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You mock, but this is actually a very subtle way to understand pivots. That is, one should be using them to focus attention of price patterns, volume patterns, indicator changes  , et all. In other words, just because price moves down towards s1 you should not go long. But you should start paying more attention to what price does as it nears this area. |
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Hmmmmmm, your 1st point (me mocking using these price points) - guilty... I will often use a humourous (hopefully) approach to discussion points.
Your 2nd point, using pivots to focus attention on price behaviour, i.e. using them as reference points in assessing current price action - I think Linda BR has an article about doing just this - I fully agree with you. I do wonder though that if just picking a random price point and using this as a refernce point might not very well be just as valid...food for thought.
I suppose some elaboration on my initial post might clarify my ideas a little, to me if to no-one else at least! I use reference points generated by price activity - this is why I place more credence on yesterday's high, low and close, and today's open as against derived prices, whether that be through floor pivot calculations or MP calculations, or Fibs or whatever else is derived rather than direct. I also use prices generated through the sessions trading - swing highs or lows for instance, i.e. prices from where the market changed character, swing moving from up to down for example. These to me are more valid "pivot points" (for want of a better term) and useful as future reference points.