Disliked{quote} I pay attention to pivot. Price tend to swing around pivot, no matter it is weekly pivot or monthly pivot. If price miss pivot once, it will try to touch next pivot. In very rare cases, if price misses pivot twice, it surely will touch the third pivot. I am referring to pivot, not R1 or S1. Just pivot itself. This rule of thumb (my rule of toe) also works on 4 hr time frame. {image} My rule of toe, {image}Ignored
Yes pivots do have merit its just me I guess.I have certain reservations of fixed things on price.
That's all.Its how I see price and pivots become background to me.If it works for you then its perfectly fine.Everyone trades differently.
Regards
In trading, you have to be defensive and aggressive at the same time