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Old 12-28-2006, 12:32 AM
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Re: S3 to R3: Two important pivots
Quote:
Soultrader
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Many professionals know the important of the S3 and R3 pivot. Prices will tend to stay within this range. Why? It just does.

The S3 and R3 pivot are terrific pivot points to fade. I will take them 100% of the time. Of course trading is a game of probabilities but fading these two pivots offer a high probability trading opportunity. Price will remain between these two pivots 80% - 85% of the time

The chart picture tells it all.

James,

What else do you look at at these points? Divergence of MACD for example?

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