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For those of you who trade pivot points

  • #21
  • Apr 4, 2005 12:39pm Apr 4, 2005 12:39pm
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting merlin
i hear this a lot, discretionary guys doing well with pivot points. its it working out for you? it makes sense to use them because a lot of traders/funds are looking at those points as the support and resistance.
I use pivots as a roadmap. I couldn't solely rely on it.
I trade pivots in conjunction with fibs, chart patterns, trendlines and other important s/r levels, as well as candlestick patterns and divergence.
With any of the above mentioned confluence is key.
And yes it is working.
  • #22
  • Apr 4, 2005 2:15pm Apr 4, 2005 2:15pm
Quoting traderone
Here ya go Alex....

www.investopedia.com/terms/p/pivotpoint.asp


Several calculators are available on the Web.


Amen brotha,amen.
  • #23
  • Apr 4, 2005 10:02pm Apr 4, 2005 10:02pm
Quoting Alex
They say I got ta learn, but nobody's here to teach me
If they cant understand it, how can they reach me?
I guess they can't -- I guess they won't
I guess they frontin; that's why I know my life is outta luck

We keep spending most our lives
Living in the Forex Paradise,
We keep spending most our lives
Living in the Forex Paradise.

Tell me what`s a pivot poiiiiiint! (sing it,Coolio style).
LOL!!!!

best post ive seen in a while. you should change your avitar to a pic of coolio!
Relax and be happy.
  • #24
  • Apr 5, 2005 1:40pm Apr 5, 2005 1:40pm
Quoting merlin
LOL!!!!

best post ive seen in a while. you should change your avitar to a pic of coolio!
Good idea.However,I don`t like avatars much.They slow down my dial-up that already sucks.
  • #25
  • Apr 5, 2005 9:58pm Apr 5, 2005 9:58pm
Quoting Alex
Can someone explains me what`s a pivot point,please? something about calculating previous high,
low,close...?

Thanks in advance.
The "pivot point" is the point in a discussion where your wife or girlfriend responds to your lame excuse.

FT
  • #26
  • Apr 6, 2005 12:45am Apr 6, 2005 12:45am
Quoting fijitrader
The "pivot point" is the point in a discussion where your wife or girlfriend responds to your lame excuse.

FT
That, or the point where your margin balance is greater than your net worth.
  • #27
  • Apr 14, 2005 6:24pm Apr 14, 2005 6:24pm
Quoting traderone
Here ya go Alex....

www.investopedia.com/terms/p/pivotpoint.asp


Several calculators are available on the Web.


Thank you for the link traderone! Very neat website!
  • #28
  • Aug 26, 2006 8:48am Aug 26, 2006 8:48am
This is good post with two very accurate studies for all you newbies out there. Since majority of traders trade from some form of moving averges the best two I find is the Slow Stoc's and INtervating Charting. REad below these and it may help you understand more why market is moving.
Trading should be FUN, If not your playing over your head !
  • #29
  • Aug 26, 2006 10:04am Aug 26, 2006 10:04am
I have been using Murrey math lines lately, which is pivot pointish.
To use them you constantly have to decide if it is going to reverse at the line or "breakout". I don't use indicators or anything like that for confirmation.
I use 4hr for my big picture to deternine the probable direction of the market, then the 15 minute prioce action for confirmation of the trade. To determine how I will react to a significant level, I consider the time of day when the level is hit, where we are in the daily range, the aggresiveness of the current direction and the overall fundemental environment. Is that alot to consider? It used to be, but not anymore. All those factors over time just become intuitive and natural, like all of the factors when you are playing your favorite sport. I can't imagine trading any other way, but i guess that is why I trade this way;>
Profit is where readiness meets Opportunity
  • #30
  • Sep 14, 2006 9:43pm Sep 14, 2006 9:43pm
Hey fxopportunist.

i would like to stick MM lines on my mt4. Can you recommend the best indicator - I have about 6 of them, some modified and would like the most accurate.

thanks if you get this message.
  • #31
  • Last Post: Sep 14, 2006 10:11pm Sep 14, 2006 10:11pm
Is this indicator for MT4? Would you mind sharing it with us? Thanks heaps. Much appreciated.

Quoting mfrr
I am a discretionary trader. No automation (haven't found a good way to automate my trading yet).
The only automated thing I have is an indicator that automatically calculates and plots the pivots for me based on time input.
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