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PIVOT POINTS;standard,demark,fibonacci (PPSDF)

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Moderator: nlightn Assistants: cnvegas
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Last Post: 1/18/2017 8:38:26 PM - Followers: 20 - Board type: Free - Posts Today: 0

the forum is for the study of the various Pivot Points and their accuracy for entry's and exits of a trade (stock or option). standard, camellia, demark, fibonacci pivots are focused on along with other technical indicators that confirm the pivot point price area.

right up front Disclaimer: the forum is not for prompting any stocks. any mention of 'buy this stock' or 'buy that stock' will be immediately deleted. three or more deletions from the same individual will get them removed from the forum. additionally penny stocks and pinks are not welcome.

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Introduction

Pivots Points are significant levels chartists can use to determine directional movement, support and resistance. Pivot Points use the prior period's high, low and close to formulate future support and resistance. In this regard, Pivot Points are predictive or leading indicators. There are at least five different versions of Pivot Points. This article will focus on Standard Pivot Points, Demark Pivot Points and Fibonacci Pivot Points.

Pivot Points were originally used by floor traders to set key levels. Floor traders are the original day traders. They deal in a very fast moving environment with a short-term focus. At the beginning of the trading day, floor traders would look at the previous day's high, low and close to calculate a Pivot Point for the current trading day. With this Pivot Point as the base, further calculations were used to set support 1, support 2, resistance 1 and resistance 2. These levels would then be used to assist their trading throughout the day.

Time Frames

Pivot Points for 1, 5, 10 and 15 minute charts use the prior day's high, low and close. In other words, Pivot Points for today's intraday charts would be based solely on yesterday's high, low and close. Once Pivot Points are set, they do not change and remain in play throughout the day.



Pivot Points for 30 and 60 minute charts use the prior week's high, low and close. These calculations are based on calendar weeks. Once the week starts, the Pivot Points for 30 and 60 minute charts remain fixed for the entire week. They do not change until the week ends and new Pivots can be calculated.



Pivot Points for daily charts use the prior month's data. Pivot Points for June 1st would be based on the high, low and close for May. They remain fixed the entire month of June. New Pivot Points would be calculated on the first trading day of July. These would be based on the high, low and close for June.



Standard Pivot Points

Standard Pivot Points begin with a base Pivot Point. This is a simple average of the high, low and close. The middle Pivot Point is shown as a solid line between the support and resistance pivots. Keep in mind that the high, low and close are all from the prior period.


Pivot Point (P) = (High + Low + Close)/3

Support 1 (S1) = (P x 2) - High

Support 2 (S2) = P - (High - Low)

Resistance 1 (R1) = (P x 2) - Low

Resistance 2 (R2) = P + (High - Low)

The chart below shows the Nasdaq 100 ETF (QQQ) with Standard Pivot points on a 15 minute chart. At the start of trading on June 9th, the Pivot Point is in the middle, the resistance levels are above and the support levels are below. These levels remain constant throughout the day.



Fibonacci Pivot Points

Fibonacci Pivot Points start just the same as Standard Pivot Points. From the base Pivot Point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels.


Pivot Point (P) = (High + Low + Close)/3

Support 1 (S1) = P - {.382 * (High - Low)}

Support 2 (S2) = P - {.618 * (High - Low)}

Support 3 (S3) = P - {1 * (High - Low)}

Resistance 1 (R1) = P + {.382 * (High - Low)}

Resistance 2 (R2) = P + {.618 * (High - Low)}

Resistance 3 (R3) = P + {1 * (High - Low)}

The chart below shows the Dow Industrials SPDR (DIA) with Fibonacci Pivot Points on a 15 minute chart. R1 and S1 are based on 38.2%. R2 and S2 are based on 61.8%. R3 and S3 are based on 100%.



Demark Pivot Points

Demark Pivot Points start with a different base and use different formulas for support and resistance. These Pivot Points are conditional on the relationship between the close and the open.


If Close < Open, then X = High + (2 x Low) + Close

If Close > Open, then X = (2 x High) + Low + Close

If Close = Open, then X = High + Low + (2 x Close)

Pivot Point (P) = X/4

Support 1 (S1) = X/2 - High

Resistance 1 (R1) = X/2 - Low

The chart below shows the Russell 2000 ETF (IWM) with Demark Pivot Points on a 15 minute chart. Notice that there is only one resistance (R1) and one support (S1). Demark Pivot Points do not have multiple support or resistance levels.



for continued study and information;

http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:pivot_points

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


How to Exploit High Frequency Traders
https://www.youtube.com/watch?v=xAON1J8yI2g

Stock Market Indicators Explained
http://technitrader.com/stock-indicators-explained-video/

How To Profit During Trading Range Market Conditions
http://www.traderplanet.com/articles/view/169770-how-to-profit-during-trading-range-market-conditions/

Introduction to Relational Analysis - Martha Stokes C.M.T.
http://www.traderplanet.com/articles/view/169770-how-to-profit-during-trading-range-market-conditions/

Hybrid Indicators
https://www.youtube.com/results?search_query=Hybrid+Indicators&spfreload=1

Beginners Trading
http://technitrader.com/beginners/

High Frequency Trading

Presented by Martha Stokes, C.M.T.

How To Exploit HFT's
https://www.youtube.com/watch?v=2zZfXvF1YzQ

Ride the Velocity Express of High Frequency Trading Action
https://www.youtube.com/watch?v=J2nT5bSW4zo

Martha Stokes High Performance Trading Simplified
https://www.youtube.com/watch?v=HXVUQnKPC2w

Introduction to Relational Analysis
https://www.youtube.com/watch?v=SebbDn5FAW0

Dark Pool Information

Balance of Power Indicator (BOP)

Explanation of BOP
http://www.tc2000.com/Help/Content/TC2000NEW/Indicators/Balance%20of%20Power%20%28BOP%29.htm

http://www.marketvolume.com/technicalanalysis/balanceofpower.asp

Track the Dark Pools

http://www.traderplanet.com/articles/view/167551-track-the-dark-pools-with-the-balance-of-power-bop-indicator/

How To Interpret The Balance Of Power Stock Indicator

http://technitrader.com/how-to-interpret-the-balance-of-power-stock-indicator/

Multiple Videos on Dark Pools, HFT's, BOP, etc

http://www.wordenvideolibrary.com/video/item=Balance%20of%20Power
 
Deep Market INNER Information

The Evolution of Professional Institutional Trading
https://www.youtube.com/watch?v=Rl_hMZZqZ74

The Institutional Trading Day
https://www.youtube.com/watch?v=5eCuM4wMhZk&feature=youtu.be

How To Identify Quick Momentum Moves In Any Market -- Before They Happen!
https://www.youtube.com/watch?v=0F42RXIiHvw

HFT links

What Institutional Traders Know That Small Traders Don’t
https://www.youtube.com/watch?v=Z-mcIreun2M

Stay Out of HFT Traps
https://www.youtube.com/watch?v=ISTzbjBShWs

Following High Frequency Trades
https://www.youtube.com/watch?v=lTVElwNPseI


Following HFTs Part 2 (Live Trading)
https://www.youtube.com/watch?v=Hjk1u4fRX1Q
 
PostSubject
#1571   NFLX is at a very loftily level tonight. cnvegas 01/18/17 08:38:26 PM
#1570   I looked at the Bradley (chart) for 2017. cnvegas 01/18/17 11:39:38 AM
#1569   hi vegas. how did you determine 8 days. dotnet 01/18/17 11:19:25 AM
#1568   Good Morning nlightn, Top of the morning to you. cnvegas 01/18/17 05:36:06 AM
#1567   Good morning to you nlightn, cnvegas 01/17/17 09:16:43 AM
#1566   g'morning vegas. hope your day is starting out nlightn 01/17/17 08:28:21 AM
#1565   Could be very ugly in the morning. Future cnvegas 01/16/17 07:23:53 PM
#1564   GO big C cnvegas 01/14/17 07:06:12 PM
#1563   Most Anticipated Releases for the Week Beginning January nlightn 01/14/17 05:34:28 PM
#1562   Well Pivot point traders next week will be cnvegas 01/13/17 06:28:24 PM
#1561   thanks vegas for the post. will check it out. dotnet 01/13/17 11:38:50 AM
#1560   All of these are for next week. Unless cnvegas 01/13/17 11:20:48 AM
#1559   Yes this morning. Maybe we rally into the cnvegas 01/13/17 11:10:03 AM
#1558   a g'morning to you vegas ! vroom, vroom. nlightn 01/13/17 10:28:02 AM
#1557   schweeetttt trade,...profit$ are profit$. once your exploration mode nlightn 01/13/17 07:41:26 AM
#1556   sorry chart didn't come through cnvegas 01/13/17 05:38:38 AM
#1555   That BABA trade called in the chat room. cnvegas 01/13/17 05:36:58 AM
#1554   Good Morning Pivot Point traders. Top of the cnvegas 01/13/17 05:13:50 AM
#1553   I am watching this blog. very good analysis. dotnet 01/12/17 01:50:57 PM
#1552   yep,...take the profits when the markets give it. nlightn 01/12/17 10:42:54 AM
#1551   I find I make more winning trades in cnvegas 01/12/17 10:25:14 AM
#1550   I followed the daily chart and i was dotnet 01/12/17 10:16:41 AM
#1549   Morning to you nlightn. Just bottom feeding. For cnvegas 01/12/17 09:48:16 AM
#1548   g'morning dotnet...good fortune to you on those SPY nlightn 01/12/17 08:40:12 AM
#1547   top of the morning to you vegas ! nlightn 01/12/17 08:39:14 AM
#1546   dotnet, I hear you. Some of the trades cnvegas 01/11/17 07:20:59 PM
#1545   nice.i did not take gains on spy puts dotnet 01/11/17 04:36:12 PM
#1544   Today from TD, me cnvegas 01/11/17 11:46:29 AM
#1543   Good Morning nlightn. Took profits in some over cnvegas 01/11/17 10:58:43 AM
#1542   I'm short a lot now. To me market cnvegas 01/11/17 10:56:48 AM
#1541   vegas.next turn date long terms january 18. exactly dotnet 01/11/17 10:11:34 AM
#1540   g'morning vegas ! top of the morning to nlightn 01/11/17 08:36:01 AM
#1539   i was doing some research and stumbled across,.... nlightn 01/10/17 09:13:25 AM
#1538   ok,..got it. lets see if the Trump admin nlightn 01/10/17 09:09:39 AM
#1537   I have read in places that the people cnvegas 01/10/17 09:01:56 AM
#1536   elaborate please,...Trump=Gold bugs,...what are you seeing ? nlightn 01/10/17 08:47:59 AM
#1535   Trump=Gold bugs cnvegas 01/10/17 08:38:59 AM
#1534   g'morning vegas. yep,..TAHO looking good ! and,..AUY looking nlightn 01/10/17 07:59:08 AM
#1533   TAHO basing cnvegas 01/09/17 10:41:58 AM
#1532   watching for the pinch at the bottom of cnvegas 01/09/17 10:01:05 AM
#1531   TAHO,..technically it looks like its ready to bounce nlightn 01/09/17 09:52:58 AM
#1530   Took a small stake in TAHO. Something's up here. cnvegas 01/09/17 09:38:33 AM
#1529   ABEO was described as a Ira position. cnvegas 01/09/17 09:27:40 AM
#1528   good fortune on you UUP position. regarding ABEO nlightn 01/09/17 09:11:28 AM
#1527   Sorry that's ABEO cnvegas 01/09/17 08:54:01 AM
#1526   Back at you nlightn. I hope we tank cnvegas 01/09/17 08:52:49 AM
#1525   g'morning vegas....top of the morning to you ! nlightn 01/09/17 08:17:29 AM
#1524   Yeah and where he goes money follows. There cnvegas 01/07/17 09:47:56 PM
#1523   interesting,..will have to lean in. nlightn 01/07/17 09:14:47 PM
#1522   TWJ also shared this in the chat room cnvegas 01/07/17 08:07:28 PM
PostSubject