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PIVOT POINTS;standard,demark,fibonacci (PPSDF)

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Moderator: nlightn Assistants: cnvegas
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Last Post: 12/2/2016 8:32:10 PM - Followers: 21 - 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
#1463   Bad debt becomes even more bad debt. Morons. cnvegas 12/02/16 08:32:09 PM
#1462   Good Morning nlightn, cnvegas 11/25/16 09:18:29 AM
#1461   Inside a Secret Moneymaking Machine Like No Other nlightn 11/21/16 08:25:45 AM
#1460   good read !!! its always beneficial to review nlightn 11/21/16 08:00:54 AM
#1459   Start out your week right. Know your enemy. cnvegas 11/20/16 06:37:21 PM
#1458   ah,..the Valent story,....fraud, manipulation,... nlightn 11/18/16 07:37:43 AM
#1457   one of the FANGT's starting to unravel,...FB,... nlightn 11/17/16 08:28:55 AM
#1456   Another view. cnvegas 11/16/16 07:44:45 PM
#1455   Another shot cnvegas 11/16/16 05:32:12 PM
#1454   TREE,...it's going to get nasty...technical/chart wise,.... nlightn 11/16/16 03:43:42 PM
#1453   i think the combination of using the Bradley nlightn 11/16/16 09:37:49 AM
#1452   Those swings are a bit different than Bradley cnvegas 11/16/16 09:04:42 AM
#1451   Good Morning to you. Looking a little red cnvegas 11/16/16 09:00:57 AM
#1450   Martin Armstrongs ECM Model,... nlightn 11/16/16 07:43:19 AM
#1449   lets see how these corporation beomouths hold up nlightn 11/16/16 07:15:36 AM
#1448   g'morning vegas,...top of the morning ! bow's your nlightn 11/16/16 07:05:26 AM
#1447   FANGT-2 cnvegas 11/15/16 06:57:18 PM
#1446   FANGT, cnvegas 11/15/16 06:52:23 PM
#1445   Good morning nlightn, cnvegas 11/15/16 10:49:07 AM
#1444   No, right now I'm just reading it as cnvegas 11/14/16 01:44:12 PM
#1443   vegas, did you buy that advanced astro indicator dotnet 11/14/16 01:38:38 PM
#1442   that small turn around nov 8 th was dotnet 11/14/16 01:11:21 PM
#1441   Always watch the Bradley cnvegas 11/14/16 01:07:21 PM
#1440   very good article. dotnet 11/14/16 10:58:23 AM
#1439   On the call side. cnvegas 11/12/16 09:28:21 PM
#1438   Like I said to you in the PM. cnvegas 11/12/16 09:07:58 PM
#1437   hey there vegas,..just got in from my looong day. nlightn 11/12/16 07:31:17 PM
#1436   ..nlightn, just a follow up our One trade cnvegas 11/12/16 11:54:00 AM
#1435   thats why i really rely on more individuals nlightn 11/12/16 07:11:10 AM
#1434   An even better Article... cnvegas 11/11/16 10:27:15 PM
#1433   The problem here is History and the party cnvegas 11/11/16 10:18:46 PM
#1432   SELF ACTUALIZATION is a difficult pill to swallow nlightn 11/11/16 06:24:59 PM
#1431   Gartman is such a fence sitter. i'm bullish,...no, nlightn 11/11/16 07:41:01 AM
#1430   g'morning. yea,..i thought you'd appreciate that article. some nlightn 11/11/16 07:34:51 AM
#1429   Some important thoughts on things gone by. cnvegas 11/11/16 06:05:27 AM
#1428   When this guy speaks, listen or laugh. cnvegas 11/11/16 05:39:23 AM
#1427   Looks like the establishment wasn't going to allow cnvegas 11/11/16 05:38:29 AM
#1426   Great read nlightn, thanks. Many side thoughts from cnvegas 11/11/16 05:35:14 AM
#1425   Good morning nlightn and all Pivot Point traders. cnvegas 11/11/16 05:32:27 AM
#1424   dotnet, see big boys don't want fights with cnvegas 11/11/16 02:48:06 AM
#1423   FWIW,...HFT Legend Exits The Business: "It's Harder To nlightn 11/10/16 10:06:50 PM
#1422   it's going to take a while till the nlightn 11/10/16 11:24:37 AM
#1421   Agreed. Might be a popper Fri. cnvegas 11/10/16 11:02:12 AM
#1420   vegas, i think amzn is falling because of dotnet 11/10/16 10:55:26 AM
#1419   Buy Algo Bots coming in here. No way cnvegas 11/10/16 10:44:40 AM
#1418   Holy Baloney, AMZN hits a low of cnvegas 11/10/16 10:37:34 AM
#1417   Morning nlightn, cnvegas 11/10/16 09:56:46 AM
#1416   g'morning to ya vegas,... and all pivot point nlightn 11/10/16 07:00:01 AM
#1415   it's gonna get interesting. granted either he (Trump) nlightn 11/09/16 02:38:04 PM
#1414   You've been hiding this one on me. lol cnvegas 11/09/16 02:26:27 PM
PostSubject