SPY intraday pivot point question

Discussion in 'Technical Analysis' started by akdrmeb, May 30, 2009.

  1. akdrmeb


    i am curious to find out how you determine entries with pivots.

    i am also curious to know what stop number you are using on pivot plays.

    thanks in advance for your input.
  2. akdrmeb


    am i the only one who uses pivots on this forum?

    c'mon people.

    maybe no one has an entry plan? is that it?
  3. Matute


    Its not an answer to be responded in one text but in general and in my very huble opinion trading Pivots for more than 13 years...

    What you want to do is use this levels with confluence of simple support and resistance in the short term, that way the levels have more relevance as to only have the 3S DP and 3R levels, I personally use this in combination with market internals (ADD, TRIN, TICK) and candlestick charting techniques with multiple time frames to determine the way the mkt wants to go and using this level how can it get there. Simply using this levels as a buy or sell signal I personally wouldnt recomend it if you dont have experience with them, but I can tell you if they are missing in my chart it almost feels as if the chart is naked :)

    Hope it helps and doesnt confuse you