At What Point do Pivot Points Lose Their Significance

[Crude Oil Trader]

One of the great traders over on Facebook [Ryan David Evans] brought up the subject "at what point in any market do pivot points tend to lose their significance (time frame)"?

So I am curious, just how much do you lean on pivot points for entry and exit points in crude oil and natural gas? Or any market, commodity or Forex ?

[ryan]

Along with periodically checking the daily fundamentals I pretty much use them as guides with other indicators for short term momentum. I'm still trying to find in the Forex market a time frame where I can safely rely on pivots as price guides throughout the day. For example, right now I'm monitoring a simulated long position in USD/JPY based off of R3 calculated from a 4 hour chart. So far its looking good, but honestly I tend to change strategies quite often...