We see in this pic the result of price hitting and finding Res yesterday at a larger swings 50% level. We find that by looking at the 4Hr chart with the monthly pivots. In the VIDEO MONTLY PIV you get an overview of what may come this month. In the VIDEO WEEKLY PIV you see the corrective range for the week. In the final VIDEO DAILY PIV you see how price rejected the 50% Res level and quickly hit the 100 PDMM and eventually the 150 PDMM.
This is a very good example as to how and why I follow the multi time frame pivot levels and overall market structure. This view gives me a better idea of what I can expect each and every trading day.
Showing posts with label Weekly Setup Video. Show all posts
Showing posts with label Weekly Setup Video. Show all posts
Monday, October 5, 2009
This pic shows the weekly fib pivot setup and the initial range. This VIDEO walks you through the setup.
Labels:
GBPJPY,
Weekly Levels,
Weekly Setup Video
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