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Any coder should be capable of detecting pivots of appropriate strength. TS4
was incapable of handling the amount of code required for actually
identifying the trading relationships. I have long since moved to entirely
discretionary trading and working the pivots with my brain in both
directions gives me a feel for the market which I find works to my
advantage. There are times when these pivots should be traded and times when
they should not e.g. a choppy sell setup for re-entry of the short position
failed this afternoon on the 2 minute chart and I could feel the failure
happening quickly enough to hold the loss to 1-1/4 handles. I would have
posted another chart at the time but there didn't seem to be as much
interest in Symmetry as there was in the moon and D-pivots.
Earl
----- Original Message -----
From: "John Nelson" <trader@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, May 24, 2001 6:46 PM
Subject: RE: [RT] Symmetry
>
> Excuse my naivete', but can these pivot points be generated AND PLOTTED
> automatically? Is it an art or a science?
>
> -- John
>
>
> -----Original Message-----
> From: EAdamy [mailto:eadamy@xxxxxxxxxx]
> Sent: Thursday, May 24, 2001 7:46 AM
> To: Realtraders
> Subject: [RT] Symmetry
>
>
> Here's another one coming up on 30 min spoo. Horizontal blue line from
left
> pivot low represents support which happens to coincide with 62% expansion
of
> first decline - thick green line on right. I will be taking profits on
short
> position just above the blue line at 128350 and look to re-establish the
> short position as it retraces back toward the blue line from the pivot
high
> to immediate left of the pivot low.
>
> Earl
>
>
>
>
>
>
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