Daily Pivots in Forex - What start time? | Currency Futures

futures.io - futures trading strategies, market news, trading charts and platforms

Currency Futures

This subforum allows you to find traders that trade Currency Futures. You may post about anything to do with trading currency futures in this section


Daily Pivots in Forex - What start time?

  #17 (permalink)

Posts: 135 since Dec 2013

Ok, things were bugging me to no end... So I did some more research and coded a backtesting scan. It looks like most institutional software and serverside pivot calculations for retail software in Forex now follow 00:00GMT with no DST adjustment. Backtesting scan of price reversal reactions to first pivot tests confirms statistical bias toward short term price reversals.

It's official... The big players are all watching GMT pivots.

Now I don't need to think about this anymore. It's solved! I don't trade off pivots... I just like to know when price is testing one as it can unexpectedly shift the momentum a bit.

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Last edited by MedianVelocity; January 24th, 2014 at 11:02 PM.
Reply With Quote