Calculating daily pivots for spot

[Dr Who]

For daily pivot calculations with SPOT what time zones are used for it and what time is used? 24 hour market when does the market officially end?

I have read that it is 4pm New York time for calculating the pivots so just would like clarificaiton on it.
Thanks
Dr.

[Buk]

we use 17.00 EST (22.00 London) as our pivot calc cut-off marker....

[Dr Who]

Buk, thanks I read the other post too.

[steveshutts]

I am also having problems achieving the same levels as Texas. Could somebody please verify exactly which High, Low and Close prices are used to calculate the pivots?
I know that the close is taken from the US close at 22:00 GMT but what high/low price is used?
I seem to be getting different levels, and not just by a few pips either.

[Buk]

Steve......

Anna-Maria calc'd today's pivots from the H-L-C of y'days session....

ie: High = 9787...Low = 9717...Close = 9754......

main piv = 9752...

R1 = 9788
R2 = 9822
R3 = 9858

S1 = 9718
S2 = 9682
S3 = 9648

[Buk]

	Quote:	steveshutts
	I am also having problems achieving the same levels as Texas. I know that the close is taken from the US close at 22:00 GMT but what high/low price is used?

aaah, just a thought!......you're not, by any chance, referring to her 35 & 50% range/from closing price markers are you (from another thread)??

if so, then they're not calc'd along the conventional pivot H-L-C formula.....

[steveshutts]

Thanks Buk.
Yes, i was referring to those. I always have up my pivots and asian range so i am aware of these but have never encountered the others before.
To be honest, i suppose i have enough markers there to worry about!

[Buk]

no problem!......yeah, she only uses those % s&r markers within the confines of a specific strat........usually after big days or as price is either basing/consolidating after a run up or down........

price tends to obey the 35/50 (level to level) markers a little more accurately than the conventional pivots on those occasions..........

but, as you say - unless yo have a specific strat or method which encompasses a particular set of parameters, it's often best to stay with "what you know" etc..........

nice to see you here btw, how you doin??

[steveshutts]

Yeah not bad thanks Buk, you?
Still cracking away at it. Things are getting slightly better but still not happy enough yet. Fortunately, thanks to your guidance i am on the right side of things now, looking for the right opps in line with the 240 trend.
I came across this board by accident and happen to notice the old guys were still lurking about, you, Anna, Cowpip and PipMonster. Great to see some life again so here i am!

[Buk]

	Quote:	steveshutts
	Yeah not bad thanks Buk, you? Still cracking away at it. looking for the right opps in line with the 240 trend.

oooh, I'm fine.....doing just enough to keep me out of the flop house

yeah, stay on those +hourly charts Steve....don't go mixing it with the sharks on the sub 15mins, they'll have your pants off you quick as a flash!!

I like this place a lot.....a very good mix of instruments & styles etc....some very savvy folks posting on here, you'll enjoy it!!