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I have received many questions regarding the methods and formulas that
I use in creating my daily T-Bond Day Trading reports.
I am currently in the process of creating a guide to these methods,
and I hope to have it completed next week. The guide should answer
most of your questions and give you the footing to make similar types
of analysis on your own.
If you have not yet requested to be put on the distribution list,
please contact me directly. I think in many instances it has helped
deliver this report a little more promptly.
Bob Hunt
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Joe Zelwietro wrote:
>
> Hello Bob:
>
> Your continuing bond posts have been educational and have taken some of the
> mystery out of bond movements for me. Thanks.
>
> I have a simple question re: pivot points. I have compared the way I
> calculate pivots and find that they don't quite match yours. It could be
> because you include night trading and I don't, or perhaps its because you
> calculate the pivot points differently.
>
> Here's how I calculate them:
>
> The calculation for the new day are calculated from the High (H), low (L)
> and close (C) of the previous day.
>
> •Pivot point = P = (H + L + C)/3
>
> •First area of resistance = R1 = 2P - L
> •First area of support = S1 = 2P - H
> •Second area of resistance = R2 = (P -S1) + R1
> •Second area of support = S2 = P - (R2 - S1)
>
> I know you also use a third level and assumed that you made an extra step:
> i.e.[R3=(R1-S1) + R2], but you know what happens when ones assumes :-)
>
> Appreciatively,
>
> Joe Zelwietro
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