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PIVOT POINTS;standard,demark,fibonacci (PPSDF)

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Moderator: nlightn Assistants: cnvegas
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Last Post: 6/15/2017 5:48:31 AM - Followers: 19 - 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
#1656   And the tumble begins. Nice trade on TSLA cnvegas 06/15/17 05:48:31 AM
#1655   If you are talking Bradley, it's a very cnvegas 06/15/17 05:40:15 AM
#1654   How did the last one work out restripe 06/14/17 11:16:33 PM
#1653   new Bradley Vid cnvegas 06/14/17 04:53:12 AM
#1652   Worked your IWM theme today. Thanks for the cnvegas 05/31/17 04:55:53 PM
#1651   been playing with a 5ema, 15ema and fib nlightn 05/17/17 08:28:07 AM
#1650   working with IWM also: cnvegas 05/15/17 08:03:36 PM
#1649   ALGN and I are having fun together again. cnvegas 05/15/17 07:34:47 PM
#1648   Lloyd, The trade that I escaped on. cnvegas 05/12/17 10:16:02 PM
#1647   Master Card is working the PP's I'm working MA cnvegas 05/02/17 04:36:46 PM
#1646   Full article with charts.. cnvegas 04/08/17 05:46:29 AM
#1645   Dumb Money keeps the market moving higher.. cnvegas 04/08/17 05:45:12 AM
#1644   Thank you Jeff York and StockGod.... cnvegas 04/05/17 04:11:56 PM
#1643   AHHHH A bloody Monday morning. cnvegas 03/27/17 05:32:03 AM
#1642   this current market is total BS. what is nlightn 03/26/17 10:11:09 AM
#1641   AAPL chart. Using this a longer term play cnvegas 03/21/17 05:12:24 PM
#1640   A CAT chart cnvegas 03/21/17 04:59:46 PM
#1639   I'm finding that RSI is a very good cnvegas 03/21/17 04:38:56 PM
#1638   vegas what's this "It(RSI) is a different kind dotnet 03/21/17 11:42:31 AM
#1637   Hey dotnet thanks for the post. Sorry for cnvegas 03/20/17 09:30:11 PM
#1636   thats a huge dump. how are you guys dotnet 03/20/17 11:02:09 AM
#1635   News hitting the wire...Hugh AAPL dump cnvegas 03/17/17 07:34:03 PM
#1634   good fortune to you on PANW ! nlightn 03/13/17 10:10:47 AM
#1633   I'm playing calls on the B/O RUMOR. Small cnvegas 03/13/17 10:02:46 AM
#1632   PANW,...what side are you playing ?,..calls or puts ? nlightn 03/13/17 09:51:54 AM
#1631   Fasten your seatbelts. Trays in the upright position. cnvegas 03/12/17 10:22:54 AM
#1630   http://www.finviz.com/chart.ashx?t=PANW&ty=c&ta=1&p=d&s=l PANW un cnvegas 03/12/17 07:06:43 AM
#1629   Sorry for the super late reply. Got it cnvegas 02/28/17 07:34:37 PM
#1628   WIX puts anyone? cnvegas 02/28/17 07:33:00 PM
#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
PostSubject