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Re: Floor Trader Pivot Points



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Bob Hunt wrote:

>These
>parameters can easily be included in your code, but for starters, I
>wouldn't worry about adding this extra level of complexity. However,
>you might want to look into it when your level of proficiency
>improves.


As Bob should know very well, the market is just not that accommodating.
You cannot be that cavalier and say "wouldn't worry about adding this extra
level of complexity" because either it is an essential ingredient with
regard to the working of the market or it isn't.  If the Pit works in a
particular fashion - which indeed it does - and you are simply ignoring it
until "your level of proficiency improves", you are very likely to be
history before you apply the knowledge.

It is a free world and Bob can do what he likes with the service he is now
selling to the members garnered from this list, as of Monday.   But it is
just this sort of attitude from those who attempt to leech money off those
trying to learn, that was a powerful motivation for me to write a complete,
one-off manual.  That way people learn as part of a total budget cost.

The Pit Pivot system has to be understood and used properly, along with
other basic and fundamental points.  It is vital knowledge.  It is one good
reason that I provide a free computer disk, with the manual, with it all on
it.   It is not a 'come-on', like some free leaflet, to get you plugged
into an on-going subscription.

It is the weekly, monthly and quarterly subs for follow-me services which
gnaw away at a trader's sinews, while he is still trying to grasp what is
going on, that becomes a real killer. As for keeping essential knowledge
back until... that only puts more money in one pocket.  Either learn to
trade a proper discretionary method or buy a proven computer system, if
that is preferred.   But for heavens sake learn to trade for yourself,
rather than being reliant on a daily fax sheet to keep you going - in the
end there will only be one winner and that is the provider.



Bill Eykyn
www.dbceuro.com/bille.htm