Pivot Points - Support - Resistance

Which type of Pivot Point do you use ?

  • Standard

    Votes: 5 62.5%
  • Fibonacci

    Votes: 2 25.0%
  • Camarilla

    Votes: 0 0.0%
  • Woodie's

    Votes: 0 0.0%
  • DeMark's

    Votes: 0 0.0%
  • None

    Votes: 1 12.5%
  • Other

    Votes: 0 0.0%

  • Total voters
    8

Maverick

Master Trader
Apr 3, 2014
323
3
79
Bournemouth UK
5-point system.png

Resistance Level 1 = (2 * Pivot Point) - Previous Low

Support Level 1 = (2 * Pivot Point) - Previous High

Resistance Level 2 = (Pivot Point - Support Level 1) + Resistance Level 1

Support Level 2 = Pivot Point - (Resistance Level 1 - Support Level 1)

Resistance Level 3 = (Pivot Point - Support Level 2) + Resistance Level 2

Support Level 3 = Pivot Point - (Resistance Level 2 - Support Level 2)


These are the figures taken from Yahoo finance for Monday 17th May 2016

Monday 16th May 2016.png
http://www.livecharts.co.uk/Members/display_forex_pivots.php

  • If the above are the recognised formula for the calculations why can't I find an indicator that agrees ?
  • Are Standard Pivots the pivots of choice for the majority ?
  • Fibonacci pivot point, anybody use ?
  • Camarilla pivot point, anybody use ?
  • Woodie's pivot point, anybody use ?
  • DeMark's pivot, anybody use ?
.
 

radex78

Banned
Nov 15, 2015
676
17
54
44
Usually I am only look opn the chart and look SnR on level chart from history candle, using pivot point making confused to me, sometime use fibonaci, but most often only look on candlestick pattern
 

Maverick

Master Trader
Apr 3, 2014
323
3
79
Bournemouth UK
Major problem would appear to be the DATA used to calculate the pivots

May 18th 2016 - DAX - Germany 30

LiveCharts . . . . . . . Investing

R3 10,264.75 . . . . . 9969.00
R2 10,172.52 . . . . . 9927.00
R1 10,031.36 . . . . . 9893.00

p 9,939.13 . . . . . . . 9851.00

S1 9,797.97 . . . . . . 9817.00
S2 9,705.74 . . . . . . 9775.00
S3 9,564.58 . . . . . . 9741.00

http://www.livecharts.co.uk/Members/display_stock_pivots.php

http://uk.investing.com/indices/germany-30-technical

Apart from collecting all your own data every night and doing your own sums . . . Who do you trust ?
.
 

radex78

Banned
Nov 15, 2015
676
17
54
44
If there are certain indicator that automatically calculating pivot point to get area support and resistance might will useful for trader than caluculating manually
 

Maverick

Master Trader
Apr 3, 2014
323
3
79
Bournemouth UK
If there are certain indicator that automatically calculating pivot point to get area support and resistance might will useful for trader than caluculating manually

The problem is non of them seem to agree :(

Which one do you trust ?
.
 

37riched

Active Trader
Dec 26, 2018
117
24
34
35
I suppose the best way to be sure here is by using support/resistance levels keenly and understanding issues of demand and supply. Having an indicator that helps in automatic calculations of pivot points to get the area support and resistance, would be very instrumental though.