Hello everyone,
I am new to this board and this is my first post,
I paid and used this service for 6 months so i'll tell u wht i think and answer any Qs.
i only used the original calculator and i was trading with a spread bet account.
The calculator seems to work better with individual stocks then with indices.
the L3 pivot is most accurate when it is hit about 10 mins into the trading day however its hard to get filled at this time of day with a decent size position.
The l4 breakout area works best if used after the first half hour.
i have found that on the days when it worked best you would be able to find similar entry points by looking at support and resistance levels for the day before.
Thats all i can think of for now but feel free to ask your Qs. here are the results of the calculator for a couple of days on the dow.
OPEN 10,066.67 L4 10,109.50
HIGH 10,131.35 L3 10,086.57
LOW 10,047.41 L3 10,040.71
CLOSE 10,063.64 L4 10,017.78
I have a date for the next one the closing figures are from 22/03/04
open 10,185.93 l4 10,160.18
high 10,186.15 l310,112.47
low 10,012.16 l3 10,017.03
close 10,064.75 l4 9,969.32
I found that often if l4 was hit very early on in the trading session the on its return l3 would act as a pivot point in the opposite direction to wht you are supposed to be trading.
To sum up on its day its a very accurate pivot point calculator but i found the system very difficult to trade, doesnt mean it dont work it could just be that i dont have the right personality for it or that it needs to be used in conjunction with other tools to decide trade entry.
