Great work on market timing you posted. Are you doing these levels for forex at all? I am based in Asia and the US session starts late in my day. Would be curious to see the levels if available.
sorry but I focus on US index futures only. You can use your datafeed or Prophet.net (free stuff) and see levels.
I've checked your "pivot times" for Friday, and they didn't seem to precisely identify any turning points (can't say yet anything about those pivot levels being challenged). I assume that you continue posting your calculations because you're happy with how they work. Would you mind to briefly explain how they worked for Friday 01/04? Thanks.
cnms2, The idea of pivot levels in price is very old. You know of course about so called 'floor pivots', (high+low+close)/3, (2*(high+low+close)/3-low) levels and so on. May be you know about 'camarilla equation', pivot levels derived from Market/Volume profile... etc. The common principle is price based approach. We have price levels as input and price levels as output. It means usually that we have pivot price levels in advance. Now look at picture (INDU index). Green lines are time levels, black lines are related price levels. These price levels are more important than precise values of pivot times. I do not calculate price levels in advance, but only time levels. I rarely trade at pivot times, rather I mark related price level and wait for clear directional signal. Sometimes I get this signal immediately of course. Ok, 01/04. 09/45. We are in the down trending market. It means (for me at least) that I wouldn't go long without strong confirmation signal. I do not see such signal (you can call it B2B signal ). Later we have nice breakdown and have safe trend following trade. However I did not take this signal because I was too late. 10/50. the same logic, although aggressive trader can go long after confirmation. I personally sold immediately and took small loss. 11/50. Good confirmation of UP direction, so buy. 12/20. Very important point. I call this situation 'double confirmation' - when two or more pivot levels are very close - 09/45 and 12/20. It is the best trading setup for short position. The conservative goal is 11/50 level, 10/50 and lower is the aggressive target. 14/00. The same situation. We have 11/50 and 14/00 levels together, ideal short signal. You can follow my old examples and see the same picture again and again. Wait for pivot time -> mark price level -> wait for clear directional signal -> trade it -> be happy and confident If you have another Q's - feel free to ask me. Sorry for my broken English, I write fast and so make mistakes.