Which Time Frame and which pivot points?

Beginner Questions
1

Hi,
If I am trading on M15 chart, so I should use daily pivot point or M15 Pivot points? And is there any good custom indicator for pivot points?

2

dear friend

please study [B][U]this[/U][/B] before trading.
Your question seems to be out of space, except if you are joking.
In case you are joking, again read [B][U]this[/U][/B] first; by graduating you will know what is funny and what isn’t, really.

3

:wink: It seems like a joke. LOL…
I asked that question because I am using a custom indicator which calculates the pivot points. I am using this indicator on M15 Time Frame Chart. This indicator has an input field “From Time Frame”. As you can see in the image I have uploaded. The default value for this field is “D1”. So should I change it to M15 as I am not trading on D1 chart, but on the M15 chart.
Thanks.

awsk1.jpg700×438 40 KB

4

Better to switch it to M15 with pivots. But if you doing scalping, pivots will not play a major roll.Pivots will give you a overall picture.I have experience that’s why I am telling.

5

Yes I thought to scalp with pivots. Thanks

6

Answers to questions like this will differ from trader to trader as there is no right or wrong answer. What works great for one trader may not work as good for another which is why you need to determine this. Another reason why taking the time and money to develop your own strategy is very important in my opinion.