pivot points
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Thread: pivot points

  1. #1
    Hello, I have read pp and consider which types pp would be the most and very best useable?

    Classic, Camarilla, Fibonacci, Woodie

    I'd like also understand, which time will be the very best way to count Daily low,high,close
    if I trade EUR/USD. It is counted by me in GMT time, is it? Please discuss your oppinions...

  2. #2

  3. #3

  4. #4
    2 benssol,

    thank but exactly what do you really mean EST 5? Time that's 5 hours from Coordinated Universal Time is meant by you

  5. #5
    5 pm EST is the EOD and per week open/close along with the rollover time too ...

  6. #6
    5:00 pm ET is exactly what the big boys (such as currency hedge funds and CTAs) generally consider to be the daily close. So, yes, you'll want to adhere to this time to your daily life.

    That is 21:00 GMT for nearly 8 months from the year, when Daylight Saving Time is in effect in the eastern US, 2nd Sunday in March during 1st Sunday in November. When DST isn't in effect it is 22:00 GMT during another 4 months.

    Notice your market maker's daily end-of-day timing may be quite different.

  7. #7
    Quote Originally Posted by ;
    Hello, I have read pp and believe which types pp are the best and most usable?

    Classic, Camarilla, Fibonacci, Woodie

    I would like also know, which time are the best to count Daily low,high,near
    if I trade EUR/USD. It is counted by me is it? Please share your oppinions...
    Classical pivot point.
    For amounts on D1 (and on W) an estimated period 21.00 GMT.
    It is good to add with amounts of Fibonachchi (such as D1 and over).
    These amounts for trade on progr M30 and H1.
    Duration of trends till 4 days.

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