For forex I find them of little use. Each pair has several start times,euro open,asian opne,us open.12pm open,etc.What are they to be based on? Just IMHO,others may have other views
but they are bunch of pants imo. They are levels to note on an exchange traded instrument but I wouldn't go trading off them but you need to note that some participants may use them.
There is a thread on here where someone was taking pin bars off pivots and essentially it is the same as flipping in a coin and you end of feeling like a one legged guy in an ass kicking competition.
but they are bunch of pants imo. They are levels to note on an exchange traded instrument but I wouldn't go trading off them but you need to note that some participants may use them.