Daily, weekly and monthly Pivot Point

J

jocafi

Hi, I am reading the book "Candlestick and Pivot Point Trading Triggers" (John L. Person) and building my own system have a terrible doubt :confused: , please!

I know that I have to use the prior Pivot Point (PP) for the current day.

How about the current week and current month?

1) Do I have to use the PP of January in February, PP of February in March, and so on?

2) Or could I use the last 21 days excluding the current trade day to build the current monthly PP ?

Thank you in advance for your answers.
 
Quote from jocafi:

Hi, I am reading the book "Candlestick and Pivot Point Trading Triggers" (John L. Person) and building my own system have a terrible doubt :confused: , please!

I know that I have to use the prior Pivot Point (PP) for the current day.

How about the current week and current month?

1) Do I have to use the PP of January in February, PP of February in March, and so on?

2) Or could I use the last 21 days excluding the current trade day to build the current monthly PP ?

Thank you in advance for your answers.
More...
====================
1]No & pay more attention when different months pp are same
2]Yes;
& weekly, mo, 50 day,yearly pp can be helpful. But non of that is as important as position size/market...........................................:cool:
 
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