I don't believe in pivots. I want to know who agrees with me in using the following formula (or something similar) to find supports and resistances for intraday trading of any major CME future - long near support, short near resistance. Ingredients: Today's High and Low: H, L. Yesterday's High and Low: H(1), L(1) Day Before Yesterday's High and Low: H(2), L(2) Future's average daily range for last 12 months (High - Low): Range Resistance = the highest between H, H(1), H(2) as long as H(1) and H(2) are closer to H than Range*0.25 Support = the lowest between L, L(1), L(2) as long as L(1) and L(2) are closer to L than Range*0.25 Another rule is that you get all these values at 10 AM EST and they are final. Of course you cannot keep on updating H and L and the day evolves, or you won't have any SR level to start trading from, because it would keep on moving forever. What do you think? Any suggestions? Does anyone agree on how I find them and use them?