Appropriate time to calculate, Pivot Point.

Devin

  • Newbie
  • *
  • Posts: 5
    • View Profile
Appropriate time to calculate, Pivot Point.
« on: August 02, 2011, 01:53:47 AM »

As we all know pivot point, is calculated from one midnight to the other. The question i want to ask is should one use his trading server time or the generally, accepted 4pm New york time which is regarded, as the close and begining of a new trade day? Please share your opinion.

swingtrader

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1984
    • View Profile
Re: Appropriate time to calculate, Pivot Point.
« Reply #1 on: August 02, 2011, 09:00:12 PM »
The forex market never closes, so you should use an open and close time, otherwise there is no way to calculate the Pivot Point.

t210021

  • Newbie
  • *
  • Posts: 3
    • View Profile
Re: Appropriate time to calculate, Pivot Point.
« Reply #2 on: August 15, 2011, 10:47:07 PM »
The forex market never closes

Appropriate time to calculate, Pivot Point.