Good Morning, I have began to incorporate Pivot points into my daily trading, I was wondering how important they actually are and how far back do they effect PA ? By that I mean, do you become aware and use the previous days pivots points, or the day before that? If so, are pivot points simply support and resistance lines that can be drawn on your charts at significant points anyway? Or do daily pivot points serve a different purpose?
If I were to draw on even that last 3 or 4 days daily pivot points, including the present day, that would leave very little trading room in between?
Regards
If I were to draw on even that last 3 or 4 days daily pivot points, including the present day, that would leave very little trading room in between?
Regards