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I've been having trouble getting your pivot #s to match mine. What session times do you set?
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I take the 35 & 50% levels from the NY close @ 5.00pm EST.
The only times we'll adjust those % guides are: if/when prices begin to extend their "normal" range parameters.
But for most of this year, normal (inside) range activity has contained prices sufficiently enough for us to look for rebounds away from those 35-50% barriers.
On another note, we've yet to experience any meaningful retracement activity on this current leg up. Worth keeping your Fib guides plotted on the swings to assist any aggressive reversal behaviour as & when prices get spooked at these lofty heights.
It won't take much for emotive reaction to accellerate once folks begin to get a little freaked with the buck stretched to it's limits. Often, all it takes is a small displeasure in the "expected" data to unravel prices. Once that occurs, human emotion takes over & all hell breaks loose.
I usually keep the 240m chart highlighted with the near term (price) s&r levels + appropriate Fibs plotted to help guide potential stall area's...that way, I can then drill down to smaller timeframes & look for relevant lower top/higher bottom activity for triggers.
