Swing/Pivot Points - Traders Hideout | futures io social day trading
futures io futures trading

Swing/Pivot Points
Updated: Views / Replies:5,835 / 3
Created: by trs3042 Attachments:0

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 100,000 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

Thread Tools Search this Thread

Swing/Pivot Points

  #1 (permalink)
Elite Member
Holland, Michigan
Trading Experience: None
Platform: ninjatrader
Broker/Data: CQG
Favorite Futures: Acoustic Guitar
trs3042's Avatar
Posts: 1,802 since Jun 2009
Thanks: 23,771 given, 5,611 received

Swing/Pivot Points

"Swing/pivot points also identify support and resistance areas, and these areas can be identified by drawing either horizontal and/or trending lines along these points of interest. The first step is to learn how to identify these swing/pivot areas. The second step is to recognize which ones are of most importance. The third step is to know which of these areas will most likely hold or reject price and which ones will most likely be broken. Learn those three things and you will be well on your way to success."

Just finished reading the above quotation in an article. This sparked the question: I wonder how the readers of this thread go about steps 1-3? I personally struggle with this and would entertain suggestions on how others go about this.



Reply With Quote
The following user says Thank You to trs3042 for this post:
  #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)
Site Administrator
Manta, Ecuador
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
Big Mike's Avatar
Posts: 46,932 since Jun 2009
Thanks: 29,919 given, 86,967 received


Do a search for ZigZag for a good indicator to help you learn to identify swings. It is too slow to use in live trading, but is a good teacher. You can search for CCI Pivots, something I created, which has a similar net result but is faster (favoring speed over accuracy).

Also look at the Price Action thread for some good sound advice on reading price, this includes some discussion on pivots.

I would recommend @Fat Tails pivot indicator toolbox, I will let him reply as to which ones to use because there are too many for me to remember (I don't use NT any more), but he has the best pivot tools for NT.

Last, pivots are very useful, but like everything else in trading - experience is more important. In my advice thread I've mentioned pivots several times and my journey with them, and answered questions of other traders about how I use pivots. Many traders want a "true or false" or "black or white" answer to a pivot (do I long or short), but really you have to think of it in different terms, more simply an area where price will likely react or gravitate towards, and not an area to always take a trade from.


Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote
The following 2 users say Thank You to Big Mike for this post:
  #4 (permalink)
Elite Member
las vegas
Trading Experience: Intermediate
Platform: Sierra Chart
Broker/Data: Velocity/IB
Favorite Futures: 6E
Posts: 1,147 since Feb 2010
Thanks: 304 given, 836 received

All swings are highs/lows for some period of time. In general, swings will have more significance the fewer times they have been broken and the older they are. In general, price is more likely than not to bounce off any swing or trend line than it is to break through it, but the more often price tests a particular line it becomes more likely it will break through it. Note that double tops/triple tops and some other formations technically only occur at the end of a trend. Price can test a particular line 5 or 6 times when its in a channel, wedge, triangle or other consolidation pattern. So it's important to consider whether the price is trending or in consolidation. In general, trend lines and patterns will have greater significance the larger the time frame they can be seen on.

My procedure is I plot the daily and weekly pivots, highs/lows. Then I start on a daily time frame and draw horizontal lines marking all swings and any trend lines, then I zoom in to 240, 60, 15, and 5 minutes and various constant volume sizes depending on the instrument and draw any more lines. It may sound like a lot of lines, but I draw fewer lines as I zoom in and most of the lines I won't even see on my trading chart unless the price gets close them. I also have my charts set to mark 00 and 50 psychological handles with dotted lines. I have also learned from my master to use a shrunken medium range chart to more easily identify any significant s&r as it unfolds during the day.

Reply With Quote
The following 3 users say Thank You to vegasfoster for this post:


futures io > > > Swing/Pivot Points

Thread Tools Search this Thread
Search this Thread:

Advanced Search

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

Journal Challenge $1600 in Prizes & Free Journalytix for all participants!


The Driving Force Behind the Market w/Earn2Trade

Mar 5

TBA w/Stage5 & iSystems

Mar 12

TBA w/John Grady @ No BS Day Trading

Mar 19

Day Trading Oil Futures: Reducing Risk & Increasing Profits w/DTN IQFeed

Mar 26

Similar Threads
Thread Thread Starter Forum Replies Last Post
Plot PIVOT POINTS as horizontal lines for trading sessions in MultiCharts virginiatrader The Elite Circle 7 June 22nd, 2013 04:28 PM
Swing Hi/Lo points for indicator values? zacharydw00 NinjaTrader Programming 18 August 20th, 2011 05:36 AM
Looking for daily pivot points for CL, ZN, ZF Chipmunk Traders Hideout 11 November 29th, 2010 02:48 AM
How to calculate Pivot points correctly: settlement or close ? trendisyourfriend The Elite Circle 6 June 10th, 2010 11:44 AM
ZigZag indicator but with tick difference shown at the pivot points wuolong NinjaTrader 3 April 6th, 2010 09:59 AM

cci, fat tails, how to, indicator, indicators, information, live trading, patterns, pivot points, pivots, price action, range chart, resistance, search, short, support, support and resistance, swing, trading, trend, trend line, trend lines, volume, wedge, white, zigzag

All times are GMT -4. The time now is 01:07 AM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, 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 2019-02-24 in 0.21 seconds with 14 queries on phoenix