09/30/03

Just a thought, but maybe a little less whipsawing if you weren't just relying on pivot points?

 

...thanks. Learn something new every day. I'm in LA myself. - Mike

 

not really. here's my setup if you are interested.

 

ooops, i done it again....

long from 99.54 pivot when it held support. last stop move was to 100.08. still long. might take this into the close.

 

Lows of the day, and then grinding higher with new highs coming after EST lunchbreak.

 

that's what a blowoff will do, almost every time. just a slow march backwards....we'll see if the 100.33 pivot holds....

 

stop at 100.29

 

out +70 cents....ok ok now i'm done.

edit: i admit we're riding up the ma's right now, and that's great and dandy, but i've already got $2 today so i got other things to do, ya know?

 

Quick question - I'm probably missing it, but are the "pivots" you're referencing shown on the chart?

Can't tell from your chart where they are - looks like you've got horizontal lines drawn about every 20 cents or so. Are those places you're looking for "pivots"?

Thanks for any clarification.

 

yes, those horizontal lines are the predetermined #'s for the session. positions all taken within 3 cents of a line.