Mid Pivot Point Levels

Hi,

Are mid pivot points M1,M2,M3,M4 etc just as significant as R1234 etc? Are they the same strength that the majority of traders use or less important?

Thanks.

I would say No, the midpivots are generally not as ' importan 't as the main pivots, as you describe them, and that further; all calculated pivots are less importnat on non exchange traded markets like spot forex - there being no official OHLC so they are to some extent subjective.

G/L

Pipsaholic said:

Hi,

Are mid pivot points M1,M2,M3,M4 etc just as significant as R1234 etc? Are they the same strength that the majority of traders use or less important?

Thanks.

Click to expand...

Interesting, I find them helpful if they are close to major structure levels as a points of confirmation. So, if I traded a offical exchange market other traders big n small would use 1 set of OHLC levels determined by the exchange?

Heard your doing a presentation in London soon may be able to make it im miles away up north however, try and make a utube video if you can.

Yeh, determined and calculated from the official OHLC figures of the market exchange.

I have no plans to do a presentation anytime soon, don't know where you got that from.

G/L

Pipsaholic said:

Interesting, I find them helpful if they are close to major structure levels as a points of confirmation. So, if I traded a offical exchange market other traders big n small would use 1 set of OHLC levels determined by the exchange?

Heard your doing a presentation in London soon may be able to make it im miles away up north however, try and make a utube video if you can.

Click to expand...

bbmac said:

I have no plans to do a presentation anytime soon, don't know where you got that from.

Click to expand...

As 99.99% of everything posted on a trading forum is either wrong or complete nonsense it hardly comes as a surprise to hear that !

bbmac said:

Yeh, determined and calculated from the official OHLC figures of the market exchange.

I have no plans to do a presentation anytime soon, don't know where you got that from.

G/L

Click to expand...

Cool. Just rechecked it was last year sorry.

the hare said:

As 99.99% of everything posted on a trading forum is either wrong or complete nonsense it hardly comes as a surprise to hear that !

Click to expand...

I disagree. A lot of threads and posts are now working for me.