Greg,
Do you trade based on Inside Bars breakout? Then turn to indicators to see where they're heading?
Do you trade based on Inside Bars breakout? Then turn to indicators to see where they're heading?
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DislikedThere are 3 calculations on pivot points.
Say if the open and close of the daily price on g/y is
open 111.2,
close 111.2,
high 111.6 and
low is 111.0
Then classic pivot points are
R4 113.067
R3 112.47
R2 111.87
R1 111.53
Pivot 111.27
S1 110.93
S2 110.67
S3 110.07
S4 109.47
Woodie pivots are
R4 113.05
R3 112.10
R2 111.85
R1 111.5
Pivot 111.25
S1 110.9
S2 110.65
S3 110.3
S4 109.45
Camarilla Pivot Points
R4 111.53
R3 111.36
R2 111.31
R1 111.25
Pivot 111.27
S1 111.15
S2 111.09
S3 111.03
S4 110.87
Greg, which one do you use? Also if a pivot for the day is calcutated
from the open, close, high and low of the day, how can it be used
for the next day?Ignored