The SPX moved sharply lower right out of the gate this
morning...unless it can regain the primary pivot (and hold above),
I will favor more downside. If short, you must decide if you
wish to take some profits intraday...trade your plan in accordance
with your objectives
dvandenbord...you should have this information readily available
if trading. I also include a chart in each newsletter showing
the intraday pivots. Today the PP is at 1992.25.
Posted by dvandenbord on 25th of Sep 2014 at 10:13 am
yes, from chart 22 last night...can u point me to a video that
tells how you come up with these numbers each night (kinda new to
how u do things, i'm more of a Wm Oneil type trader)
Click on link and scroll down to daily pivots. Click on
headers--Classic, Woody, etc to get formula for pivot calculations.
Also note that different providers show slightly different pivot
numbers. This appears to result from providers using different
closing quotes.
Thanks for sharing mikesm...one must be aware that there are
several different pivots calculated. I focus on the floor
trader pivots. Use whatever works.
The SPX moved sharply lower
Posted by steve on 25th of Sep 2014 at 10:01 am
The SPX moved sharply lower right out of the gate this morning...unless it can regain the primary pivot (and hold above), I will favor more downside. If short, you must decide if you wish to take some profits intraday...trade your plan in accordance with your objectives
what is the primary pivot?
Posted by dvandenbord on 25th of Sep 2014 at 10:03 am
what is the primary pivot?
dvandenbord...you should have this information
Posted by steve on 25th of Sep 2014 at 10:06 am
dvandenbord...you should have this information readily available if trading. I also include a chart in each newsletter showing the intraday pivots. Today the PP is at 1992.25.
yes, from chart 22 last
Posted by dvandenbord on 25th of Sep 2014 at 10:13 am
yes, from chart 22 last night...can u point me to a video that tells how you come up with these numbers each night (kinda new to how u do things, i'm more of a Wm Oneil type trader)
Pivots
Posted by mikesm on 25th of Sep 2014 at 11:12 am
Dvandenbord
Click on link and scroll down to daily pivots. Click on headers--Classic, Woody, etc to get formula for pivot calculations. Also note that different providers show slightly different pivot numbers. This appears to result from providers using different closing quotes.
Pivot definitions
THANKS mikesm
Posted by dvandenbord on 25th of Sep 2014 at 11:27 am
Thanks for sharing mikesm...one must
Posted by steve on 25th of Sep 2014 at 11:18 am
Thanks for sharing mikesm...one must be aware that there are several different pivots calculated. I focus on the floor trader pivots. Use whatever works.
The intraday pivots are calculated
Posted by steve on 25th of Sep 2014 at 10:16 am
The intraday pivots are calculated each evening by the quote providers (and shown on the charts).
S&P Primary Piv = 1992.25
Posted by dvandenbord on 25th of Sep 2014 at 11:42 am
...is the "classic" pivot...yesterday's (HIGH + LOW + CLOSE) / 3