The December issue of SFO magazine has a big story about using floor trader pivots by John Seckinger and I have noticed there are more and more stories about FTP's outside of this forum.
The floor trader pivots in various forms have been around for a while but until reading funky's success with them I mostly dismissed trying to use them after a cursory look some time ago. I had also previous seen some articles saying floor traders had moved on to more sophisticated methods since PDA's and other portable computers became available.
However, with articles starting to appear in major trader publications too many may start jumping on these FTP's. And, we all know if a method or tool becomes too widely used that it eventually stops being a viable tool.
Maybe we are at the point where enough people are using them that they are self-fulfilling turning points but as more start using them they will become less viable.
Wally
The floor trader pivots in various forms have been around for a while but until reading funky's success with them I mostly dismissed trying to use them after a cursory look some time ago. I had also previous seen some articles saying floor traders had moved on to more sophisticated methods since PDA's and other portable computers became available.
However, with articles starting to appear in major trader publications too many may start jumping on these FTP's. And, we all know if a method or tool becomes too widely used that it eventually stops being a viable tool.
Maybe we are at the point where enough people are using them that they are self-fulfilling turning points but as more start using them they will become less viable.
Wally
