DislikedI use the daily fib pivots along with other trading techniques in my tool box
a little candle patterns, price action , volume and rsx
here is marked up chart showing the trade for London for about 300 pips
this is a 3 min chart , but you can trade same stuff off 5 min
AttachmentIgnored
thank you for your reply.
Few questions on your plot:
1. when you write "Reversal off top confirmed by RSX and moving averages" do you mean the moving averages applied to RSX or to the price?
What are the periods of such moving averages?
2. What is the period for the RSX you are using? May be 14?
What is the period for the moving average you apply to RSX?
Thank you!