Are pivots useful ? a statistical response

Discussion in 'Trading' started by fortuna, Oct 5, 2003.

  1. fortuna

    fortuna

    That is extremely interesting

    I check what the stats say about time pivot.

    It is true that I intuitively find that the best pivot signals are the first ones
     
    #31     Oct 22, 2003
  2. fortuna

    fortuna

    just sold esz3 on the pivot let's see
     
    #32     Oct 23, 2003
  3. Getting long in the morning and selling at today's PIVOT made you roughly 10 points.

    Reversing at the PIVOT and going short just made you another 8 points.

    Total: 18 points

    :D
     
    #33     Oct 23, 2003
  4. funky

    funky

    what about all the other moves in between? :)
     
    #34     Oct 23, 2003
  5. I think my software may be plotting the numbers wrong or we are looking at different things. Are you talking about the ES today, Thursday?

    Could you and Funky look at your numbers and see if these are the same:
    s2 1021.38
    s1 1026.50
    p 1031.62
    r1 1036.75
    r2 1041.88

    thanks,
    jd
     
    #35     Oct 23, 2003
  6. Funky, you seem to have a solid handle on trading the pivots. Do you have any charts of your trades you can post? I saw this question on an earlier thread, so if you posted elsewhere just point me in the right direction. Thanks!
     
    #36     Oct 23, 2003
  7. You may want to try this calculator to compare vs. your software

    http://www.r7.com/pivotcalc.htm

    You can use the settlement numbers from here-

    http://www.cme.com/dta/hist/daily_settlement_prices.html?type=idx
     
    #37     Oct 23, 2003
  8. funky

    funky

    kgharris....thanks, i was asked this a bunch of times and unfortunately when i started annotating the charts it became very clear what my strategy is.....so its a no go on the charts, sorry!

     
    #38     Oct 23, 2003
  9. I don't understand? You have some proprietary strategy so as you cannot share charts?

    Seems odd - do you really think that showing charts would have an impact on your trading?
     
    #39     Oct 23, 2003
  10. funky

    funky

    honestly, i have no idea if it would make a difference. but i don't want to find out! PM me....

     
    #40     Oct 23, 2003