Reading the last post in G's journal, I think I am taking too many factors into consideration when doing the analysis. And all those factors are not consistent (price doesn't give LLs,HLs etc exactly the same way everytime).
S50 and pivot are constant in what they are and I think I have to observe the price reactions in relation to these two in different scenarios (narrow and wide ranges, trends etc). Only then I will be able to develop rules which are actionable. If not, the basis of observation keeps on changing and I will not be able identify repeatable scenarios.
S50 and pivot are constant in what they are and I think I have to observe the price reactions in relation to these two in different scenarios (narrow and wide ranges, trends etc). Only then I will be able to develop rules which are actionable. If not, the basis of observation keeps on changing and I will not be able identify repeatable scenarios.