Re: Pivot Point Discussion
Hey PP! Good to see you again!
Very interesting post.
Here's my question for you - what exactly do YOU use in deciding what lines to draw? What I mean is, you've pointed out there's a number of different methodologies to apply here - pivots, fibs, etc. etc. - and if you draw too many your chart is just littered with lines.
So how do you filter what to do use and when?
That was my biggest issue when using fixed lines as you've illustrated here. I tried pivots with MP numbers and some days they looked great and others there would be hardly any trades at all. OR after a big move day the numbers were so far apart that again, little to no trading took place the following day. Maybe that's simply a function of the system, but I could not get it to work no matter how hard I tried...
I'd love to see more charts with exactly what numbers are being used and on multiple markets.
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