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Old 03-08-2007, 02:08 PM
dalby dalby is offline
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Re: MP on excel

this is one of the things i dislike about MP - is that people get so dogmatic about it.

i use MP. i also use floor traders pivots.

they BOTH work.

but so many times, I see adherents of MP theory saying that various NON MP levels are "arbitrary" or some such

floor trader pivots were invented, and have been used by floor traders for decades.


i could sit and cherry pick charts that would (falsely) "prove" that MP levels don't work either.

fwiw, despite many claims, MP also has "arbitrary" aspects to it. why should 70% be the value area? why not 75% 65% 50% etc.?

it's just as arbitrary.
it works, that's the point

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