It starts getting busy as the Frankfurt & London desks begin stirring for sure (7.00-8.00gmt). London-New York overlap (12.30-14.00gmt) will usually register a peak in the activity flows, so you should get plenty of opportunities to partake.
Best bet would be to plot your pivots Steve (both intraday & weekly) on your charts & observe the traffic as it oscillates around them. You’ll get different views & opinions from folks as to their relevance or importance, but the only way you’ll know if you can make something work is to try it out yourself.
Try opening up a mid term chart (4 hourly say) & see if you can notice any clear & striking support & resistance zones (levels where price has been firmly rejected). Previous swing high & lows….area’s of consolidation (tight range prints etc), & see whether any of your pivot points marry up with those levels?
Confluence of levels can be pretty powerful area’s of reaction, especially if they vibrate on & around big figures, round numbers.
There’s no right or wrong out there, just what works comfortably for you. It’s a whole lot of trial & error most of the time. What you find appropriate & successful won’t necessarily be the next fella’s cup of tea.
