Ammo-- once again-- I am not talking about "floor trader pivots" or the like which are derived from mathematical equations involving high low close etc. I'm talking about key swing pivot high/lows on a chart... these are 100% absolute. Floor pivots are highly unreliable in my opinion... Slap them on any of my high beta equities and Ive got nothing but noise all day long trading thru them... and I contend this is because there are a wide variety of calculations they are derived from.. hence not absolute.
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I would like to discuss averaging down
- Thread starter Daring
- Start date
Ammo-- once again-- I am not talking about "floor trader pivots" or the like which are derived from mathematical equations involving high low close etc. I'm talking about key swing pivot high/lows on a chart... these are 100% absolute. Floor pivots are highly unreliable in my opinion... Slap them on any of my high beta equities and Ive got nothing but noise all day long trading thru them... and I contend this is because there are a wide variety of calculations they are derived from.. hence not absolute.
Quote from ammo:
this is ridiculous, please supply actual numbers , empirical data , this hypothetical non answer is bs,it's far easier for you to do it than for me to sign up to some service, then promote it on ET,sifting thru multiple vendors,decoding , please stick it in the reply box here
ammo -- what are you rambling about here? Your post is practically incoherent.
Quote from ammo:
its a summary of your posts,i need to add that averaging is the one and only way to trade,do i sound ridiculous...and what is your formula for these absolute pivots
Look ammo--your feathers are ruffled... I get it... however--you really should learn how to not take this stuff personally.
You continue to ask the same question over and over about pivots... I have addressed it over and over and will not humor you by repeating myself yet again. My detailed multiple replies are right here in this thread.
Do you have any other unique questions for me that haven't been asked... that I haven't already addressed?
Quote from riffrafffpatrol:
Ammo-- once again-- I am not talking about "floor trader pivots" or the like which are derived from mathematical equations involving high low close etc. I'm talking about key swing pivot high/lows on a chart... these are 100% absolute. Floor pivots are highly unreliable in my opinion... Slap them on any of my high beta equities and Ive got nothing but noise all day long trading thru them... and I contend this is because there are a wide variety of calculations they are derived from.. hence not absolute.
BUMP FOR AMMO
you mentioned pivots, empirical, absolute,sorry i did not google them since it would be a fools errand, just explain these pivots in detail that are absolutely the cats ass,i can look at them and maybe i will learn something..not asking too much,the pivots i did look up were daily hourly,30 minutes,camerilla,what are yours exactly ..as far as personally ..the averaging gets a bad rap by a lot of folks who haven't succeeded at it...i've posted hundreds of live trades averaging..caught a lot of flak..and had all but 15% come in ..on average thats 1.8 bad months a year.that loss per month is equivalent to a winning month,so do the math...i am asking honestly what exact formula are your pivots based on,i use market profile for my supp/res,but a 3 yr s/r has several smaller 30 day or 3 month or 10 day s/rs in between those,so matching those against a fib, or tl or another s/r in transports or dollar,or aapl,bonds,makes sense,i have nothing against trying these pivots,if they work,it's another tool in the box,just unclear what you are using,because my 3 yr vs,3mo,vs 30 day vs 10 day vs hourly, there is nothing absolute about itQuote from riffrafffpatrol:
Look ammo--your feathers are ruffled... I get it... however--you really should learn how to not take this stuff personally.
You continue to ask the same question over and over about pivots... I have addressed it over and over and will not humor you by repeating myself yet again. My detailed multiple replies are right here in this thread.
Do you have any other unique questions for me that haven't been asked... that I haven't already addressed?
Quote from Zr1Trader:
Ammo,
Picture this...
oil goes up say .40c or more, followed by oil going down .40c or more. The swing high of that sequence is the pivot.
it doesn't have to be .40c but should be large enough to be a significant pivot(swing) that a lot of others will be looking at. Where ever the price stops going up and reverses is the absolute that everyone can see on their charts. [/QUOTE ...born in 1856
if they never get there for the rest of the day are they pivots or uselessQuote from Zr1Trader:
Ammo,
Picture this...
oil goes up say .40c or more, followed by oil going down .40c or more. The swing high of that sequence is the pivot.
it doesn't have to be .40c but should be large enough to be a significant pivot(swing) that a lot of others will be looking at. Where ever the price stops going up and reverses is the absolute that everyone can see on their charts.
Jesse livermore also called these swing highs/lows pivot points.