Another curly one

Hi Everyone,

Another question:

I have been using and doing quite abit of research on piviot points and their application and thought I had a handle on it all untill yesterday when all of a sudden M1 and M4 came into it.
I understand what PP, R123 and S123 is all about but have know idea what this M1 and M4 lark is all about.


Can someone either point me in the direction of some info on this or explain what it's all about please.

Thanks in advance

Da Puss

What??? 33 views and no replies???, Sounds to me like this isn't worth knowing. Great one less thing Blair

Hi Puss, thought I would respond. Pivots are not talked about too much on this forum. M1 thru M4 are extra points of support and resistance.Laid out so.
R2
M4
R1
M3
Pivot
M2
S1
M1
S2
They are exactly halfway between the major pivots, because price will stall sometimes between the major pivots, and be used to enter a trade if these pivots are penetrated-depending are which way price is going. Up and through would see you buying,down and through a sell indication.

Hope this helps and good trading to you.

Desert4x

Thanks Dessert, You are a ledgend my friend. This helps wickedly....

Sorry its taken a while to get back. Had computer issues over the past few days, all's good now though.

Cheers
Puss