@cat OK, now I've looked at the chart from my broker that runs a 24 hr synthetic chart, with pivots based on a 23:39 close, this gives the pivots that you are working with, whereas mine are based on pre XO to US close - the more standard MT4 set-up.
The problem IMO with the 24 hour synthetic is that trading after the XO close is thin and after the US close almost non existent.
Thus, last night there were no trades between 22:15 and 22:55, so at that time the DP would have been ~ 10,070 on that chart.
However, after 22:55 the Dow Futures rallied ~95 points, pulling Synthetic Dax up 58 pts and making its 23:59 close 39 pts higher, thereby creating a totally different daily high and close.
This explains the huge difference in both the DP and all of the other levels that we can see looking at various charts recently posted.
Thus its up to the individual trader to research which pivots are ACTUALLY respected by the market itself......
PS my earlier limit buy was missed by 2 ticks - pity as that too went > +50
The problem IMO with the 24 hour synthetic is that trading after the XO close is thin and after the US close almost non existent.
Thus, last night there were no trades between 22:15 and 22:55, so at that time the DP would have been ~ 10,070 on that chart.
However, after 22:55 the Dow Futures rallied ~95 points, pulling Synthetic Dax up 58 pts and making its 23:59 close 39 pts higher, thereby creating a totally different daily high and close.
This explains the huge difference in both the DP and all of the other levels that we can see looking at various charts recently posted.
Thus its up to the individual trader to research which pivots are ACTUALLY respected by the market itself......
PS my earlier limit buy was missed by 2 ticks - pity as that too went > +50
Trading Levels with WRBs