Quote Originally Posted by Andrei View Post
Congratulations on the brilliant setup, Billy!

I assume that your methodology of mutlitimeframe pivots can be applied to any stock or ETF. In this light I'll probably take some time on the weekend to identify potential support and resistance levels for US Dollar and Euro ETFs. Do you think it is viable idea? Or rather not, as market makers obviously don't trade currencies by ETFs, so those levels will mean nothing?

Regards.
Andrei,
The multi-pivots are very effective in Forex. See John Person's books and website for this.
But you'd need to do such an analysis on Forex Futures with adjusted continuous contracts. I'm afraid ETF analysis would be a complete loss of time and even misleading since the pivots are very sensitive to the close, highs and lows. ETFs will give you the close, highs and lows for only 6 1/2 hour a day while Forex is open 24/24.
Billy