Talk:Pivot point calculations

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"This is largely due to the fact that price movements in the trillion dollar foreign exchange market are not generally subject to the kinds of manipulation that stem from unforeseen insider trading, corporate mismanagement, misrepresentation, or the actions of institutional investors."

This comment seems to be rather sweeping and general, and doesn't seem in the right tone. Suggest removal.

what is a pivot point?

Good question - it wasn't at all clear from the article. Hopefully it's a bit better now. Pleclech 22:36, 3 February 2007 (UTC)

Why FOREX only? And what about the ordinary exchanges? They do not have pivot points, are they really? - prasthita

     WHAT IS A Reversal Pivotal Point??

[edit] Validation of calculations and inclusion of commodities futures

Pivot point analysis is also used heavily in Commodities Futures trading. I have often wondered how the support and resistance levels around the pivot point were calculated. While close, the calculations in this article don't yield the levels published by my commodities broker.

The Hi Lo and Close for September Cocoa futures (symbol: CC07U) from the futures quote page on www.bohlish.com are shown below

Name    Date      Hi     Lo   Close
CC07U   7/20/07  2112   2097   2099

Following are a comparison of the results calculated using equations in this article and those published today (Monday 7/23/07) by my commodities broker.

                                             Pivot    S1       R1       S2       R2
Calculated using equations in this article:  2102.7   2093.3   2108.3   2087.7   2117.7
Published by my commodities broker:          2101     2091     2106     2086     2116
Calculated S1,R1,S2 & R2 if we use 2101 as the pivot: 2090     2105     2086     2116

Bottom line: the equations look very close, but they're not exact.
--Brittlowry 14:06, 23 July 2007 (UTC)