09/30/03

Quote from funky:
took my position long at the 945 pivot #....100.33 on SPY....countertrend entry. was looking good until 951, when i reversed position at pivot # 100.33. was short until pivot # 99.55 failed and reversed for 1030 reversal (albeit a bit early, but i always reverse after failure of first good move in morning). that was looking good until it failed and again i reversed at 99.55 for a short down to the TRUE reversal of the morning at pivot # 99.35. reversed there to go long at 99.35. out at 99.70.
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Just a thought, but maybe a little less whipsawing if you weren't just relying on pivot points?
 

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Quote from ArchAngel:


Just a thought, but maybe a little less whipsawing if you weren't just relying on pivot points?
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not really. here's my setup if you are interested.
 

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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.
 
Quote from waggie945:

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

:D
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that's what a blowoff will do, almost every time. :) just a slow march backwards....we'll see if the 100.33 pivot holds....
 
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?
 
Quote from funky:
not really. here's my setup if you are interested.
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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.
 
Quote from ArchAngel:


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