Re: Pivots, Posts, Sensibility, and.... Trading.

[Harley Meyer <meyer@xxxxxxxxxxx>]

Peter2150@xxxxxxx wrote:

> Harley.
>
>           I wasn't asking for something for nothing as I didn't ask
> anyone to
> reveal what they were doing, just that they were doing it.
>
>          Your comment about math studies would be right if we were
> dealing
> with math studies. But we are not.  Math doesn't place buy and sell
> orders,
> people do, and much of what they do is based on pure emotion, fear and
> greed.
>   It isn't math that makes prices stop at a certain price, its what
> people
> think about that price.  Yes you can apply math studies to that price
> action,
> but that action was determined by people taking action.   How would
> you
> explain exhaustion bars mathematically.  A good example of pure
> emotion.

I am not sure how to respond to this. You are telling me there is no
math involded.
I could go on with this but I feel it isn't constructive. We see things
differently. I respect your point of view. I don't deny that emotion
doesn't play a part. I am saying that there is a great deal of insight
into discrete mathematics. Everything in TA is math. How one handles it
is another thing.

>          By the way if you want to add something else very interesting
> to
> your pivot study, take a look at the opening price.  In the futures
> anyway it
> is a remarkable support, resistance line.

Since I am always open to any suggestion, I will be happy to look at
opening prices. But you need to point me in some direction. Or give me
some idea what you are suggesting.

Harley