Pivot Point Discussion

[strtedat22]

This is probably going to be a vague answer but my exits are done off tape
-soultrader

you check tape at key levels like the pivot points

[RAVIN]

Guys, this is probably the 3rd time that I am trying to get some form of clarification on Market Profile and Mark Fisher POC and value ranges. So much has been written about it namely that it mirrors the value areas generated by MP,
Now only Blu-Ray provided some info. perhaps other knowledgeable folks could shed further light.

[darthtrader]

I've read some of the Logical Trader. I'm not really sure how his pivot ranges would mirror MP value areas outside of randomness since I don't believe he is useing volume in their calculations. In balancing market I'm sure they would be pretty close but I imagine in a trend they could get quite far apart. I'm not sure why it really matters though, its not hard to get MP value areas at this point. I do think there has to be some parts of Fishers ideas that would fit in with MP trading though.

Hello all - I am new to trading and traders laboratory so I hope I don't infuriate anyone with this post!

Does anyone know of a good website that is a good source for quick pivot point info? By that I mean, a site that you can type in a symbol and get the high, low and close quickly on the page?

I have tradestation but I have to pull up each chart to look at previous price info. Also, I looked at yahoo finance, reuters etc. but they're not geared up for a quick price info scan on previous trading as they too bring up chart info.

I hope this question makes sense and I've explained myself pretty well. This is my first post on Traders Laboratory so hopefully I haven't ticked anyone off with a "newb" question.


Thanks - Gavin.

[Trvlwanderer]

	Quote:	Mister Ticks
	Hello all - I am new to trading and traders laboratory so I hope I don't infuriate anyone with this post! Does anyone know of a good website that is a good source for quick pivot point info? By that I mean, a site that you can type in a symbol and get the high, low and close quickly on the page? I have tradestation but I have to pull up each chart to look at previous price info. Also, I looked at yahoo finance, reuters etc. but they're not geared up for a quick price info scan on previous trading as they too bring up chart info. I hope this question makes sense and I've explained myself pretty well. This is my first post on Traders Laboratory so hopefully I haven't ticked anyone off with a "newb" question. Thanks - Gavin.

Worth it's weight in gold.

http://www.mindovermarket.com/mindov...vot.asp?SYMBOL

[mister ed]

	Quote:	Mister Ticks
	Does anyone know of a good website that is a good source for quick pivot point info? By that I mean, a site that you can type in a symbol and get the high, low and close quickly on the page? Thanks - Gavin.

Hello Gavin, try barchart.com, type the symbol in the box near the upper left and it will load the past 5 days OHLCV. Works for US stocks.

There is also bigcharts.marketwatch.com , if you go the the "Quotes" page and type in the symbol if will give you CHLV. Works for US stocks and also for other countries (Australia at least).

Hi Folks - Thanks for the replies. I'll check out those 2 sites.


Thanks - Gavin.

Hello again - I feel a bit foolish now as I have just noticed that there is a pivot point calculator on the main page underneath toolbox!


Gavin.

Forgot to paste link!

http://www.traderslaboratory.com/forums/calc.html

[Anonymous]

Sort of an old dead thread, but I will post here. While I believe the VSA thread is both about VSA itself and incorporating VSA with an individual trader's other tool, I do feel this would be an off topic post in that thread.

A lot of the background on the PivotProfile can be found in certain threads, so I will not go into it . That is, unless this thread becomes active and discusses various "pivot" methodologies. Some of which would include, but not be limited to:

1. Floor Pivots
2. Value Area (Market Profile) Pivots
3. Fibonacci
4. Camarilla Pivots
5. Trend clusters
6. Plant harmonic lines
7. Delta
8. Murrey Math
9. Woodie's (of CCI fame)
10. et all.

Anyway, this first chart shows a full PivotProfile for a full 24 hr day (1700-1700 Tuesday the 22-Wensday the 23). The black dotted lines are there just to show separate this time period from the rest of the chart.

One quick note: in a post on the VSA thread I said price target of 1.4504. The low on this day was 1.4509. My reasoning had to do with the Value Area trade. Which brings us to the purpose of the post. How the Pivot Profile defines the trading day and its "correctness" via Market Profile.

The various levels (lines) on this chart HAVE BEEN ADDED AT 1700 - THE END OF THE DAY. Now, one can see many hits and bounces off of these lines. One might go as far as say they are very good. But these lines are done after the day using a static formula. The contention is they SHOULD show you were the market traded on that day. They are, however, used the following day. Of course, to be any good in the next day's trading, they must have some relevance today (all things being equal).

I do not want to go into the VSA, there is a great thread for that. Here, I want to focus on the Profile. Specifically, the fact that area from the upper pink line (DRH) to the lower pink line (DRL) is the VALUE AREA. Roughly 95% of the time, according to Mark Fisher, this area should be the same as through Market Profile. The middle of the Value Area is the Point of Control. Price wants to trade to that high volume level on subsequent days.




The second chart depicts trading later on in the market. You can see that the London open is included as well as the lower volume/slower time before its open. Note how price narrows and coils around the POC and is supported/resisted in the Deviation Range (Upper Pink line to Lower Pink line). Of course, is support or resistance always held, there would be no trends. But our focus is on the apparent role the POC and all other lines/areas play in trading going forward.