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


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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.

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