Registered: Dec 2007
11-18-10 08:20 PM
Quote from Arthur Deco:
Some kindly advice from an old man. I don't believe that it is widely accepteded that pivot/vwap convergence is significant. If you believe it yourself, why give it away? You have suggested it in an obscure forum, so maybe no harm done, if it IS significant. And think hard about whether you would rather look smart in front of complete strangers or make money anonymously.
There is nothing special about pivot, VWAP, or the convergence of the 2. It's just another tool. By sharing my perspectives, I was not trying to imply that I have the holy grail indicator or method, but rather just sharing how I think as a descretionary trader. That's all.