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Old 11-03-2006, 04:05 PM   #1

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Pivot Point Clarification
Hi Guys,

Researching pivot points right now!

when calculating we use the high price, low price and closing price of the previous day right?

note: i'm using the soultrader pivot tool for tradestation.

ta jay.
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Old 11-03-2006, 04:08 PM   #2

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Re: Pivot Point Clarification
Hi Jay,

Youre correct. Just make sure you use the correct high, low, and close. All instruments have different trading hours.
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Old 11-11-2006, 09:14 AM   #3

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Re: Pivot Point Clarification
What about FOREX (24/24h) what is the opening and the close?
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Old 11-11-2006, 09:35 AM   #4

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Re: Pivot Point Clarification
Traderix,

What currency do you trade?
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Old 11-11-2006, 09:41 AM   #5

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Re: Pivot Point Clarification
EUR/USD
and
GBP/USD
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Old 11-11-2006, 09:50 AM   #6

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Re: Pivot Point Clarification
Hi traderix,

Im not a currency trade but our member feb2865 in our forum is a season Forex trader. He held a chat seminar a few days back and I was informed he used the time: 6:00pm to 5:00pm next day to plot the high/low.

This applies to both the EUR/USD and the GBP/USD. Hope this helps.

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Old 11-11-2006, 10:16 AM   #7

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Re: Pivot Point Clarification
Thank you!
Is there any transcription of this seminar?

By the way, I just discovered your forum today and like it very much. What a difference with other "well known" forums outthere! Very clean and professionnal!

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Old 11-11-2006, 10:33 AM   #8

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Re: Pivot Point Clarification
Thank you traderix,

Here is the link to the transcript: http://www.traderslaboratory.com/for...forex-746.html

Welcome aboard as well. I hope you stay with us Look forward to your participation.

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