[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]

Originally Posted by 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??