Pivot Levels

dbphoenix · Dec 30, 2003

Pivot levels have been awfully useful lately, particularly yesterday and today, but no one mentions them. Is anyone besides funky using them? If not, are there any questions that haven't been answered and that are preventing people from experimenting with them?

traderob · Dec 30, 2003

Quote from dbphoenix:

Pivot levels have been awfully useful lately, particularly yesterday and today, but no one mentions them. Is anyone besides funky using them? If not, are there any questions that haven't been answered and that are preventing people from experimenting with them?

Thanks for bringing this up.
I use them, but I always have a nagging doubt that there is something more I should know. Would love to hear from the pivot pros!

dbphoenix · Dec 30, 2003

Quote from roberk:

I use them, but I always have a nagging doubt that there is something more I should know.

Anything in particular? Something you've noticed?

hoodooman · Dec 30, 2003

I,ve noticed that quote tracker has recently added pivots as a TA indicator but I can't seem to get this option to work. If I have to calculate them myself then I,m not interested.

dbphoenix · Dec 30, 2003

Quote from hoodooman:

I,ve noticed that quote tracker has recently added pivots as a TA indicator but I can't seem to get this option to work. If I have to calculate them myself then I,m not interested.

Funky provided a good spreadsheet that I use. I'll see if I can find the link.

dbphoenix · Dec 30, 2003

Here you go:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=21377&highlight=pivot

Boomer · Dec 30, 2003

Quote from dbphoenix:

Funky provided a good spreadsheet that I use. I'll see if I can find the link.

are yall using the standard formulas for calculating them. i am about to start trading them too.

dbphoenix · Dec 30, 2003

Quote from Boomer:

are yall using the standard formulas for calculating them. i am about to start trading them too.

The formulas ought to be under the numerals in the cells. Click on a cell and check the formula bar above.

iriekity · Dec 30, 2003

Quote from dbphoenix:

Pivot levels have been awfully useful lately, particularly yesterday and today, but no one mentions them. Is anyone besides funky using them? If not, are there any questions that haven't been answered and that are preventing people from experimenting with them?

I use fibonacci levels as pivots as well as support and resistance and I have to say that it works great. Where as I use to trade 2 to 3 names, now I trade anything that meets my criteria. It was at first tough to switch from trying to figure all of this out with just charts or formulas to letting software do it all for me, but now I would never go back. Good thread!

Boomer · Dec 30, 2003

Quote from iriekity:

I use fibonacci levels as pivots as well as support and resistance and I have to say that it works great. Where as I use to trade 2 to 3 names, now I trade anything that meets my criteria. It was at first tough to switch from trying to figure all of this out with just charts or formulas to letting software do it all for me, but now I would never go back. Good thread!

could you give an example of how you use fibonacci levels as pivots. thanks