Pivot point the holy grail ????

Hii traders , i wanna know what you think about importance of pivot points and if they really are worth it ?????

Off course they are... easy to locate and very powerfull signals to follow.

I do talk about Daily Key Level.

i'm using pivot point weekly

It helps for trading,but it's not a holy grail, that's for sure...

No, holy grail it is not, but it is very useful information at times.

same here @jesienoor i think they are very powerful in weekly timeframes but bro i have one doubt

Pivot points are good sometimes but I consider them the weaker indicators. Its best to use it in conjuction with an overbought/oversold Fib ratio and compare MNTH, WEEK, DAY pivot points. Pivots are not good alone. Many times they are right on and other times they are off.

Basically what you said Species is they are worthless. 'Many times they are right on and other times they are off.'

I would use them to give you an idea of where th market could go. But I would match it with an Golden section 1.618 phi or a Golden section 2.618 Phi.

The 'idea' is the key. Just an idea. AND/OR use as an intraday indicator anyalize the market movements or to add lots or to know where to put stops thiss kind of thing.

Its value is also that its not Fib related. Its a leading indicator but its a reliable unreliable indicator. just my humble thoughts.

@CrazyTrader bro are pivots the main basic of your trading??