Hello everyone,
I am thinking about using pivot points in my trading but not sure what time to use as END OF DAY for calculating pivot points.
fxbootcamp.com uses Tokyo open (which is usually London midnight)
fxknight.com uses GMT midnight
theforextruth.com uses New York midnight
fivetictrading.com uses New York 5PM
They all claim to be successful, profitable traders. How can that be? How can they all use pivot points successfully when they are all looking at different pivot point values?
If you are successfully using pivot points in your trading, could you please tell me what time you use as END OF DAY for calculating pivot points, and why you chose just that time?
Thanks,
Herringtrader
I am thinking about using pivot points in my trading but not sure what time to use as END OF DAY for calculating pivot points.
fxbootcamp.com uses Tokyo open (which is usually London midnight)
fxknight.com uses GMT midnight
theforextruth.com uses New York midnight
fivetictrading.com uses New York 5PM
They all claim to be successful, profitable traders. How can that be? How can they all use pivot points successfully when they are all looking at different pivot point values?
If you are successfully using pivot points in your trading, could you please tell me what time you use as END OF DAY for calculating pivot points, and why you chose just that time?
Thanks,
Herringtrader