You have a good statistic skill. I want learn more about your pivot support and resistance trading from you. Actually I use support and resistance too for my trading system, but the different is I use support and resistance history in other word I don't calculated them.
I'll post when I can, but it's easy and the info on the first thread states how I draw and when I move them to S2/R2.
Usually I'll only have to draw the lines once and I'm good.
I do my fibs this way because for me I hate lines everywhere highs here, there and redrawing. To much noise in my head, so I spent some time to see if there was validity to my idea and it seems to work more times than not.
This method me a clearer idea of when to exit, enter, pull the stop tighter and where dealers would find good transitions for price.
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