strongly believe that pivot points are objective and essential as SR levels. My chart time zone also GMT +2, however I use universal time (EST from midnight to midnignt) for calculating my pivots. May I ask you, how do you analyze price action according to weekly and monthly pivots? A little bit complicated for me to take in a count all of this levels (daily, weekly, monthly). If you find useful here are my indicators below. {file} {file} {file} {file} {file}Ignored
Because I'm an intraday trader I find Daily Pivots give me a framework in which to trade. I trade my patterns and levels and the DP's can sometimes help with TP placement and SL placement. A level that I wish to trade long that finds itself sitting next to S3 is a bonus.
I really don't want to take up space in this thread with my style of trading but a quick chart saves a lot of typing in relation to your question.