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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Pivot Point Indicator

Pivot Point Indicator

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21Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Sun May 05, 2013 6:46 am

traderathome


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The DFNTWS charting is now technically challenged....

Very Happy

22Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Sun May 05, 2013 9:25 am

KDDND


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@LSE wrote:
@KDDND wrote:Thx LSE! now I am getting good idea about these points Smile thx to you again. Let me request your reply for the following things if they are worth to answer ;

1. I can assume that you find exact values for O, H & L values from chart by moving mouse to those points, but how do u get C value since the chart doesn't shows it?

2. What are these S1 to S4 & R1 to R4 points, what do they mean/indicate? how do v interpret them?

3. When passing these points from up to bottom - going down / from bottom to up - going up, is there any special indications/interpretations for action - buy or sell or any ?

Thx LSE
KDDND

Dear Friend KDDND,

I'd like to answer for your first two questions in brief as follows, but your last question is not clear to me.

1. http://www.investing.com/indices/cse-all-share

2.

S = Support
S1 = First Support Level

If a security is approaching an important support level, it can serve as an alert to be extra vigilant in looking for signs of increased buying pressure and a potential reversal. If it's fail further move in to down side.

R = Resistance
R1 = First Resistance Level.

If a security is approaching a resistance level, it can act as an alert to look for signs of increased selling pressure and potential reversal. If it's fail further move in to up side.

If a support or resistance level is broken, it signals that the relationship between supply and demand has changed.

A resistance breakout signals that demand (bulls) has gained the upper hand and a support break signals that supply (bears) has won the battle.

Note:
I think now you having a clear idea about S1,..,S4 & R1,...,R4.

For further reading follow this link
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:support_and_resistan


Thank You.
study study study

Thank you LSE! I got your idea & had reading bit of the link! Very Happy

"Support and Resistance

Support and resistance represent key junctures where the forces of supply and demand meet. In the financial markets, prices are driven by excessive supply (down) and demand (up). Supply is synonymous with bearish, bears and selling. Demand is synonymous with bullish, bulls and buying. " Cool

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:support_and_resistan

23Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Sun May 05, 2013 6:12 pm

cseguide


Vice President - Equity Analytics
Vice President - Equity Analytics
Tnks LSE

24Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Mon May 06, 2013 10:19 am

LSE


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Hi Friends,

Check my Pivot Point analyze in the above


ASI Index values as of [03-05-2013]

Thank You.

25Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Sun May 12, 2013 5:27 pm

LSE


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Pivot Point analyze

ASI Index values as of [10-05-2013]


Open - 6255.27
High - 6290.02
Low - 6247.79
Close - 6254.62

R4 = 6,390.83
R3 = 6,348.60
R2 = 6,306.37
R1 = 6,280.50


Pivot Point = 6,264.14

S1 = 6,238.27
S2 = 6,221.91
S3 = 6,179.68
S4 = 6,137.45


Pivot Point Indicator - Page 2 Pp811

Conclusion :

Dear all, if you stay with this post from the beginning i think now you all having a very good understanding about this indicator,so up to now we have already passed big green days as well as few bearish days. but i think now we have came to an important turning point of the ASI index. As you all know at the 6000 level we had a strong resistance. It's took more than a year to break that resistance level. Now we are staying at 52 week high ASI level.

When compare ASI Index values as of [10-05-2013], now it's trading below the pivot point & that indicates bearish sentiment. I think this is a good time to keep your eye on the market behavior and it's activities. I will post an another analyze by using the candlestick patterns and for the moment this is only for your attention.

Now we are passing a kind of uncertain situation and RSI indicator already set to it's high levels. so, definitely there will be few red days in near future. but keep in you mind we have already passed a very strong resistance level & this will indicate further good movement of the market.

When we talking about the Monday, Next resistance level R1 is at 6,280.50. If we get across from that point it'll reach to the R2 level at 6,306.37 with difficulty. Mean, surely there will be a high selling pressure & that can drag ASI to next support level S1 at 6,238.27 or S2 levels.

Note :
s1,S2 are very strong support levels and R1,R2 are much stronger resistance levels. Monthly basis market will continue this uptrend movement.

Alternative scenario is
, if market continues it's uptrend till 63.. levels then, there will be very small probability to stay market above 63.. levels withing next 2 or 3 days.

Lets hope for the best.

Thank You.

26Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Sun May 12, 2013 6:38 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Thx LSE!

for revision class...... Smile

lets go step by step....!!! Thx

27Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Sun May 12, 2013 7:31 pm

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@LSE wrote:Pivot Point analyze

ASI Index values as of [10-05-2013]


Open - 6255.27
High - 6290.02
Low - 6247.79
Close - 6254.62

R4 = 6,390.83
R3 = 6,348.60
R2 = 6,306.37
R1 = 6,280.50


Pivot Point = 6,264.14

S1 = 6,238.27
S2 = 6,221.91
S3 = 6,179.68
S4 = 6,137.45


Pivot Point Indicator - Page 2 Pp811

Conclusion :

Dear all, if you stay with this post from the beginning i think now you all having a very good understanding about this indicator,so up to now we have already passed big green days as well as few bearish days. but i think now we have came to an important turning point of the ASI index. As you all know at the 6000 level we had a strong resistance. It's took more than a year to break that resistance level. Now we are staying at 52 week high ASI level.

When compare ASI Index values as of [10-05-2013], now it's trading below the pivot point & that indicates bearish sentiment. I think this is a good time to keep your eye on the market behavior and it's activities. I will post an another analyze by using the candlestick patterns and for the moment this is only for your attention.

Now we are passing a kind of uncertain situation and RSI indicator already set to it's high levels. so, definitely there will be few red days in near future. but keep in you mind we have already passed a very strong resistance level & this will indicate further good movement of the market.

When we talking about the Monday, Next resistance level R1 is at 6,280.50. If we get across from that point it'll reach to the R2 level at 6,306.37 with difficulty. Mean, surely there will be a high selling pressure & that can drag ASI to next support level S1 at 6,238.27 or S2 levels.

Note :
s1,S2 are very strong support levels and R1,R2 are much stronger resistance levels. Monthly basis market will continue this uptrend movement.

Alternative scenario is
, if market continues it's uptrend till 63.. levels then, there will be very small probability to stay market above 63.. levels withing next 2 or 3 days.

Lets hope for the best.

Thank You.


Thanx for the info mate.
Can you give me further info regarding fibonacci pivots. Is it related to the fibonacci sequence?

28Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Sun May 12, 2013 8:43 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Dear Friend Jonta,

Fibonacci Pivot Points start just the same as Standard Pivot Points. From the base Pivot Point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels.

Fibonacci Pivot Points Calculation


Pivot Point (P) = (High + Low + Close)/3

Support 1 (S1) = P - {.382 * (High - Low)}
Support 2 (S2) = P - {.618 * (High - Low)}
Support 3 (S3) = P - {1 * (High - Low)}


Resistance 1 (R1) = P + {.382 * (High - Low)}
Resistance 2 (R2) = P + {.618 * (High - Low)}
Resistance 3 (R3) = P + {1 * (High - Low)}


Constant Values [ 0.382,0.618,1 ]

Thank You.

29Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Sun May 12, 2013 9:31 pm

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@LSE wrote:Dear Friend Jonta,

Fibonacci Pivot Points start just the same as Standard Pivot Points. From the base Pivot Point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels.

Fibonacci Pivot Points Calculation


Pivot Point (P) = (High + Low + Close)/3

Support 1 (S1) = P - {.382 * (High - Low)}
Support 2 (S2) = P - {.618 * (High - Low)}
Support 3 (S3) = P - {1 * (High - Low)}


Resistance 1 (R1) = P + {.382 * (High - Low)}
Resistance 2 (R2) = P + {.618 * (High - Low)}
Resistance 3 (R3) = P + {1 * (High - Low)}


Constant Values [ 0.382,0.618,1 ]

Thank You.



Thanx mate

30Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Mon May 13, 2013 10:40 am

edna.manoraj


Stock Trader
THANK YOU FOR THE SIMPLIFIED EXOLANATION

31Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Mon May 13, 2013 10:44 am

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Pivot Point analyze

Expect targets


S1 = 6,238.27
S2 = 6,221.91



Thank You.

32Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Mon May 13, 2013 12:06 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@LSE wrote:Pivot Point analyze

ASI Index values as of [10-05-2013]


Open - 6255.27
High - 6290.02
Low - 6247.79
Close - 6254.62

R4 = 6,390.83
R3 = 6,348.60
R2 = 6,306.37
R1 = 6,280.50


Pivot Point = 6,264.14

S1 = 6,238.27
S2 = 6,221.91
S3 = 6,179.68
S4 = 6,137.45


Pivot Point Indicator - Page 2 Pp811

Conclusion :

Dear all, if you stay with this post from the beginning i think now you all having a very good understanding about this indicator,so up to now we have already passed big green days as well as few bearish days. but i think now we have came to an important turning point of the ASI index. As you all know at the 6000 level we had a strong resistance. It's took more than a year to break that resistance level. Now we are staying at 52 week high ASI level.

When compare ASI Index values as of [10-05-2013], now it's trading below the pivot point & that indicates bearish sentiment. I think this is a good time to keep your eye on the market behavior and it's activities. I will post an another analyze by using the candlestick patterns and for the moment this is only for your attention.

Now we are passing a kind of uncertain situation and RSI indicator already set to it's high levels. so, definitely there will be few red days in near future. but keep in you mind we have already passed a very strong resistance level & this will indicate further good movement of the market.

When we talking about the Monday, Next resistance level R1 is at 6,280.50. If we get across from that point it'll reach to the R2 level at 6,306.37 with difficulty. Mean, surely there will be a high selling pressure & that can drag ASI to next support level S1 at 6,238.27 or S2 levels.

Note :
s1,S2 are very strong support levels and R1,R2 are much stronger resistance levels. Monthly basis market will continue this uptrend movement.

Alternative scenario is
, if market continues it's uptrend till 63.. levels then, there will be very small probability to stay market above 63.. levels withing next 2 or 3 days.

Lets hope for the best.

Thank You.

Target Support Levels

S1 = 6,238.27 - Failed

S2 = 6,221.91 - Supporting [ if this fail it'll drag to S3 levels very easily ]

S3 = 6,179.68

Thank You.

33Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Mon May 13, 2013 12:10 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Have to say your simple illustrations may make a few who doubted pivots (at CSE), look again.

Sometime ago there was a webpage dedicated to pivots at CSE. Were you behind it I do not know.

34Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Mon May 13, 2013 12:13 pm

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Thank you LSE.

35Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Mon May 13, 2013 12:55 pm

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@LSE wrote:
@LSE wrote:Pivot Point analyze

ASI Index values as of [10-05-2013]


Open - 6255.27
High - 6290.02
Low - 6247.79
Close - 6254.62

R4 = 6,390.83
R3 = 6,348.60
R2 = 6,306.37
R1 = 6,280.50


Pivot Point = 6,264.14

S1 = 6,238.27
S2 = 6,221.91
S3 = 6,179.68
S4 = 6,137.45


Pivot Point Indicator - Page 2 Pp811

Conclusion :

Dear all, if you stay with this post from the beginning i think now you all having a very good understanding about this indicator,so up to now we have already passed big green days as well as few bearish days. but i think now we have came to an important turning point of the ASI index. As you all know at the 6000 level we had a strong resistance. It's took more than a year to break that resistance level. Now we are staying at 52 week high ASI level.

When compare ASI Index values as of [10-05-2013], now it's trading below the pivot point & that indicates bearish sentiment. I think this is a good time to keep your eye on the market behavior and it's activities. I will post an another analyze by using the candlestick patterns and for the moment this is only for your attention.

Now we are passing a kind of uncertain situation and RSI indicator already set to it's high levels. so, definitely there will be few red days in near future. but keep in you mind we have already passed a very strong resistance level & this will indicate further good movement of the market.

When we talking about the Monday, Next resistance level R1 is at 6,280.50. If we get across from that point it'll reach to the R2 level at 6,306.37 with difficulty. Mean, surely there will be a high selling pressure & that can drag ASI to next support level S1 at 6,238.27 or S2 levels.

Note :
s1,S2 are very strong support levels and R1,R2 are much stronger resistance levels. Monthly basis market will continue this uptrend movement.

Alternative scenario is
, if market continues it's uptrend till 63.. levels then, there will be very small probability to stay market above 63.. levels withing next 2 or 3 days.

Lets hope for the best.

Thank You.

Target Support Levels

S1 = 6,238.27 - Failed

S2 = 6,221.91 - Supporting [ if this fail it'll drag to S3 levels very easily ]

S3 = 6,179.68

Thank You.

seems like S2 is hard to break

36Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Wed May 15, 2013 7:57 pm

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@ LSE

what about tomorrow's pivot point mate? Very Happy

37Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Wed May 15, 2013 8:17 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
This was the expected values according to me, [For Today]

R2 6,265.96
R1 6,241.22 ---> was 6,240[ when market close]

PP 6,228.04
-------------------------->> 6,221.12 [Actual Value at the end of the day after finalize]
S1 6,203.30 ---> this was the turning point
S2 6,190.12
S3 6,152.20

Note :
Market bounced between the resistance [R1] and support [S1].
From the Beginning we saw a good support against the resistance.
Finally bull side won.

Thank You.

38Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Wed May 15, 2013 8:53 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@LSE wrote:This was the expected values according to me, [For Today]

R2 6,265.96
R1 6,241.22 ---> was 6,240[ when market close]

PP 6,228.04
-------------------------->> 6,221.12 [Actual Value at the end of the day after finalize]
S1 6,203.30 ---> this was the turning point
S2 6,190.12
S3 6,152.20

Note :
Market bounced between the resistance [R1] and support [S1].
From the Beginning we saw a good support against the resistance.
Finally bull side won.

Thank You.

Pivot Point analyze

ASI Index values as of [15-05-2013]


open - 6202.87
High - 6227.61
Low - 6202.87
Close - 6221.12


R4 6,291.42
R3 6,266.68
R2 6,241.94
R1 6,231.53


PP 6,217.20

S1 6,206.79
S2 6,192.46
S3 6,167.72
S4 6,142.98


Conclusion :

Actually this is kind of an uncertain situation. Because, above values are indicate another tight
schedule for tomorrow as well. Like today tomorrow also there will be a good support against the resistance. slowly it's confirm the up trend again. Strong resistance points will meet ASI at R1,R2,R3 & R4.

Note :
Trading above the pivot point is thought to indicate ongoing bullish sentiment
If ASI break them it's rocketing like nothing.
If fails ASI will floating around R2 - S2 Levels.
keep in your mind ASI will meets its support at S1,S2,S3 & S4

Lets hope for the best.

Thank You.



39Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Wed May 15, 2013 8:57 pm

assasin


Equity Analytic
Equity Analytic
My conclusion is that above numerical values are useless.

40Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Wed May 15, 2013 9:34 pm

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@LSE wrote:
@LSE wrote:This was the expected values according to me, [For Today]

R2 6,265.96
R1 6,241.22 ---> was 6,240[ when market close]

PP 6,228.04
-------------------------->> 6,221.12 [Actual Value at the end of the day after finalize]
S1 6,203.30 ---> this was the turning point
S2 6,190.12
S3 6,152.20

Note :
Market bounced between the resistance [R1] and support [S1].
From the Beginning we saw a good support against the resistance.
Finally bull side won.

Thank You.

Pivot Point analyze

ASI Index values as of [15-05-2013]


open - 6202.87
High - 6227.61
Low - 6202.87
Close - 6221.12


R4 6,291.42
R3 6,266.68
R2 6,241.94
R1 6,231.53


PP 6,217.20

S1 6,206.79
S2 6,192.46
S3 6,167.72
S4 6,142.98


Conclusion :

Actually this is kind of an uncertain situation. Because, above values are indicate another tight
schedule for tomorrow as well. Like today tomorrow also there will be a good support against the resistance. slowly it's confirm the up trend again. Strong resistance points will meet ASI at R1,R2,R3 & R4.

Note :
Trading above the pivot point is thought to indicate ongoing bullish sentiment
If ASI break them it's rocketing like nothing.
If fails ASI will floating around R2 - S2 Levels.
keep in your mind ASI will meets its support at S1,S2,S3 & S4

Lets hope for the best.

Thank You.





Thanx mate

41Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Wed May 15, 2013 9:53 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
No matter what will happened tomorrow...

But THANKS A LOT .......... LSE!

This is kind of good numerical expression for forecasting of CSE....
It's really interesting....... have this point of view....

But I wonder ....... whether you could do this daily..... at least for some days.... until we ... beginners get familer to it.... pls...

thanx mate! cheers

42Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Thu May 16, 2013 10:36 am

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Did you all see that, how powerful the resistance at R2

R4 6,291.42
R3 6,266.68
R2 6,241.94 ----->>> ASI turned down from this point
R1 6,231.53


PP 6,217.20

S1 6,206.79
S2 6,192.46
S3 6,167.72
S4 6,142.98



Thank You.

43Pivot Point Indicator - Page 2 Empty Re: pivot point indicator Thu May 16, 2013 11:30 am

jonta999

jonta999
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@LSE wrote:Did you all see that, how powerful the resistance at R2

R4 6,291.42
R3 6,266.68
R2 6,241.94 ----->>> ASI turned down from this point
R1 6,231.53


PP 6,217.20

S1 6,206.79
S2 6,192.46
S3 6,167.72
S4 6,142.98



Thank You.

ASI gearing to pass 6266

44Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Thu May 16, 2013 11:48 am

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@LSE wrote:Did you all see that, how powerful the resistance at R2

R4 6,291.42
R3 6,266.68
R2 6,241.94 ----->>> ASI turned down from this point
R1 6,231.53


PP 6,217.20

S1 6,206.79
S2 6,192.46
S3 6,167.72
S4 6,2142.98



Thank You.

Yesss..... Exactly.... 6241.93 was the highest just before a drop.... @10.27am ...

haa haa .... how come...
THx LSE!
keep it up...

Grat work!

45Pivot Point Indicator - Page 2 Empty Re: Pivot Point Indicator Thu May 16, 2013 12:21 pm

LSE

LSE
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@KDDND wrote:
@LSE wrote:Did you all see that, how powerful the resistance at R2

R4 6,291.42
R3 6,266.68
R2 6,241.94 ----->>> ASI turned down from this point
R1 6,231.53


PP 6,217.20

S1 6,206.79
S2 6,192.46
S3 6,167.72
S4 6,2142.98



Thank You.

Yesss..... Exactly.... 6241.93 was the highest just before a drop.... @10.27am ...

haa haa .... how come...
THx LSE!
keep it up...

Grat work!

*** Only Two Levels To Go... ***

R4 6,291.42
R3 6,266.68
---->>> Now value is @ 6267.39
R2 6,241.94 ----->>> R2 Failed
R1 6,231.53 ----->>> R1 Failed


PP 6,217.20

S1 6,206.79
S2 6,192.46
S3 6,167.72
S4 6,2142.98



Thank You.

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