Thanks Walter. I want to make sure I understand your comments. Are you saying that once a level is drawn it stays valid throughout the day? It doesn't matter if price passes straight through it the first time around, it could become provide support or resistance later on in the day? I guess my question comes down to knowing how long a level stay valid and when do you decide its time to erase that level off the chart? Sorry to bombard you with so many questions. I really like this topic. Thanks again.
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Nyc, the size of a pivot may vary... specially depending on the market volatility... spoting V`s its something I have been doing almost by instinct, so I am on the process of discovering how do I spot them... any way, a V should pop on your eyes... I will try to post as much possible here...
Important levels is a diferent story, you can see a lonely pivot from 2 hours ago now being tested for the third time (example)... and if there was a great break from one of this level some hours ago and we are coming back to it, thats an important decision area... cheers Walter. |
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