Pivots best default timezone

Hi,

I know we have discussed this before.
Would like to get further pointers/sharing by members who use pivots extensively.

I have traded GU for quite some time and found that pivots starting from GMT best for SRs for intraday trading.

1. Are there anyone out there who uses pivots at GMT+8 (asian) or EST(US)?
2. Or anyone using pivots at start of US session or London Session?

Please rack up some charts as well so that we could have a better picture.
Lets limit the discussion to GU & EU?
Proly the occasional EJ and a coz i think these 3 are proly one of the better pairs for intraday trading considering spreads and volatility. Thanks!

kind regards
jest

Hi Jest, hope all is well with you!

I use weekly pivots mainly, and will occasionaly look at the daily pivots with a GMT+3/5pm New York time daily candle close.

: ) Thom

Hi Thom!

Thanks! Im doing very well indeed. I havent heard from you for quite sometime. Missing those occasional PMs. hahahaha.

This is what i found very intruiging, since daily pivots could be taken from different timzones. this will make alot of difference in SR readings, i am wondering how each discretional trader (who trades pivots) look at these points? Does the trader who trades the London session look at different pivot points from the one that trades the US session? What happens when these two meet during US open? Likelyhood there will be no uniformity, then how the heck do we get clean trends?

Pivots is widely used amongs index futures traders and i want some views from those who are using it trading FX SUCCESSFULLY, proly from here on we could come to a consensus and get a uniformed judgement on the "best accepted timezone" esp. for EU and GU.

regards
jest

I use weekly pivots and at times monthly. I trade the 4 hour chart, so it is perfect for me. Plus, there is not much of difference in the weekly and monthly pivots and SR lines among broker platforms.

And yes, I am trading them successfully.

I use the +5 for e/u and g/u, they seem the most consistent for me. But it varies, I've noticed at certain times other settings seem more in sync.

Hi,

Im not sure if anyone notices...but feeds from ibfx starts at 0000gmt while i havent been religiously using pivots on an intraday basis, i have realised that they do respond very well. Then again as Accrete mention that he uses NY close i.e.5pm est as his daily pivot. And this seems to be the most logical pivot level since US market closed last before the next trading day begin. I'll put up some charts whne i get back home later tonight, and we could discuss further. Thanks and regards.