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  • #181,881
  • Jan 18, 2010 10:58am Jan 18, 2010 10:58am
Anybody know the answer to this question:

How do you calculate Pivot Point properly:

Traditionally Pivot Points are areas where the sentiment for the day changes from High to low. The formula is as follows:

Pivot Point Calculation:
High + Low + Close/3
R1=2*Pivot - Low Normal Trading Range
S1=2*Pivot - High For Next Period
R2=Pivot + (Resistance1 - Support1) -Extreme Trading Range
S2=Pivot - (Resistance1 - Support1)
R3=High + 2*(Pivot - Low)
S3=Low - 2*(High-Pivot)

Now my problem is that lets say that the Japaneese session starts at 20:30 EST, If I want to calculate the Pivot Point for the USD/JPY pair do I look back at 24 hours before starting from 20:30

or

do I check what was the High/Low/Close from 8:30 in the morning up to 20:30

The problem that I am encoutering is that If the market does move from 24 hours ago up to start of the New York session and then makes a really big move in the New York session, then my pivot point will be off, because it makes more sense to just take the New York session and calculate the pivot point

Thanks for any help
  • #181,882
  • Jan 18, 2010 10:59am Jan 18, 2010 10:59am
The music was with Sterling today...

Therefore I switched over to CABLE for a while...

Wat solls - pips is pips...
  • #181,883
  • Jan 18, 2010 11:03am Jan 18, 2010 11:03am
just passed 1.4390 maybe this time it will keep going past 1.44
  • #181,884
  • Jan 18, 2010 11:05am Jan 18, 2010 11:05am
Quoting Kambooj
Anybody know the answer to this question:

How do you calculate Pivot Point properly:

Traditionally Pivot Points are areas where the sentiment for the day changes from High to low. The formula is as follows:

Pivot Point Calculation:
High + Low + Close/3
R1=2*Pivot - Low Normal Trading Range
S1=2*Pivot - High For Next Period
R2=Pivot + (Resistance1 - Support1) -Extreme Trading Range
S2=Pivot - (Resistance1 - Support1)
R3=High + 2*(Pivot - Low)
S3=Low - 2*(High-Pivot)

Now my problem is that lets say that the Japaneese session starts at 20:30...


Here you will have it my dear ! ! !


http://www.babypips.com/school/how_t...ot_points.html


  • #181,885
  • Jan 18, 2010 11:12am Jan 18, 2010 11:12am
Quoting Kambooj
Anybody know the answer to this question:

How do you calculate Pivot Point properly:

Traditionally Pivot Points are areas where the sentiment for the day changes from High to low. The formula is as follows:

Pivot Point Calculation:
High + Low + Close/3
R1=2*Pivot - Low Normal Trading Range
S1=2*Pivot - High For Next Period
R2=Pivot + (Resistance1 - Support1) -Extreme Trading Range
S2=Pivot - (Resistance1 - Support1)
R3=High + 2*(Pivot - Low)
S3=Low - 2*(High-Pivot)

Now my problem is that lets say that the Japaneese session starts at 20:30...

No no no - you always have to calculate from previous days session OPEN - HIGH - LOW - CLOSE...

Then you will get the properly precise PIVOTAL POINTS...

SWAP ROLLOVER TIME - most of those ugly "ONLINE BROKERS" will have that at around 22:00 GMT or 22:00 UTC ...
  • #181,886
  • Edited 11:46am Jan 18, 2010 11:14am | Edited 11:46am
Bull within bull , long & close again . funny pa , last time will take long at 1.4383/79/74 if reach or after break up 1.44.otherwise will take short .
fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #181,887
  • Jan 18, 2010 11:23am Jan 18, 2010 11:23am
Hi Red,

have u got a MT4 script for that? yes, kind of lazy on my side...

thanks

hapipipin everyone!
dreams do come true.
  • #181,888
  • Jan 18, 2010 11:25am Jan 18, 2010 11:25am
Quoting Kambooj
Anybody know the answer to this question:

How do you calculate Pivot Point properly:

Traditionally Pivot Points are areas where the sentiment for the day changes from High to low. The formula is as follows:

Pivot Point Calculation:
High + Low + Close/3
R1=2*Pivot - Low Normal Trading Range
S1=2*Pivot - High For Next Period
R2=Pivot + (Resistance1 - Support1) -Extreme Trading Range
S2=Pivot - (Resistance1 - Support1)
R3=High + 2*(Pivot - Low)
S3=Low - 2*(High-Pivot)

Now my problem is that lets say that the Japaneese session starts at 20:30...

Or just take it from here - as this is quite precise enough for your purposes - and you will have it with different time frames...

http://www.actionforex.com/index2.ph...ge=0&Itemid=30

So anybody should know then what you are talking about if you will use these levels...
  • #181,889
  • Jan 18, 2010 11:30am Jan 18, 2010 11:30am
thanks anyway!

hapipipin
dreams do come true.
  • #181,890
  • Jan 18, 2010 11:47am Jan 18, 2010 11:47am
seeing a possible reversal here?

hapipipin
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dreams do come true.
  • #181,891
  • Jan 18, 2010 11:48am Jan 18, 2010 11:48am
ok now that london session has closed, and us didnt open.. whos playing the market ?? only retailers ??
  • #181,892
  • Jan 18, 2010 11:49am Jan 18, 2010 11:49am
Quoting wannaberich
seeing a possible reversal here?

hapipipin
im with you
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  • #181,893
  • Jan 18, 2010 11:49am Jan 18, 2010 11:49am
Quoting flo7002
Anyone can interpret this ? Is this pointing to higher or lower E/U?

"London, January 18. More selling of EUR/USD high strikes today, with 2mth 1.47"s hit in the last few minutes at 10.3. 2mth atmf vol by comparison is around the 10.65 level. Recall Friday we were reporting sales of 3mth 1.4950"s via a risk reversal - buying 1.3650 EUR puts at a 1.725 premium against the high strike. "
Looks like someone is selling volatility?
  • #181,894
  • Jan 18, 2010 11:55am Jan 18, 2010 11:55am
Sterling / Dollar looks pretty overcooked again...


  • #181,895
  • Jan 18, 2010 11:58am Jan 18, 2010 11:58am
Quoting wannaberich
seeing a possible reversal here?

hapipipin
in this volatili anything could happen mate.. it is moving so slow
Pation is the Holy Grail
  • #181,896
  • Jan 18, 2010 12:00pm Jan 18, 2010 12:00pm
sideways possibly until tokyo?

Quoting CzechTrade
in this volatili anything could happen mate.. it is moving so slow
dreams do come true.
  • #181,897
  • Jan 18, 2010 12:01pm Jan 18, 2010 12:01pm
Usually don't trade USD/CAD, but keeping my eye on it for a possible short.
  • #181,898
  • Jan 18, 2010 12:09pm Jan 18, 2010 12:09pm
zzz... no mrkt open...
  • #181,899
  • Jan 18, 2010 12:11pm Jan 18, 2010 12:11pm
Long $/CHF 1.0240 :-)
  • #181,900
  • Jan 18, 2010 3:26pm Jan 18, 2010 3:26pm
Quoting GulfCoastPip
Hey you jackass. Don't start your shit with me. EU was in a range and I was looking at other pairs. FU.

If you don't have anything decent to say....keep your F'n mouth shut and show a little courtesy around here, punk.
X2. Thx 4 the CAD info Gulfcoast.

Also, thank you to Red Sheriff? For posting those S/R levels in different T/F's. Are those updated every day?

I've been sitting here with a calculator every day like a moron.

Donnie
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