Quote:
Originally Posted by Unregistered
topicstarter of the Resistance and Support lines
I couldn't agree more with you. Pivot are not only quite useless, the average efficiency on pivot trades is already 1 reason not to touch/read/do anything with Pivots again.
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Hi all, and you too unregistered dude.
Pivot Points do have a purpose and a use.
If you expect the market to automatically turn at those points. This is not the proper use. On the "
indicator post" on my blog I explain how PP are used by market makers and
my opinion of their merit.
Happy Trading
Ektrader