Disliked{quote} {quote} {quote} Thanks guys, very useful. I've been using daily pivots on 1H and under charts then the weekly pivots on my 4H chart and monthly pivots on my 1D and 1W charts. I use the 200SMA similar to the pivot midpoints and especially when they agree (ie, above pivot and 200SMA, look to be bullish, etc). I've not really used midpoints though, might have to look into them a bit more. I take especial note when R and S levels between the pivot timeframes are confluent. Last question though, do you use classic pivots or one of the others...Ignored
In my experience pivots are rather subjective points.You can take 10 different points and all could be true depending which pivots you look at it.
In my thinking lot of software is already programmed to attack trend lines and pivots because that's where the stops are.
I come to realization that closest thing in predicting the price is harmonics which is based on fibs and Elliot wave.
One day you will shed all the pivots from your charts and that I am sure of.
Regards
In trading, you have to be defensive and aggressive at the same time