Are pivots useful ? a statistical response

fortuna · Oct 22, 2003

Quote from funky:

there are many ways to make money with floor pivot #'s. in fact, i have been experimenting alot with this and have come up with many different strategies. soon you will be trying to figure out which strategies fit your personality. some will have smoother equity curves than others, but are a bit more conservative; and vice versa.

a good goal would be to capture the daily range. see how you can achieve this by using the 'time pivots' along with the floor pivot #'s.

good luck!!

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

fortuna · Oct 23, 2003

just sold esz3 on the pivot let's see

waggie945 · Oct 23, 2003

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

funky · Oct 23, 2003

Quote from waggie945:

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

what about all the other moves in between?

JackDaniel · Oct 23, 2003

Quote from waggie945:

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

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

kgharris · Oct 23, 2003

Quote from funky:

what about all the other moves in between?

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!

goforwand · Oct 23, 2003

Quote from JackDaniel:

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

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

funky · Oct 23, 2003

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!

Quote from kgharris:

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!

kgharris · Oct 23, 2003

Quote from 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!

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?

funky · Oct 23, 2003

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

Quote from kgharris:

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?