|
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.
|