Pivot Points

Buddha

1
15 0
Would be interested to know a successful way of using
pivot points for my trading as I have not used them before
any points welcome
 

FTSE Beater

Experienced member
1,518 4
Hi Buddha.

I can't get pivot points to work myself :( , but if you are going to use them, then I would look for other support/resistance around that point, which should make the pivot points work better. :)

HTH
 

strewthmate

Member
71 1
Pivots

In my vast experience :D some markets seem to adhere to the pivots lines more than others. I've found the Cac and S&P to be quite good. Helen has posted lots on the EuroStoxx I believe she's mentioned it sticks to pivots well. As regards a sysem:

Again Helen mentioned this site http://212.38.89.86/spreads/ that mentions using S/R lines a way of taking advantage of spread betting bias. Basically as it approaches a line bet the other way and hopefully enjoy the spread switching back in your favour as the price bounces off this line. Predicting when it will bounce off or break through seems to be the key. I've been experimenting different indicators, but found nothing too reliable yet. Fibonacci lines could also be used in conjuction as discussed on another thread. http://www.trade2win.co.uk/boards/showthread.php?s=&threadid=4205&highlight=pivot

Hope that helps or anyone can help add to this.

Dave
 

Splitlink

Legendary member
10,850 1,233
Pivot points do not work for me- not even close! I think that they are used mainly by traders who do not have continuous access to charts.

The idea is great, though, but not by using the same formula that everyone else is using! That is like telling everyone what you are doing, surely?

Split
 

Riz

Experienced member
1,266 5
Pivots just another thing to keep an eye on like intraday sup/res levels, etc. Split...they dont necessarily work every time they are hit..
 

Helenqu

Established member
841 3
Hi Split,

They do seem to work on the STOXX, but will be breached often in strong trends or only provide a minute or so respite. Also they act on STOXX (and I can only speak for that as it's all I have used them for) within a 4/5 point band, so you can't be exact with them. Then again you can't with any other sort of S/R. My attitude is it's worth knowing where they are, lots of people use them so they are likely to be "sticky". Same things applies to yesterdays, H,L,C values. It's all additional info that can make a difference between profit and loss and you need all the edge you can get.
 

pbarroso

Junior member
14 0
Hi Buddha
I use the CT pivot Indicators for my trading with some success.
Have you been having much success with yours?
Do do you use it in conjuction with other indicators?
 

Buddha

1
15 0
Pivot

Yes - use it with CT signal but its amazing how the pivots
act as a good indicator for taking profit or closing out
part of a deal - I also use them to give me a handle on
the days trading action

regards
 

bally35

Junior member
46 0
:D surely in order to work out the pivot points,one only has to use a pivot calculater........the site below

www.surefirething.com is charging $99.00 per month.... :eek:


$99.00 ,basically using the same principle as using a pivot calculater....this can't be right ...am i missing something :D
 

eddyjo

Active member
185 3
Hi there everybody, can somebody recommend some reading
material dealing with "pivot points"? Thanks Eddy.
 

JonnyT

Senior member
2,560 22
<i>Hi there everybody, can somebody recommend some reading
material dealing with "pivot points"? Thanks Eddy.
</i>

Yes, 'Spin on this Saddam' by George W Bush.

Seriously I think they offer nothing and can be explained by randomness. Have a look at 'Fooled by Randomness' by Naseem Taleb, great book.

JonnyT
 
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