So, to calculate pivot point for today, we need to enter Today's OPEN, y'day close, high, low values?
I am getting 2623 (classic(H+L+C)/3) ; i think i am not doing it right. Can you please post an example. If we use above formula OPEN value is irrelevenet right?
PLOT ONLY YESTERDAY'S... O H L C...
2545..2592..2505....2572
TODAY'S PIVOT...2556
SUP....2521....2495....2569
I NEVER CHANGE IT THROUGH THE DAY..
KEEP WATCHING DAY'S WEEKS AND MONTHS YOU WILL LEARN IT
DON'T BE IN HURRY TO TAKE UP BIG TRADES
TAKE YOUR OWN TIME TO FIX UP A SYSTEM WORK ON IT
DO NOT CHANGE IT OFTEN..
learn entry exit and sl..
do small trades up to 10 with one system find the result..if it's fine continue it..