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Showing results for tags '[pivots]'.
Found 3 results
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[pivots] Tech Axiom - Mean Reversion: Price to Volume
Tradewinds posted a topic in Technical Analysis
I'd like people to post data that includes a match up of the Price Mean Reversion to the Volume Mean Reversion, the ticker symbol, and the percentage of the time that the two are in sync with each other. Also define how the original starting point for the beginning of the reversion is found. For example, is the starting point for the price mean reversion a swing high or swing low, and how do you define a swing high or swing low. Also how is the volume high defined? For a mean reversion, both the high and the low need to be known in order to find the mean. So there is also a range that needs to be defined. Please also vote in the poll. -
Hello all, I just discovered a website by Rick Ackerman who has a trading method that looks interesting. Maybe not interesting enough to shell out $990 to get all the details, but worthwhile enough to check out the free stuff. He's got a free video at this address which gives a teaser of what he does: http://www.rickackerman.com/video/ Here's what I've been able to figure out so far: His basic trading setup is the AB=CD pattern which is so familiar to most folks. However, he seems to have some interesting twists to it. His AB leg (which he calls the "impulse leg") has to exceed at least two prior pivots---an "internal" pivot which is a pivot prior to the pivot A in which price is going in the same direction as the AB leg, and an "external" pivot, which is a prior pivot to the pivot A in which price is headed in the opposite direction from the AB leg. I'm guessing he has some rules for how you pick those pivots. He then waits for the BC pullback, and he enters as the CD leg is starting to form. No doubt he also has rules for how to enter the CD leg. Something he does that's tricky is he chooses what he calls "subtle" impulse legs. They're "camouflaged", meaning that you wouldn't necessarily think of them as the beginning of tradable moves, and this is what gives him an advantage, so he says--because he's entering the market at trade locations that don't look attractive to the majority of traders (his examples do seem to bear out his belief). The key, I'm guessing, is in the strict rules he applies to these impulse legs--they have to exceed at least two prior pivots, an internal and an external. Another key feature that must be part of his system is a strict set of rules for choosing your C pivot, because his examples show that he is entering the market very soon after that C pivot forms, so he has to know very precisely when he's got a true C pivot and not just some random wash and rinse in the market. The thing I like about his method is that it is based strictly on price action, and therefore doesn't get in the way of any other method that you care to apply over top of it, such as VSA, or pitchforks, or indicators, or whathaveyou. My plan is just to study these impulse legs that he describes and see if I can find them in real time, and in time enough to trade them. If anyone has any further insight into Rick's methods, or has actually taken his course, any and all comments would be most welcome. I've posted a few charts to show his method the best I can, given the fact that I'm trying to smoke it out of his free material. Probably not fair to him, but maybe useful to some of you. I hope. Cheers, Tasuki
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For the past few days I have been listening to CME trader Jack Broz's opening bell discussions. After an initial overview he goes down to the floor to get the daily pivots from the traders there for the S&P 500, Bonds and Dow cash. The numbers he comes back with have no correlation to any pivot formula I currently know. Can anyone figure out how these figures are calculated? Pivots for S&P500 for Fri. Feb. 15/08 1357.25 strong resistance 1350.75 1347.50 1339-1340 Daily pivot area 1333 1328 1323 1320.50 strong support Obviously, if these are the support and resistance levels the floor traders are using - I need to retool. And yes, I have asked Jack how they are calculated and he says he doesn't know he just uses them.
