Pivot Points?

[TASK]

Does anyone here use pivot point when day trading? This morning I was going through the indicator list on Ninja Trader and I was curious about using them. Whats your experience using pivot points? Thanks in advance guys.

 

[Bint_Crusher]

Does anyone here use pivot point when day trading? This morning I was going through the indicator list on Ninja Trader and I was curious about using them. Whats your experience using pivot points? Thanks in advance guys.

Classic pivots were used by pit traders, nowdays all they use is fib pivots. The best way to find out is google pivots and backtest them. I have used them as a mechanical method to define intraday targets but little else.