Pivot Point Secrets

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

So, what’s the deal with pivot points?

Are they helpful?

Useless?

Look at this Youtube.com video and then I’ll give my thoughts . . .

http://youtube.com/watch?v=CUqnMqeH6MY

Okay, here’s my idea on pivot points. There is no magic. No magic. However, they give you the ability to put a framework or reference on the market.

Because of that they are useful. But pivot points aren’t the word of God. They’re just something to help you see the market and notice what’s happening dynamically with a static frame-point.

That’s a good thing. Our minds have difficulty with truly dynamic systems. We need a reference point. (No, I’m not going to give you all the proofs for that now. Just take my word for it, and argue with me later if you disagree.)