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I believe we all learn in this type of debate... thought we can clearly think diferent.... if we all think the same there would be no market.... I cant help it but I will attach an excell with my input... hope it helps... cheers Walter. |
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Excellent illustration, walter! This is exactly my method as well. Knowing where the S/R is helpful but remember it's not glass, but rubber band. This is the reason I use the confirmation after a breakout, to find the pivot to set my stop close to it, despite it having violated the S/R level by pushing farther in than expected.