CV,
Told you this old coon will try to pant uphill ,hope you will not be alone very long maybe by upto 2008.Thks your validation boosts us,however earned little also with these levels.
Asish
Also, another problem is I dont believe that EOD will be of much help, levels on intraday based on different timeframes is the key to get accurate levels.
CV,
Told you this old coon will try to pant uphill ,hope you will not be alone very long maybe by upto 2008.Thks your validation boosts us,however earned little also with these levels.
Asish
The key as I said to get accurate levels is lots of diff timeframes plus lots of pivots.On daily chart you could only go to higher timeframes that are seprated by distant pivots and hence the levels are more spaced out and infrequent.On intraday, for eg if you choose to plot it on 5 mins, you have comfort of 5-6 levels on the higher side plus a lot of pivots to base the ratios on.
Actually, in my manually done 'vanilla' method i don't consider all the pivots (even on the daily ) but only the most significant ones. To determine 'most significant' apart from volumes i somehow find the price pattern in lower tfs (10/15 mins) useful. But then this is just a crude method.