Anyone using pivots for the ESTX50 or the Dax

Discussion in 'Index Futures' started by Runningbear, Jan 28, 2004.

  1. Im just interested to know if anyone uses pivots or some variation of them to trade these indexes.

    Does anyone use them to calculate potential support and resistance points for these markets prior to the US markets opening?

    Do they have any application at all?

    Thanks in advance,

  2. Had a brief look but haven't seen much use for them in European markets. I find previous day's highs and lows are more useful for EuroStoxx....
  3. rognvald


  4. momoNY


    The FDAX follows the pivots (S1, S2, R1, R2) like a religion!. Take a look at this month you'll be amazed. personally I don't trade them (Don't like bottoms and tops), but I try not to go against them. For instance I'll not short if S1 is not tested, unless the price is far from it, in which case I'll make it a target for an exit.

    Hope this helps.