Pivot Points

Originally posted by El Cazador
I use Track Data and I have 911.25 for the low at 9:54 EST.

PS I usually get my framework of common numbers (LSS) from Rose at dacharts.com http://www.dacharts.com/~charts/2002-11-07/LSS_Nov_7_ES she posts them almost every day.

I have no commercial interest in www.dacharts.com or Rose.
More...

Nice stuff, George Angell's favorite stuff, based on the work of some Taylor guy, the best source: 'Sniper Trading' by George Angell. I have a similar spreadsheet.
 
Can anyone refer me to an article or website where I can read and understand the theory and practice of these pivots in trading? TIA :)
 
Pivots, resistance, and support levels work very well in conjunction with other indicators such as stochastic. For example, if ES trades down to S1 and at the same time 1min stochastic is giving an oversold BUY signal, it provides a very high probability setup. Of course, support levels do not always hold up, but at least you know to get out quickly if your calculated support area does not hold. This allows you to use reasonably tight stops.
 
Quote from josbarr:
I know Feb 2000 issue of Technical Analysis of Stocks and Commodities has an Article
More...
Thanks josbarr, I appreciate your help.
 
You must log in or register to reply here.
Back
Top