ripley
I was being facetious in my answer. But indeed later i will take the time and give a quick synopsis of how i use pivot points. Myself i find there usefulness as a valuable tool with my trading the ES on a 5 minute chart.
My two friends (HA) bitstream and maverick like to attempt to disease my use of TA as hogwash. I surely rub some people the wrong way at times but the true intention is to be of help to some traders. Some people like to criticize and belittle others without actually contributing much else. Traders in general would do themselves and others good by looking in the mirror once or twice and think about being harder on themselves first.
I myself can say i have "been there , done that", it is useful especially when trying to look into ones own mind and look for self improvement.
Persons that know me in real life know where i am coming from when i make a smart ass remark etc. simple words like "OK, get serious" will get past any jovial response in a flash. Bitstream and to a much lessor extent mav have not tried that yet.
If bitstream thinks i am in a contest with him he is sadly mistaken because there are better things to spend time on. i look at his ramblings as jealously and that is a shame because in the chat room i see his posts about trading and in my mind they have no rhyme or reason, more like throwing darts. So enough about him and as stated, later i will give a decent response to your question. it is a wise man/women that asks questions and attempts to help ones self rather than just be a pain in the ass . thank You. Later.
PS, took a quick look at other responses and WHISTLER is in the ballpark. pivot points indeed work best from a pit trading point of view. Pit locals especially in SP, NQ are still using pivot points today. They in general use these levels in between the pp's as where the price is possibly going to travel until price hits the next support/ resist level. Makes sense, and THEY WORK more times than not. Nothing is a sure thing in a game of probability. moer to follow tomorrow. Be safe out there. later (building a new pc, two chip operton job, never did a 2 chip buils before, it is fun putting them together, this pc is going to be my order entry and charts pc combined). The old ones will serve as backups.
I was being facetious in my answer. But indeed later i will take the time and give a quick synopsis of how i use pivot points. Myself i find there usefulness as a valuable tool with my trading the ES on a 5 minute chart.
My two friends (HA) bitstream and maverick like to attempt to disease my use of TA as hogwash. I surely rub some people the wrong way at times but the true intention is to be of help to some traders. Some people like to criticize and belittle others without actually contributing much else. Traders in general would do themselves and others good by looking in the mirror once or twice and think about being harder on themselves first.
I myself can say i have "been there , done that", it is useful especially when trying to look into ones own mind and look for self improvement.
Persons that know me in real life know where i am coming from when i make a smart ass remark etc. simple words like "OK, get serious" will get past any jovial response in a flash. Bitstream and to a much lessor extent mav have not tried that yet.
If bitstream thinks i am in a contest with him he is sadly mistaken because there are better things to spend time on. i look at his ramblings as jealously and that is a shame because in the chat room i see his posts about trading and in my mind they have no rhyme or reason, more like throwing darts. So enough about him and as stated, later i will give a decent response to your question. it is a wise man/women that asks questions and attempts to help ones self rather than just be a pain in the ass . thank You. Later.
PS, took a quick look at other responses and WHISTLER is in the ballpark. pivot points indeed work best from a pit trading point of view. Pit locals especially in SP, NQ are still using pivot points today. They in general use these levels in between the pp's as where the price is possibly going to travel until price hits the next support/ resist level. Makes sense, and THEY WORK more times than not. Nothing is a sure thing in a game of probability. moer to follow tomorrow. Be safe out there. later
(building a new pc, two chip operton job, never did a 2 chip buils before, it is fun putting them together, this pc is going to be my order entry and charts pc combined). The old ones will serve as backups.