Weekly & Monthly Pivots

I just wish to thank you all for your contributions & systems. However, to date, so many systems have been very counter productive due confusion.

I am now using the 5 min Intraday system & Bagovino, & Daily Fozzy for position trades.

There is one common thread I use on all systems, & that is weekly pivots. They are very powerfull. Price respects them. Monthly, even more powerfull. Tonight I picked up 30 pips on the cable. I did a sell stop just below weekly S1, TP just above weekly M2. Bring up weekly's on any chart, see for yourself,how price respects them.There are too many variations on daily pivots, based on Midnight GMT, NY Times, etc.

I Use weekly's with any system I choose as pivots are Foreward looking indicators, not lagging like MA's, etc.

Attached is MQ4 File for different pivot levels, you choose what you wish to overlay your charts with.

The MQ4 I am attaching gives 4hr, Daily, weekly & monthly pivots. When you open the indicator, go to inputs & select "true" the pivots you want, "false the pivots you don't want.

Enjoy,

Bazza

Couldn't agree more bazza. I personally like to know where daily, weekly and monthly are at all times in regards to price.

I think I might pay more attention to both weekly and monthly pivot points. Definately a very simple, non lagging indicator that is worth using with any trading technique.

3TF pivot with SR level included

Yes, I have to agree. I have a friend who averages 40-50 pips/week trading just support and resistance.

Hi,

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Can you please post the EA's?

Weekly pivots also give false signals. I am now trying to use monthly pivots.

It is enough to have weekly R and S to now where to enter.. and when to enter in trade.. its depends what strategy use to trade...

PIVOT