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Pivot trades



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<DIV><FONT color=#000000 size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT 
color=#000000>Hi RT's,</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT color=#000000></FONT></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2><FONT 
color=#000000>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I have heard that floor 
traders primarily use pivots to trade with since they are simple to calculate 
and can be carried into battle on a 3x5 card.</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT color=#000000></FONT></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2><FONT 
color=#000000>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Some time ago I 
acquired a pivot calculating program off the net.&nbsp; Recently I had some time 
to play with it and was quite startled with the accuracy which it calculated the 
day's support/resistance.&nbsp; It was a shareware freebie (DOS) with almost no 
documentation.&nbsp; Just a black box that you enter the days high, low, &amp; 
close.&nbsp; It calculates R2, R1, pivot, S1, S2 and something called Mom. 
Oscillator (what ever that is).&nbsp; I have been using the drawing tool in my 
charting program to place support, resistance and pivot lines on charts (very 
cumbersome) and combining them with a EMA cross to determine the 
trend.</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT color=#000000></FONT></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2><FONT 
color=#000000>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Can someone please give 
me the formula to calculate them?&nbsp; Can they be programmed using MetaStock 
language?&nbsp; Also what is &quot;Mom. Oscillator&quot; (no not Monica's 
Oscillator).&nbsp; Any strategies or systems using pivots, that anyone can share 
would also be appreciated.&nbsp; Thanks in advance.</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT color=#000000></FONT></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2><FONT 
color=#000000>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
Good luck and good trading,</FONT></FONT></DIV>
<DIV><FONT color=#000000 size=2><FONT 
color=#000000>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
Ray Raffurty</FONT></FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sat Mar 20 05:59:12 1999
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Date: Fri, 19 Mar 1999 20:52:08 -0600
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From: Joe Frabosilio <joe6964@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Pivot trades
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Hi Ray,

This formula is from Bridge News:

Pivot Point (P) = (H+L+C) / 3
R1= (2 * P) - L
S1= (2 *P) - H
R2= P + (R1 - S1)
S2 = P - (R1 - S1)

Momentum Osc:

(H - O) + (C - L)
------------------     =    Momentum Oscillator %
2 *(H - L)

Neal T. Weintraub, wrote Tricks of the Floor Trader, his formula is a
little different. Check your local library for the book.

Yes, you can program this into Metastock program.

TradeWell,
Joe Frabosilio


RAY RAFFURTY wrote:

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