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Kris

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Posts: 347

Joined: 4/20/2006
Location: JNB, ZA

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Subject : RE: Rolling Pivot Points
Posted : 7/27/2007 3:34 AM
Post #5929 - In reply to #4233
Well, I think we can retire the DailyPivots60min indicator, as OT2007 FloorPivot() does a great job if one adjusts the Exchange Information [menu] >> Edit >> Exchange Information..., where one can specify correct time-zone and market hours.

However, the DailyPivot10min (top right on attached pic) is still useful as it shows mid-points between the R#-PP-S# levels. Typically after a narrow day (see 19-Jul and 25-July on bottom right Hourly chart) the next day's (20-Jul and 26-Jul) pivots are bunched up and one should be ready for a larger move. Conversely, after a large move on a day like yesterday (26-Jul) one should use the mid points, see 10-min chart (top right corner) for precise entry and exit points.

By the way, yesterday we had another massive JPY move from central Pivot level all the way to S5 level(!) This time I was in from of my trading station and made some good cash :-)

Cheers, Kris
Attached file : JPY.JPG (204KB - 413 downloads)

Deleting message 5929 : RE: Rolling Pivot Points


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