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In Perry Kaufman's book "Trading Systems And Methods" , he list the Pivot
Point method (along with some other methods) as a way of projecting the
next bar's high and/or low. As I mentioned before, I have never traded or
tested this method....so I am of little help to you.
Adam
----- Original Message -----
From: <whardy@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, June 15, 2000 11:19 PM
Subject: RE: (Market) US bonds
> How does one use these pivot points? I plotted the points and am assuming
they identify
> support and resistance levels, but which ones do you watch for penetration
of, all of them?
>
>
> > ** Original Subject: RE: (Market) US bonds
> > ** Original Sender: "Adam Hefner" <vonhef@xxxxxxxxxxxx>
> > ** Original Date: Wed, 14 Jun 2000 09:14:48 -0500 (CDT)
>
> > ** Original Message follows...
>
> >
> > Mr. Harvey,
> > Your observations serve you very well, one of the calculations
> > for the monthly high's and low are the same as one of the
> > support levels of the pivot point method. I have listed below
> > the code you requested for the "Pivot Point" method, the
> > first code is the classic pivot point calculation,
> > the second two allow the weekly and monthly levels to be
> > displayed on a daily bar chart. I have no system test for this
> > and have never used or tested these code for trading.
> >
> > Adam
> >
> > ---------------------------------
> > name= Pivot Point
> >
> > PP:=Typical();
> > R1:=(2*PP)-L;
> > S1:=(2*PP)-H;
> > R2:=(PP-S1)+R1;
> > S2:=PP-(R1-S1);
> > R2;
> > R1;
> > S1;
> > ---------------------
> >
> > name= Pivot Point (weekly)
> >
> > {Weekly Pivot Point Projection 8/4/99}
> > Dw:=If(DayOfWeek()<=Ref(DayOfWeek(),-1),1,0);
> > {Weekly Typical Price}
> > PP1:=If(Dw=1,
> > {then}(Ref(HighestSince(1,Dw=1,H),-1)+
> > Ref(LowestSince(1,Dw=1,L),-1) +
> > Ref(C,-1))/3,
> > {else}0);
> > {Weekly High}
> > Wh1:=If(Dw=1,
> > {then}Ref(HighestSince(1,Dw=1,H),-1),
> > {else}0);
> > {Weekly Low}
> > Wl1:=If(Dw=1,
> > {then}Ref(LowestSince(1,Dw=1,L),-1),
> > {else}0);
> > Wh:=ValueWhen(1,Wh1>0,Wh1);
> > Wl:=ValueWhen(1,Wl1>0,Wl1);
> > PP:=ValueWhen(1,PP1>0,PP1);
> > {Resistance 1}
> > R1:=(2*PP)-Wl;
> > {Support 1}
> > S1:=(2*PP)-Wh;
> > {Resistance 2}
> > R2:=(PP-S1)+R1;
> > {Support 2}
> > S2:=PP-(R1-S1);
> > R2;
> > R1;
> > S1;
> > S2;
> > ------------------------------------
> > name= Pivot Point (Monthly)
> >
> > {Monthly Pivot Point 8/08/99}
> > {First Day Of Month}
> > Fm:=If(DayOfMonth()<Ref(DayOfMonth(),-1),
> > {then}1,
> > {else}0);
> > {Monthy Pivot Point}
> > PP1:=If(Fm=1,
> > {then}(Ref(HighestSince(1,Fm=1,H),-1)+
> > Ref(LowestSince(1,Fm=1,L),-1) +
> > Ref(C,-1))/3,
> > {else}0);
> > {Monthly High}
> > Mh1:=If(Fm=1,
> > {then}Ref(HighestSince(1,Fm=1,H),-1),
> > {else}0);
> > {Monthly Low}
> > Ml1:=If(Fm=1,
> > {then}Ref(LowestSince(1,Fm=1,L),-1),
> > {else}0);
> > Mh:=ValueWhen(1,Mh1>0,Mh1);
> > Ml:=ValueWhen(1,Ml1>0,Ml1);
> > PP:=ValueWhen(1,PP1>0,PP1);
> > {Resistance 1}
> > R1:=(2*PP)-Ml;
> > {Support 1}
> > S1:=(2*PP)-Mh;
> > {Resistance 2}
> > R2:=(PP-S1)+R1;
> > {Support 2}
> > S2:=PP-(R1-S1);
> > R2;
> > R1;
> > S1;
> > S2;
> > --------------
> >
> >
> > ----- Original Message -----
> > From: Ian Harvey
> > To: metastock@xxxxxxxxxxxxx
> > Sent: Wednesday, June 14, 2000 5:49 AM
> > Subject: Re: (Market) US bonds
> >
> >
> > Hi List,
> >
> > I am new to the list, watching with interest over the past couple of
weeks.
> >
> > I'm apologise in advance if this has been discussed previously, but I
notice Adam's chart
> below has 'dots' attached to the bar line. It reminds me of the Pivot
Point trading method that
> was around a few years ago, mainly down on the floor in Chicago.
> >
> > If it is so, does anyone have the indicator and system tester for the
Pivot Point?
> >
> > Many thanks, and my thanks to the main contributors of this list
Walter, Ton, Steve,
> Thomas, etc). You certainly give us plenty to think about!
> >
> > Ian.
> >
> > ----- Original Message -----
> > From: Adam Hefner
> > To: metastock@xxxxxxxxxxxxx
> > Sent: Wednesday, 14 June 2000 13:00
> > Subject: (Market) US bonds
> >
> >
> > Looks like a good position to place a short in the bond market.
> > The Days action entered into congestion and we are at the
> > projected monthly high levels (yellow dots). MIT short around
> > 97-97.1 should be a good spot. I may be wrong!
> >
> > AH
> >
> >
> >
> >
>
>
> >** --------- End Original Message ----------- **
>
> >
>
>
>
>
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