SureTrader SureTrader
Home > Boards > Free Zone > User's Groups >

PIVOT POINTS;standard,demark,fibonacci (PPSDF)

PPSDF RSS Feed
      Hide Sticky   Hide Intro
Moderator: nlightn Assistants: cnvegas
Search This Board:
Last Post: 9/26/2016 4:04:16 PM - Followers: 15 - Board type: Free - Posts Today: 8
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.

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

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
PostSubject
#1188   I would definitely sell at $45 on earnings DTGoody 09/26/16 04:04:16 PM
#1187   Don't you just love it man? Everybody's been cnvegas 09/26/16 03:29:19 PM
#1186   Hear some other voices.. cnvegas 09/26/16 11:48:43 AM
#1185   A short squeeze after earnings would send this cnvegas 09/26/16 11:27:42 AM
#1184   I've Been thinking a lot about it actually. DTGoody 09/26/16 11:11:45 AM
#1183   Goody, have you ever given and thought of cnvegas 09/26/16 10:48:04 AM
#1182   Just keep getting better for TWTR.. cnvegas 09/26/16 06:05:15 AM
#1181   Good morning nlightn and all pivot point traders. cnvegas 09/26/16 05:56:49 AM
#1180   TWTR alert! Someone see's what I see with cnvegas 09/25/16 09:30:52 PM
#1179   On May 23rd TWTR was $13.73. Now SEPT cnvegas 09/23/16 08:07:43 PM
#1178   Wow, Awesome play my friend. Looks like GPRO DTGoody 09/23/16 08:05:17 PM
#1177   Goody, Tune them out. I bought way out cnvegas 09/23/16 07:48:43 PM
#1176   Thanks for your thoughts going to hold on restripe 09/23/16 06:22:49 PM
#1175   TWTR looks fantastic today. I just keep hearing DTGoody 09/23/16 03:48:10 PM
#1174   Hey Goody. Wonder what's going to happen with cnvegas 09/23/16 03:25:30 PM
#1173   Good Afternoon Vegas! TWTR is looking very interesting! DTGoody 09/23/16 02:10:48 PM
#1172   Yeah, sit tight and wait. cnvegas 09/23/16 01:32:17 PM
#1171   Any thoughts on Twitter restripe 09/23/16 11:35:37 AM
#1170   They are crushing the shorts..Algo Bot's all cnvegas 09/21/16 03:43:20 PM
#1169   Afternoon Kicker... cnvegas 09/21/16 03:06:35 PM
#1168   How you doing? I really don't trade on cnvegas 09/21/16 02:39:34 PM
#1167   Welcome back :). What is your Goodtimes93 09/21/16 01:46:37 PM
#1166   still alive and kicking here. cnvegas 09/21/16 12:46:27 PM
#1165   I put it there to see if you cnvegas 09/15/16 08:49:07 AM
#1164   this is a far better more comprehensive analysis nlightn 09/15/16 08:45:06 AM
#1163   i can't figure out the reason for the nlightn 09/15/16 07:53:29 AM
#1162   hey there vegas,..a g'morning to ya ! nlightn 09/15/16 07:46:25 AM
#1161   Following on your thoughts nlightn... cnvegas 09/15/16 06:06:03 AM
#1160   Good morning nlightn and all PP traders. Top cnvegas 09/15/16 05:14:47 AM
#1159   Same thing I was thinking nlightn. Thinking volatile hardhittad22 09/14/16 05:35:48 PM
#1158   g'morning vegas,....was'sup ? nlightn 09/14/16 08:28:47 AM
#1157   Good morning nlightn and all Pivot Point traders. cnvegas 09/14/16 05:23:23 AM
#1156   Thanks nlightn, cnvegas 09/13/16 09:41:28 PM
#1155   18,000 is the set point for the Dow,...crossing nlightn 09/13/16 01:13:46 PM
#1154   well you are still making a nice profit nlightn 09/13/16 12:08:08 PM
#1153   Made some call buys. I had on my cnvegas 09/13/16 11:05:29 AM
#1152   Still don't have it totally under thumb... cnvegas 09/13/16 11:01:12 AM
#1151   cool,...thumbs up ^ nlightn 09/13/16 10:51:35 AM
#1150   I'm loving manipulated market day. Using JY to cnvegas 09/13/16 10:48:33 AM
#1149   hey there vegas. yepper,..another BS manipulated market day. nlightn 09/13/16 09:58:39 AM
#1148   Good morning dotnet. Sorry for the delay. cnvegas 09/13/16 06:11:13 AM
#1147   Good Morning nlightn and all PP traders. Top cnvegas 09/13/16 05:50:46 AM
#1146   good morning vegas. question for u. jeff says dotnet 09/12/16 11:53:15 AM
#1145   Good Morning nlightn and all PP traders. Top cnvegas 09/12/16 10:12:01 AM
#1144   AAPL and the EU,...there is now talk that nlightn 09/03/16 07:38:28 AM
#1143   Alot of the charts I'm looking at have hardhittad22 09/03/16 12:15:09 AM
#1142   For what HH? I'm in some spy puts cnvegas 09/02/16 08:47:24 PM
#1141   Thinking puts on Tuesday hardhittad22 09/02/16 07:04:42 PM
#1140   Good Morning to all Pivot Point traders. Well cnvegas 09/02/16 05:41:06 AM
#1139   based on this chart,... nlightn 09/01/16 03:22:50 PM
PostSubject