Tuesday, March 06, 2007

Pivot Point Crazy

Quote Tracker has 4 different methods of generating pivot points and if you ever want to go absolutely bonkers - select them all.

The 4 methods are "Floor" so called because they were the first. "Woodies" and I haven't a clue who Woody was. Camarilla and this was invented by a bond trader, Nick Stott, back in the '89 and apparently a couple of sites have made a small fortune selling access to a calculator - hopefully a really small fortune ($189 a month - bet me). The last is the Demark pivots and I know of Tom Demark and have read several of his books and he is OK.

If you don't want to spend the 60 bucks a year for Quote Tracker there is an absolutely free calculator here that calculates all of the pivot points plus the fibbi lines.

I'm going to try the Camarilla method for a couple of days - I'll let you know what I think.

5 comments:

Habben said...

http://www.woodiescciclub.com/index.html

Not that your life will be enriched by knowing...

Marlyn Trades said...

Thank you - I see that he already violates my core principle which is use the right time frame for the trade you are doing not the trade you want to do.

I've never worked with CCI much - It's another on my long long list of things to investigate - someday.

Anonymous said...

Hello. And Bye.

Anonymous said...

good day fellas. I'm actually into shoes and I have been looking for that particular brand. The prices as regards the sneakers are about 210 pounds on every page. But definitively I bring about this locate selling them for half price. I absolutely want those [url=http://www.shoesempire.com]gucci sneakers[/url]. I will probably purchase these. what can you say about it?

QUALITY STOCKS UNDER 5 DOLLARS said...

Nice name