So for divergence you use the MACD? what settings?
"...but never got my head around Camarillas"I use Pivots too, I'm a big fan.
i'm aware that there are many variations, but never got my head around Camarillas, Fin Pivots etc.
Does anyone use any such variation, and if so can you explain what the difference is and why you use it ?
Or does everyone just stick with "normal" PPs ?
K, to try and get this thread back on track...
What Rathcoole said in his first post does hold a bit of sway. I know a trader who would not even think about trading when winds are very strong around him. (I am being serious now)...(Stop laughing)...
He also doesn't normally trade on a Friday. He calls it traders graveyard day.
Anyway... Support and resistance and pivot points have always worked well for me.
Then letting and having the patience to allow the market to lead you in the correct direction.
The smaller the time frame though the harder it is.
many people do the same.if your being serious about not trading on fridays, then thats quite mad as fridays has always been really bad for me and i was actually seriously thinking about making it a strict rule that i don't trade on fridays.
Price was in a BB squeeze (purple dots) obviously caused by lack of overnight volume/movement.hi yawl,just a sugestion but why dont people post charts with there explanations??it would be helpful for us newbies.