This has been on my mind for some time...
Am eager to incorporate pivots into my trading style... BUT - obviously there are many different sources providing conflicting pivot values.
I appreciate each broker will produce slightly different values for the previous day's open/close, but would I be right in thinking the general consensus is to take the pivots from 0000 GMT > 2400 GMT, if trading the London session?
That puts my pivots for cable today at:
R2 1.9745
R1 1.9685
Pivot 1.9647
S1 1.9587
S2 1.9549
from yesterdays:
O 1.9679
H 1.9707
L 1.9609
C 1.9626
Am I on the right track? Hate the thought of my pivots being placed at random!
Am eager to incorporate pivots into my trading style... BUT - obviously there are many different sources providing conflicting pivot values.
I appreciate each broker will produce slightly different values for the previous day's open/close, but would I be right in thinking the general consensus is to take the pivots from 0000 GMT > 2400 GMT, if trading the London session?
That puts my pivots for cable today at:
R2 1.9745
R1 1.9685
Pivot 1.9647
S1 1.9587
S2 1.9549
from yesterdays:
O 1.9679
H 1.9707
L 1.9609
C 1.9626
Am I on the right track? Hate the thought of my pivots being placed at random!