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PIVOT POINTS;standard,demark,fibonacci (PPSDF)

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Moderator: nlightn Assistants: cnvegas
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Last Post: 2/16/2017 9:45:22 AM - 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

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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
#1627   vegas. forgot this. yes normal commissions. if you dotnet 02/16/17 09:45:22 AM
#1626   WIX.. Falls like a stone next week. cnvegas 02/15/17 01:29:05 PM
#1625   Thanks. Are you being charged the normal commission cnvegas 02/13/17 03:14:25 PM
#1624   i have td and optionshouse. i use td dotnet 02/13/17 03:08:48 PM
#1623   dotnet who do you use as a broker? cnvegas 02/13/17 02:19:19 PM
#1622   Out of the puts for a B/E. Fast cnvegas 02/13/17 10:16:14 AM
#1621   a good fortune to you on UBNT puts ! nlightn 02/13/17 10:11:08 AM
#1620   bought some puts cnvegas 02/13/17 09:56:44 AM
#1619   UBNT up in pre/mkt,...lets see if they let nlightn 02/13/17 09:31:32 AM
#1618   HD next week after ERS on Tuesday. cnvegas 02/13/17 09:24:57 AM
#1617   Well with that in mind I see some cnvegas 02/13/17 09:16:49 AM
#1616   vegas,good morning.please do post your picks to see dotnet 02/13/17 09:03:08 AM
#1615   g'morning vegas,..top of the day to you ! nlightn 02/13/17 08:35:19 AM
#1614   Good morning nlightn and all PP traders. cnvegas 02/13/17 05:49:51 AM
#1613   HOG looking like a great trade for this cnvegas 02/12/17 07:57:39 PM
#1612   I had 4 Feb 17th $60 puts @1.75 cnvegas 02/10/17 09:56:32 AM
#1611   ubnt. wow. killer play. dotnet 02/10/17 09:48:38 AM
#1610   Have some more of these lined up for cnvegas 02/10/17 08:45:30 AM
#1609   nice trade vegas,...UBNT down 7% in aft/mkt and nlightn 02/10/17 07:47:17 AM
#1608   dotnet, Oil is smoking this AM in the cnvegas 02/10/17 04:42:24 AM
#1607   dotnet...tomorrow...HAL......check it out, Put play for the brave cnvegas 02/09/17 07:11:34 PM
#1606   I have found a few good "rollers" that cnvegas 02/09/17 05:11:27 PM
#1605   Bought puts at the circle cnvegas 02/09/17 04:38:55 PM
#1604   The call was in the Volume profile cnvegas 02/09/17 04:29:11 PM
#1603   vegas, i was wondering what tickers in different dotnet 02/09/17 04:28:18 PM
#1602   UBNT tanks on earnings. cnvegas 02/09/17 04:10:42 PM
#1601   TLT down a point it PM cnvegas 02/09/17 09:26:00 AM
#1600   C is a squeeze in PM. tons of activity. cnvegas 02/09/17 09:24:44 AM
#1599   G'MORNING ! the markets are sooooo confused. if nlightn 02/09/17 07:35:58 AM
#1598   looks like it's holding on the pivot point cnvegas 02/08/17 02:02:41 PM
#1597   hey there vegas,...sorry i missed your post. i nlightn 02/08/17 01:21:51 PM
#1596   Now well above the 30 min opening range. cnvegas 02/08/17 10:40:35 AM
#1595   Good Morning nlightn. we're looking good so far. cnvegas 02/08/17 10:31:12 AM
#1594   some trade ideas,..find the companies affected and play nlightn 02/07/17 08:28:07 AM
#1593   charts don't lie,...well,... nlightn 02/06/17 01:38:11 PM
#1592   You know after a while here you have cnvegas 01/27/17 10:14:45 AM
#1591   yep,...i think so. its going to take a nlightn 01/27/17 10:03:06 AM
#1590   At this point it may be a hold cnvegas 01/27/17 10:00:19 AM
#1589   BABA,..pivot point $98.27,...some weakening is in the charts. nlightn 01/27/17 09:42:47 AM
#1588   BABA to $101.49 today? :-) cnvegas 01/26/17 11:07:03 AM
#1587   Two rejections of Dow to break opening 30 cnvegas 01/26/17 10:43:22 AM
#1586   Dow is the only thing here keeping things up. cnvegas 01/26/17 10:40:22 AM
#1585   spy,at weekly R3 pivot. iwm at weekly R2. dotnet 01/26/17 10:33:51 AM
#1584   Comp red. Dow sliding cnvegas 01/26/17 10:25:28 AM
#1583   Is today the day they take it away? cnvegas 01/26/17 09:47:18 AM
#1582   High $104. Maybe $105 'ish. cnvegas 01/24/17 09:19:12 AM
#1581   If two day old Pivots are any kind cnvegas 01/24/17 08:36:56 AM
#1580   Good Morning all... cnvegas 01/24/17 08:31:04 AM
#1579   g'morning MacFly. yep,....its already set in motion. we nlightn 01/24/17 07:33:57 AM
#1578   Interesting observations guys. MacFly 01/23/17 01:54:43 PM
PostSubject