weekly pivot [does week finish on friday or sunday?]

I've got such confusion since got interested in pivots. My weekly pivot indic. Uses sunday close as Closing price for calculation.

But logic says that pivot should be calculated for period between weekly open and weekly close. [If I trade for example Ozzie stock, I wouldn't use EST time to calc pivots as it would bring pivot change in a middle of a trading day].

What are your opinion on that? Did anyone compared two ways of calculation?

Any thoughts?

Thanks

try different calculation, and find the best pivot for your trade, basicly I do not really like pivot point

Thanks for your effort, however I was expeccting something more usefull than father's advise: "Do what you think fits best"...

please understand that forex stops trading on friday, 5pm edst and then picks up again on sunday, 5pm edst.

now we all know that, but what youre NOT considering is that SUNDAY is nothing more than the COMPLETION of fridays trading day, which was halted at 5pm.

so SUNDAY becomes the day used in your weekly pivot calculations !

enjoy and trade well

mp