Quote Originally Posted by happy View Post
Billy, first off ... thank you so much for your daily and intraday commentary ... it is GREATLY appreciated!

question for you ... from a discretionary perspective ... looking at the multi-timeframe pivots would imply we have much stronger resistance than support at the robot's limit price. I'm wondering again why the discrepancy. Is the pivot methodology a shorter term time frame (i.e. today is bearish, but the next three days are bullish) OR are you in a sense ignoring the pivot confluence levels and looking more so at the r/r ratio for the robot trade this time around?
What do you call by "much stronger resistance than support". What numbers do you refer to?

For the robots, the decision on the trade direction is not taken by the pivots. It is taken by the statistical table (probability analysis). Then, once this is decided, it is the pivots that give the best entrance depending on the strength of the different floor levels.


Pascal