Pivot Points - Again

Discussion in 'Forex' started by brad1970, Apr 13, 2004.

  1. brad1970


    I know this topic has been discussed ad nauseam, but my question is, what close is used to determine pivot points?

    I been getting pivot points off Bloomberg and they use a 5:00 PM New York close to determine the pivot points for the next 24 hours.

    Is this generally accepted or are Far East / London closings better.