Daily, weekly and monthly Pivot Point

Discussion in 'Technical Analysis' started by jocafi, May 17, 2010.

  1. jocafi


    Hi, I am reading the book "Candlestick and Pivot Point Trading Triggers" (John L. Person) and building my own system have a terrible doubt :confused: , please!

    I know that I have to use the prior Pivot Point (PP) for the current day.

    How about the current week and current month?

    1) Do I have to use the PP of January in February, PP of February in March, and so on?

    2) Or could I use the last 21 days excluding the current trade day to build the current monthly PP ?

    Thank you in advance for your answers.
  2. ====================
    1]No & pay more attention when different months pp are same
    & weekly, mo, 50 day,yearly pp can be helpful. But non of that is as important as position size/market...........................................:cool: