[mong]

nice james. i've done a little work with levels. i always found the charts fill up quickly and become unreadable. so sure clusters (confluence) is the way to go! i've attached a spreadsheet i use to do just that.

it calculates varies levels:
fib 161.9%
fib 123%
fib 61.8%
floor pivots r3
floor pivot r2
floor pivot r1
wkly fib 161.9%
wkly fib 123%
wkly fib 61.8%
wkly floor pivots r3
wkly floor pivot r2
wkly floor pivot r1
60min pivot range low
Lst.wks.low
y'day low
60min.floor pivots r3
60min.floor pivot r2
60min.floor pivot r1

60minLow
wkly pivot range low
dly pivot range low

it then cross checks each level with the others using a tolererance/sensitivity. the current sheet contains data for YM dow futures with sensitivity of 5. so if your level is 12678 it will crosscheck everything between 12673 - 12683. if it finds another level who falls inbetween these two numbers it gets a hit. if you 1 or more hits it includes the levels.

now you just enter those few lines for the trading day and then you've got some high probability spots from which to trade off or hide stops behind.

add more too it or modify it for you own purpuses.

cheers, marius (aka mong)