I am talking about regular pivot point on dec es, what am I missing? Mav I think you are talking pivot range no.
ok, will make sure I mention that in the future. Anyhow I am always watching the daily pivot, we have an inside day so far.
you have the right idea, you have trend and reversion days, think of it from a market makers point of view, when the mkt takes off and goes directional as it did this morning where are they gonna cover, granted there are a lot of arbs/hft out there, the directional move creates the reversion to the mean if you will, that's what Baldwin was talking about in the article I put up a few weeks ago. If you can solve this problem you are likely to be very wealthy. Good trading.
as a side note I would add that the large directional moves like the move from early august. If you are doing a reversion trade leveraged well as they say when the tide goes out you see who is swimming naked!
to me all of Fisher's strategies are breakouts, you want to get stopped out for a small loss when you are wrong, the reversion lets say to the open is what kills this type of trade.
So it looks like the spoos bounced 10 handles of the bottom of the daily pivot range. Interesting side note, we have traded the entire session inside the daily pivot range. We're trapped!