I like to trade using lines. Lines define support and resistance areas. Lines can be straight, curved, horizontal, vertical or angled. I see them as magnet areas and action/reaction areas. They attract price to it and when price gets there we get a reaction. Pause sometimes but then repelled back from where it came or allowed to pass through and on to the next magnet. 

Floor Trader Pivots are calculated many ways. I use the calculation used by most traders. I don't feel there is any magic to the calculation. The effectiveness is a self fulfilling prophecy concept. The more watching a line the more dependable the reaction. These are the pivots used by many pit traders.

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NQoos Trading Rule: (I do not have many. This is one.)

One of my trading rules regarding Floor Trader Pivots. Once price is within 2 points of either R3 or S3 I will not initiate a Long or Short respectively. These pivot levels are a good indication of maximum range for the day. Yes, price does at times exceed these levels. If I am going to be aboard for that ride it will be with an entry before these levels are reached.  (amended except is FOMC day...LOL...ESPECIALLY WHEN PRECEDED BY AN NARROW RANGE DAY)
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  PAST FLOOR TRADER PIVOT CHARTS
 
FOCUSING MY ENERGY IN DIFFERENT AREAS. WILL NOT BE POSTING THIS DAILY FOR A BIT

Floor Trader Pivots for 100303

Floor Trader Pivots for 100203

 

Floor Trader Pivots for 093003

 

Floor Trader Pivots for 092603

Floor Trader Pivots for 092503

Floor Trader Pivots for 092403

Floor Trader Pivots for 092303

Floor Trader Pivots for 092203

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Floor Trader Pivots for 091903

Rev H&S TARGET HIT TODAY and new Triangle target  hit

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Floor Trader Pivots for 091803

Rev H&S TARGET ALMOST HIT TODAY Triangle target hit
 

Floor Trader Pivots for 091703

Rev H&S TARGET ALMOST HIT TODAY

Floor Trader Pivots for 091603

Floor Trader Pivots for 080103

Floor Trader Pivots for 07/30/03