Traders Laboratory - View Single Post - YM pivots: fairly useless recently?
View Single Post
  #1 (permalink)  
Old 05-30-2007, 07:27 PM
notouch's Avatar
notouch notouch is offline
notouch has no status.

 
Join Date: Jan 2007
Posts: 539
Thanks: 0
Thanked 3 Times in 3 Posts
YM pivots: fairly useless recently?

It seems to me that YM pivot points have been fairly useless in this whole uptrend. I can recall only a few days in the past few months where a pivot point has given a decent trading opportunity. I hardly even look at them any more and instead concentrate on previous highs/lows, high volume zones, fibonacci retracements and Market Profile. I think pivot points are more suitable for ranging markets. Weekly pivots on the other hand have been fairly useful.


Last edited by notouch; 05-30-2007 at 07:48 PM.
Reply With Quote