DislikedPivot points are calculated from yesterday's High, Low and Close prices, so they are related to how you define the starting time of a day. From your charts I can see you are using MBT which is using EDT time as the chart time. EDT is in fact GMT-4, while the chart time adopted by most brokers is GMT, GMT+1 or GMT+2. GMT, GMT+1 and GMT+2 do not have too much difference, so we can see most trader's pivots do not differ too much. While, GMT-4 has a big difference, so you got very different pivot points.
In the 24-hour-trading FX market, there are mainly...Ignored
- #3,185
- Oct 7, 2009 11:07am Oct 7, 2009 11:07am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
" Never let the past hold the future to ransom "
- #3,188
- Oct 7, 2009 11:35am Oct 7, 2009 11:35am
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
" Never let the past hold the future to ransom "
- #3,191
- Edited 12:28pm Oct 7, 2009 12:04pm | Edited 12:28pm
- Joined Jun 2009 | Status: Trader | 2,430 Posts
- #3,192
- Oct 7, 2009 12:21pm Oct 7, 2009 12:21pm
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
" Never let the past hold the future to ransom "
- #3,193
- Oct 7, 2009 12:28pm Oct 7, 2009 12:28pm
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
" Never let the past hold the future to ransom "
- #3,195
- Oct 7, 2009 1:53pm Oct 7, 2009 1:53pm
- Joined Apr 2005 | Status: Mr. R.E. TIRED | 4,540 Posts
" Never let the past hold the future to ransom "