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Old Nov 18th, 2010, 03:12 PM   #91
Instynct
 
 
Join Date: Dec 2007
Posts: 1,970
out 38.5
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Old Nov 18th, 2010, 03:20 PM   #92
Instynct
 
 
Join Date: Dec 2007
Posts: 1,970
Quote:
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.
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Old Nov 18th, 2010, 03:28 PM   #93
Arthur Deco
 
 
Join Date: Jun 2004
Posts: 1,898
A wise trader does not "share his perspective" on any element of his trading which contributes to his profitability, no matter how trivial it may seem.
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Old Nov 18th, 2010, 03:28 PM   #94
Instynct
 
 
Join Date: Dec 2007
Posts: 1,970
L 37.5 last trade
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Old Nov 18th, 2010, 03:33 PM   #95
Instynct
 
 
Join Date: Dec 2007
Posts: 1,970
out 35
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Old Nov 18th, 2010, 03:39 PM   #96
Maverick1
 
 
Join Date: Jun 2002
Posts: 528
Quote:
Quote from Arthur Deco:

A wise trader does not "share his perspective" on any element of his trading which contributes to his profitability, no matter how trivial it may seem.
By bringing attention to the convergence you mentioned, are you adhering to said wisdom? Or would it be more consistent to contact the OP privately?
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