Daily Pivot Point Calculation. - Traders Hideout | futures io social day trading
futures io futures trading


Daily Pivot Point Calculation.
Updated: Views / Replies:1,671 / 4
Created: by esby06 Attachments:4

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Daily Pivot Point Calculation.

  #1 (permalink)
Trading Apprentice
Seattle, WA
 
Futures Experience: Beginner
Platform: TOS
Favorite Futures: ES, SI, GC, options
 
Posts: 28 since Sep 2011
Thanks: 19 given, 4 received

Daily Pivot Point Calculation.

For a Daily Pivot Point , what works better. Pit Session Low, High and Close? or Electronic Trading High, Low and Pit Close?

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary

Answer
This post has been selected as an answer to the original posters question Answer



esby06 View Post
For a Daily Pivot Point , what works better. Pit Session Low, High and Close? or Electronic Trading High, Low and Pit Close?

You should not take the close, but the settlement price.

For the high and low, both is possible. Originally traders used the pit session high and low. But more and more traders now use the ETH high and low. Whether the majority uses the RTH (pit session) or the ETH pivots really depends on the instrument.

Attached ETH and RTH pivots for ES 06-12 and GC 06-12 for last Friday. From this example you would get the impression that RTH pivots work better for ES, while ETH pivots work better for GC. However, this is just a single day, and you would not base your judgement on a single day. If you do this back to the beginning of the year you will have your own opinion on which of them work better.


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


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


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


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

Reply With Quote
The following 4 users say Thank You to Fat Tails for this post:
 
  #4 (permalink)
Trading Apprentice
Seattle, WA
 
Futures Experience: Beginner
Platform: TOS
Favorite Futures: ES, SI, GC, options
 
Posts: 28 since Sep 2011
Thanks: 19 given, 4 received

Pit close and settlement

Thank you for the information.
Can you please explain me difference between Close and Settlement?

Thanks

Reply With Quote
 
  #5 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,653 since Mar 2010
Thanks: 4,226 given, 25,601 received
Forum Reputation: Legendary


esby06 View Post
Thank you for the information.
Can you please explain me difference between Close and Settlement?

Thanks

The closing price is the transaction price of the last trade of a trading day.

The settlement price is the volume weighted average price of the settlement period.

The settlement price is used to calculate your daily profit and loss for an open futures position and is thus the base for margin requirements.


Example 1: ES

The last traded price is the price at which the last transaction occurred at 3:15 PM Central Time.

The settlement price is the volume weighted average price of all transactions which occured between 3:14:30 and 3:15:00 Central Time. But attention, there are a few exceptions. On the last business day of the month, the settlement price is calculated from the index price via a fair value approach. The index value is taken at 3:00 PM, which is 15 minutes prior to the close of the futures session. There can be a significant difference bewteen the settlement price and the close on the last business day of the month. Also there are 6 days per year, where no settlement price is determined. And then there are a few days, where the settlement price is taken from the previous day.


Example 2: GC

The last traded price is the price at which the last transaction occurred at 5:15 PM Eastern Time.

The settlement price is the volume weighted average price of all transactions which occured between 1:29:00 and 1:30:00 PM Eastern Time. There are also 6 days without settlement and a few exceptions, but even on normal days the settlement price is taken about 3 hours and 45 minutes prior to the close. This can make up for a significant price difference.

For settlement times of CME see link below:

Daily Settlement Times Details - CME Group

Reply With Quote
The following 8 users say Thank You to Fat Tails for this post:

Reply



futures io > > > Daily Pivot Point Calculation.

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Develop a TD Pivot Point indicator hedemanninvest NinjaTrader Programming 10 September 2nd, 2011 03:46 PM
Pivot Point Calculation trendisyourfriend Traders Hideout 54 May 31st, 2011 10:14 AM
Pivot Point calculations trendisyourfriend Investor/RT 11 May 2nd, 2011 07:50 PM
Looking for daily pivot points for CL, ZN, ZF Chipmunk Traders Hideout 11 November 29th, 2010 02:48 AM
Correct Globex Pivot Point Levels for Ninja 6.5 Private Banker NinjaTrader 24 October 27th, 2010 09:11 PM


All times are GMT -4. The time now is 01:19 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-14 in 0.10 seconds with 28 queries on phoenix via your IP 54.234.255.29