|
PureBytes Links
Trading Reference Links
|
Don Thompson,
I noticed from your pivot table that you use the day session only data
to calculate your pivots. I've always used data from day AND night
sessions in calculating mine. I've compared the two methods and have
found (at least in the bond market) that levels calculated using all
sessions data seem to have greater significance in forming support and
resistance levels. Granted, I haven't done any rigid studies, merely
casual observations. But, I was wondering if you had any specific
reasons for using day only data as opposed to all sessions data?
Also, an alternate way of calculating the initial pivot is to
incorporate the current day's open - (Yesterday's Hi + Yesterday's Low
+ Yesterday's Close + Today's Open)/4 I haven't done much work
with this, but I was wondering if you might have, and had noticed any
differences in their effectiveness?
Bill Eykyn - I know you use these levels in trading bonds. I'd be
interested in hearing how you calculate them.
Another little tidbit: I always track the 3 day average of the daily
pivot as well. That level can often act as significant support or
resistance at times.
Bob Hunt
|