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    DavidW
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    This simple study says that pivot points don't work; they author tested 10 major currency pairs for 2006 to the present and found that the price was no more likely to revert back to the pivot point than any other number [url]http://www.myforexdot.org.uk/PivotPointAnalysis.html[/url].

    If pivots work, can someone suggest something that can be back tested to show that they have some statistical significance?
    BL
    blue
    Rep: 751
    Posts: 388
    0
    22-Oct-09
    Key Price Levels
    1072.00 03:44
    1080.50 07:23
    1070.25 09:03
    1080.50 10:48
    1076.25 11:29
    1089.25 14:25
    1080.50 08:36


    [U Fibonacci Retracements and Extensions /u]
    - PP ---
    * Price-*
    Dif
    +62% 1088.50
    1089.25
    -0.75
    LOW 1072.50
    1072.00
    0.50

    Notes: +62% and Low = good matches.

    Hope it helps!

    BL
    blue
    Rep: 751
    Posts: 388
    0
    (Edited )
    23-Oct-09
    Key Price Levels
    1089.50 05:23
    1095.25 08:05
    1093.50 08:30
    1075.75 10:22
    1082.50 11:47
    1071.50 14:39


    Daily Classic Pivot Points (ETH basis)
    - PP ---
    * Price-*
    Dif
    PP 1084.50
    1082.50
    2.00
    S1 1076.50
    1075.75
    0.75



    Source of PP for ETH basis and Fib numbers
    http://www.mypivots.com/dn/?symbol=224

    Daily Classic Pivot Points (RTH basis)
    - PP ---
    * Price-*
    Dif
    R1 1093.50
    1093.50
    0.00
    PP 1083.00
    1082.50
    0.50
    Notes: Excellent matches!

    [U Fibonacci Retracements and Extensions /u]
    - PP ---
    * Price-*
    Dif
    HIGH 1092.25
    1093.50
    -1.25
    50% 1081.25
    1082.50
    -1.25
    LOW 1070.25
    1071.50
    -1.25

    Notes: Fib all the same dif of -1.25 !!

    Hope it helps!

    BL
    blue
    Rep: 751
    Posts: 388
    0
    26-Oct-09
    Key Price Levels
    1082.75 05:07
    1077.25 06:33
    1076.25 08:25
    1088.50 09:07
    1062.25 11:06
    1069.00 12:43
    1061.25 14:28

    Daily Classic Pivot Points (ETH basis)
    - PP ---
    * Price-*
    Dif
    PP 1081.25
    1082.75
    -1.50


    Daily Classic Pivot Points (RTH basis)
    - PP ---
    * Price-*
    Dif
    PP 1083.00
    1082.75
    0.25
    Notes: pre open match

    [U Fibonacci Retracements and Extensions /u]
    - PP ---
    * Price-*
    Dif
    62% 1086.25
    1088.50
    -2.25

    Notes:Not much today.

    BL
    blue
    Rep: 751
    Posts: 388
    0
    29-Oct-09
    Key Price Levels
    1040.00 07:22
    1050.00 08:00
    1044.75 08:45
    1054.25 09:23
    1049.25 09:43
    1064.00 14:06


    Daily Classic Pivot Points (ETH basis)
    - PP ---
    * Price-*
    Dif
    Notes: PP close to the high.


    Weekly Classic Pivot Points
    - PP ---
    * Price-*
    Dif
    S1 1065.25
    1064.00
    1.25
    S2 1053.25
    1054.25
    -1.00
    Notes: S1 for high

    Source of PP for ETH basis
    http://www.mypivots.com/dn/?symbol=224

    Daily Classic Pivot Points (RTH basis)
    - PP ---
    * Price-*
    Dif
    R1 1053.00
    1054.25
    -1.25
    PP 1045.50
    1044.75
    0.75
    Notes: Good match PP to low

    [U Fibonacci Retracements and Extensions /u]
    -- PP ---
    * Price-*
    Dif
    HIGH 1063.00
    1064.00
    -1.00
    62% 1053.50
    1054.25
    -0.75

    Notes: HIGH worked well

    Hope it helps!

    BL
    blue
    Rep: 751
    Posts: 388
    0
    (Edited )
    30-Oct-09
    Key Price Levels
    1061.00 04:20
    1056.00 06:32
    1061.75 08:43
    1031.00 12:33
    1040.00 13:08
    1029.50 14:06

    Daily Classic Pivot Points (RTH basis)
    - PP ---
    * Price-*
    Dif
    S1 1030.75
    1029.50
    1.25

    Notes: Good match S1 to low

    Hope it helps!

    BL
    blue
    Rep: 751
    Posts: 388
    0
    02-Nov-09
    Key Price Levels
    1035.75 08:09
    1034.00 08:47
    1049.50 09:39
    1040.75 10:00
    1047.25 10:22
    1026.00 12:00


    Daily Classic Pivot Points (ETH basis)
    - PP ---
    * Price-*
    Dif
    PP 1041.75
    1040.75
    1.00


    Weekly Classic Pivot Points
    - PP ---
    * Price-*
    Dif
    PP 1050.25
    1049.50
    0.75



    [U Fibonacci Retracements and Extensions /u]
    -- PP ---
    * Price-*
    Dif
    50% 1046.25
    1049.50
    -3.25
    LOW 1029.50
    1026.00
    3.50

    Hope it helps!

    BL
    blue
    Rep: 751
    Posts: 388
    0
    04-Nov-09 Wednesday
    Key Price Levels
    1045.00 07:15
    1051.50 08:09
    1047.75 08:45
    1057.50 09:31
    1046.00 13:29
    1058.50 13:43
    1041.50 14:51

    Daily Classic Pivot Points (ETH basis)
    - PP ---
    * Price-*
    Dif
    R1 1048.25
    1047.75
    0.50
    Notes: R1 only match today.
    BL
    blue
    Rep: 751
    Posts: 388
    0
    05-Nov-09
    Key Price Levels
    1049.50 08:41
    1062.00 09:47
    1055.75 10:54
    1063.00 12:49


    Daily Classic Pivot Points (ETH basis)
    - PP ---
    * Price-*
    Dif
    R1 1056.75
    1055.75
    1.00
    Notes: R1 matched the high

    Weekly Classic Pivot Points
    no matches

    Source of PP for ETH basis
    http://www.mypivots.com/dn/?symbol=224

    Daily Classic Pivot Points (RTH basis)
    - PP ---
    * Price-*
    Dif
    R1 1056.50
    1055.75
    0.75
    Notes: R1 matched the high

    [U Fibonacci Retracements and Extensions /u]
    -- PP ---
    * Price-*
    Dif
    50% 1049.75
    1049.50
    0.25

    Notes: 50% caught the low.

    Hope it helps!

    BL
    blue
    Rep: 751
    Posts: 388
    0
    09-Nov-09 Upslash day"
    Key Price Levels
    1068.25 04:00
    1078.50 05:06
    1074.00 08:33
    1089.25 13:45
    1087.00 14:35
    1092.00 15:14 23.75

    Notes: Buy at 4am sell at close.

    Source of PP for ETH basis
    http://www.mypivots.com/dn/?symbol=224

    Daily Classic Pivot Points (RTH basis)
    - PP ---
    * Price-*
    Dif
    R3 1091.25
    1092.00
    -0.75
    R1 1072.00
    1074.00
    -2.00
    Notes: Good match R3 to high

    [U Fibonacci Retracements and Extensions /u]
    -- PP ---
    * Price-*
    Dif
    +100% 1089.00
    1089.25
    -0.25

    Hope it helps!

    BL
    blue
    Rep: 751
    Posts: 388
    0
    (Edited )
    10-Nov-09 Narrow range "chop slop" day.
    Key Price Levels
    1091.00 04:58
    1086.75 08:08
    1090.75 08:49
    1094.50 09:30
    1085.00 11:30

    Daily Classic Pivot Points (RTH basis)
    - PP ---
    * Price-*
    Dif
    PP 1086.00
    1085.00
    1.00

    Notes: Good match PP to low

    MO
    monaybot
    Rep: 0
    Posts: 3
    0
    Study wasn't usin' them right. Nuff' said.