I'm sure some people use pivot points to orient their trades during the day. I was wondering what those different ways are. In my trading, which involves 1-3 trades per day, I use them to determine both direction and sometimes to base trades off of. I pretty much take yesterdays' H+L+C and divide by 3. But, I solidify the line after the following days price action creates a s/r point near my estimated line. Today was a good example in the S&P emini. The 4th 30-minute bar formed a low at 847.50, and again retested 847.50 an hour and a half later from beneath. This was lower than my estimate, but I go with popular opinion. I went short @ 847.50 around 11:29, after anticipating a slightly higher pivot point. I usually put in a hefty stop loss, in this case the HOD. Luckily today sold off well, but most days obviously aren't this good. The previous 7 seven days stayed nicely above/ below the pivot points, and allowed longer-term positions to be held without any reversals worries. If a day constantly channels and crosses the previous days pivot multiple times, I stop trading for that day. This is just one element of my trading, and I break the rules sometimes for gaps, etc., but to me, these reference points are very important for success in longer term trading. Anybody have other uses for these pivot points?