Which Pivot points should I use? | Forex Factory

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Which Pivot points should I use?

  • #1
  • First Post: Oct 12, 2010 12:34am Oct 12, 2010 12:34am
Hi.
I have a pivot indicator in my MT4 who gives my pivot points, but those are diffrent from those i find on www.Pivotfarm.com
Which one should I use/ Which one are correct?
Thanks for helping
  • #2
  • Oct 12, 2010 3:42am Oct 12, 2010 3:42am
Frankly you don't need any of those.
  • #3
  • Oct 12, 2010 6:10am Oct 12, 2010 6:10am
Quoting Sunsi
Hi.
I have a pivot indicator in my MT4 who gives my pivot points, but those are diffrent from those i find on www.Pivotfarm.com
Which one should I use/ Which one are correct?
Thanks for helping
Heres a PP indi which shows the 4hr, Daily, weekly and monthly pivots, each has true/false options so you can turn which ever ones you don't want off. Out of all the different ones i have tried this is the one that i liked the most.

Enjoy
Attached File(s)
File Type: mq4 PivotCustom_4TimeFrames.mq4   42 KB | 470 downloads
Even If It Is A Minority Of One, The Truth Is Still The Truth!!!
  • #4
  • Oct 12, 2010 8:59am Oct 12, 2010 8:59am
Quoting TJPLD
Frankly you don't need any of those.
You don`t use Pivot points?
Or is the two i mention over not the best choice?
  • #5
  • Oct 12, 2010 9:00am Oct 12, 2010 9:00am
Quoting Aussie_Pride
Heres a PP indi which shows the 4hr, Daily, weekly and monthly pivots, each has true/false options so you can turn which ever ones you don't want off. Out of all the different ones i have tried this is the one that i liked the most.

Enjoy
Thank you But is it diffrent then from pivot farm?
  • #6
  • Oct 18, 2010 11:02pm Oct 18, 2010 11:02pm
What timeframe is most common to use: 12 to 12 or 5 to 5? Would like to use what everyone else is using regarding pivots.
  • #7
  • Oct 19, 2010 3:10am Oct 19, 2010 3:10am
Quoting TJPLD
Frankly you don't need any of those.
Big Boss knows the truth
  • #8
  • Oct 19, 2010 3:15am Oct 19, 2010 3:15am
Quoting Sunsi
Hi.
I have a pivot indicator in my MT4 who gives my pivot points, but those are diffrent from those i find on www.Pivotfarm.com
Which one should I use/ Which one are correct?
Thanks for helping
What ever pivot points you will use, it will only work when all market participants are using same pivot points to enter and exit the trades. That will not happen and this is the reason 95% fail and quit.

Think about it-

Each and every trader has its own method. We have numerous ways to calculate pivot points thanks to human beings thinking who innovate.

No individualistic trading method will work and what will work is tuning with the collective sentiment of the market.
  • #9
  • Oct 19, 2010 12:26pm Oct 19, 2010 12:26pm
GMT midnight works best for Daily Pivots. Use one that shows you yesterdays High & Low as well.
It never gets easier, you just get better
  • #10
  • Nov 10, 2010 11:09pm Nov 10, 2010 11:09pm
hi
low
close
alot of traders use this set up
Attached File(s)
File Type: mq4 Fibonacci Pivots THV.mq4   5 KB | 414 downloads
File Type: ex4 Fibonacci Pivots THV.ex4   6 KB | 382 downloads
KEEP IT SIMPLE PIPPING
  • #11
  • Edited Nov 11, 2010 12:50pm Nov 10, 2010 11:50pm | Edited Nov 11, 2010 12:50pm
Quoting jvh2811
hi
low
close
Take the OHLC data for an extended amount of time and dump it into an Excel spreadsheet. Then calc the pivots and set your entry rules. Then see if there's any edge to using pivots.


Quoting jvh2811
alot of traders use this set up
Just one more reason to stay away from them.
  • #12
  • Nov 11, 2010 4:14am Nov 11, 2010 4:14am
Quoting kingfisher
What ever pivot points you will use, it will only work when all market participants are using same pivot points to enter and exit the trades. That will not happen and this is the reason 95% fail and quit.

Think about it-

Each and every trader has its own method. We have numerous ways to calculate pivot points thanks to human beings thinking who innovate.

No individualistic trading method will work and what will work is tuning with the collective sentiment of the market.
Totally agree with this, and that is the reason why i don't use them.
  • #13
  • Last Post: Nov 11, 2010 6:33am Nov 11, 2010 6:33am
Quoting Sunsi
Hi.
I have a pivot indicator in my MT4 who gives my pivot points, but those are diffrent from those i find on www.Pivotfarm.com
Which one should I use/ Which one are correct?
Thanks for helping
monthly pivots
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