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Re: Classic VAL break pivot play
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How are weekly and monthly pivot calculated? The same way as daily? |
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Yes. Just use the weekly and monthly chart and take the high, low, and close.
There will be quite some distance with the weekly and monthly pivots so some traders choose to use midpoints. I do not apply midpoints.
There is a variety of ways to calculate pivots. Make sure to take a look at this thread.
http://www.traderslaboratory.com/for...t=pivot+points
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James Lee
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