Pivot Point Discussion

[Anonymous]

Just a quick note on above post. Some of you might not read the VSA thread, so you do not know that unless otherwise stated the charts posted are of the EURO and that the Time frame for the chart shown is 15 min.

[brownsfan019]

Hey PP! Good to see you again!

Very interesting post.

Here's my question for you - what exactly do YOU use in deciding what lines to draw? What I mean is, you've pointed out there's a number of different methodologies to apply here - pivots, fibs, etc. etc. - and if you draw too many your chart is just littered with lines.

So how do you filter what to do use and when?

That was my biggest issue when using fixed lines as you've illustrated here. I tried pivots with MP numbers and some days they looked great and others there would be hardly any trades at all. OR after a big move day the numbers were so far apart that again, little to no trading took place the following day. Maybe that's simply a function of the system, but I could not get it to work no matter how hard I tried...

I'd love to see more charts with exactly what numbers are being used and on multiple markets.

[Anonymous]

	Quote:	brownsfan019
	Hey PP! Good to see you again! Very interesting post. Here's my question for you - what exactly do YOU use in deciding what lines to draw? What I mean is, you've pointed out there's a number of different methodologies to apply here - pivots, fibs, etc. etc. - and if you draw too many your chart is just littered with lines. So how do you filter what to do use and when? That was my biggest issue when using fixed lines as you've illustrated here. I tried pivots with MP numbers and some days they looked great and others there would be hardly any trades at all. OR after a big move day the numbers were so far apart that again, little to no trading took place the following day. Maybe that's simply a function of the system, but I could not get it to work no matter how hard I tried... I'd love to see more charts with exactly what numbers are being used and on multiple markets.

Hi BF. All the ones mentioned were just to get poeple thinking about what can be used and to open up the thread to any form used.

I use the PivotProfile. It is a mixture of Mark Fisher's Pivot Range and a bit of Murrey Math. The premise comes from Fisher. He stated that his Pivot Range was a good approximation to the Value Area generated by Market Prifile data.



The above pic shows what you are talking about. Price is trading on the upper portion of the screen being supported by the Value Area High (DRH). All the lines that are drawn below currently are not relavent and only "scrunch" the price bars (candles). We had a big move in the Euro yesterday so the various ranges are wide. I too would like to hear from others on how they deal with such situations. Other than not drawing a line on the chart that is x ammount of pips/ticks/ away from the current price, what do you guys do?

[marcj]

I'm using Pivots points; Back Testing with Blocks-Worden. I have the best results going Long at R1 and exiting at S1.