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Attachments: Standard Pivots and Fibonnaci Pivots?
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Standard Pivots and Fibonnaci Pivots?

  • Post #1
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  • First Post: Dec 25, 2007 11:44pm Dec 25, 2007 11:44pm
  •  shauny
  • | Joined Jul 2007 | Status: Still learning and never gonna stop | 127 Posts
Hi, I just recently come across Fib pivots. Would appreciate if someone can point to me their differences and which is more reliable? And also I cannot find much reading on Fib pivots, can someone kindly show me the source, so I can go read up myself as well???



Many Thanks!!
  • Post #2
  • Quote
  • Dec 26, 2007 11:34am Dec 26, 2007 11:34am
  •  In2Blues
  • | Joined Nov 2006 | Status: GBP Lover | 242 Posts
Google fibonacci pivot points and you'll find lots of resources, including a Fib PP calculator.
  • Post #3
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  • Jan 3, 2008 10:02pm Jan 3, 2008 10:02pm
  •  hanover
  • Joined Sep 2006 | Status: ... | 8,081 Posts
Quoting shauny
Disliked
Hi, I just recently come across Fib pivots. Would appreciate if someone can point to me their differences and which is more reliable? And also I cannot find much reading on Fib pivots, can someone kindly show me the source, so I can go read up myself as well???

Many Thanks!!
Ignored
Shauny, see my post here: http://www.forexfactory.com/showthread.php?p=1506991

Also here: http://www.forexfactory.com/showthread.php?p=1583247

Happy New Year,
David
  • Post #4
  • Quote
  • Oct 2, 2008 12:29pm Oct 2, 2008 12:29pm
  •  boropicalo
  • | Joined Oct 2008 | Status: Member | 2 Posts
What is the Fibonnaci? Could someone help me with that? How does it work the fibonnaci, how is it useful when trading forex? I recently downloaded my metatrader 4 and I need to understand the Fibonnaci
  • Post #5
  • Quote
  • Aug 31, 2009 10:33pm Aug 31, 2009 10:33pm
  •  DigiTrader
  • | Joined Jul 2009 | Status: Junior Member | 1 Post
I have been using Daily Fibo Pivots. Price seems to stall or bounce off from these areas, sometimes to the PIP. Here is the formula for Fibo Pivots:

Pivot = ((YesterdayHigh + YesterdayLow + YesterdayClose)/3);
DailyRange = YesterdayHigh - YesterdayLow;

R1 = Pivot+(0.382*DailyRange);
S1 = Pivot-(0.382*DailyRange);
R2 = Pivot+(0.618*DailyRange);
S2 = Pivot-(0.618*DailyRange);
S3 = Pivot-(1*DailyRange);
R3 = Pivot+(1*DailyRange);

If you are a scalper, take profit at these levels. Usually, once price breaks below S2 or above R2, the move is usually strong.

In addition to the Daily pivots, the weekly pivots are calculated by weekly prices. The markets seems to treat them as support and resistant as well. Here is the formula for the weekly Fibo pivots:

WeekPivot = ((WeekHigh + WeekLow + WeekClose)/3);
WeeklyRange = WeekHigh - WeekLow;

WR1 = WeekPivot+(0.382*WeeklyRange);
WS1 = WeekPivot-(0.382*WeeklyRange);
WR2 = WeekPivot+(0.618*WeeklyRange);
WS2 = WeekPivot-(0.618*WeeklyRange);
WS3 = WeekPivot-(1*WeeklyRange);
WR3 = WeekPivot+(1*WeeklyRange);

Hope the information helps.
  • Post #6
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  • Sep 1, 2009 3:03am Sep 1, 2009 3:03am
  •  acumen
  • Joined Mar 2007 | Status: Member | 3,709 Posts
Here's a pic with daily pivots.

Mike
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  • Post #7
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  • Sep 1, 2009 3:39am Sep 1, 2009 3:39am
  •  Dopey
  • Joined Apr 2005 | Status: Dopey Bastard | 1,568 Posts
Acumen,


Are you plotting these manually or using a MT4 indicator? If the latter, could you tell me where to find it.

Thanks.
  • Post #8
  • Quote
  • Sep 1, 2009 4:01am Sep 1, 2009 4:01am
  •  pipgame
  • | Joined Apr 2009 | Status: winner never quit;quitter never win | 207 Posts
Quoting Dopey
Disliked
Acumen,


Are you plotting these manually or using a MT4 indicator? If the latter, could you tell me where to find it.

Thanks.
Ignored

I just saw your question.......
Here it is....

http://www.forexfactory.com/showpost...&postcount=454

have a nice trading day
  • Post #9
  • Quote
  • Last Post: Sep 1, 2009 6:33am Sep 1, 2009 6:33am
  •  Dopey
  • Joined Apr 2005 | Status: Dopey Bastard | 1,568 Posts
Quoting pipgame
Disliked
I just saw your question.......
Here it is....

http://www.forexfactory.com/showpost...&postcount=454

have a nice trading day
Ignored
Thank you.
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