Fisher's Late Day Point C Pivot trade in crude today

Discussion in 'Technical Analysis' started by riskette, Oct 4, 2006.

  1. riskette


    I'm new to using Mark Fisher's ACD methodology from his book "Logical Trader," but it looked like a late day point C pivot trade in crude today. Trade pushed down from the opening range, made a new low, then traded back up through the OR and through the pivot range late in the day. I guess it wasn't a picture perfect one because there was still an hour left in the session for the shorts to cover, but up it went. Hope someone else caught it too. Loved it.
  2. Tyren


    Yes, but the pivot was big. Small pivots are better. And... it was against the trend.
  3. Surdo


    Crude has a trend?
  4. Tyren


    The trend is down in daily bars.