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ps i must divulge that there is a trick, you must keep track of the
intraday high and low, divide that by two and that pivot is the change
between the retracement being calculated from the top or from the
bottom.
Hi Research,
When you say the pivot is the change between retracement being
calculated from top or bottom, do you mean whether or not deciding to
trade long or short depending whether price is above or below pivot?
Also do you find just using the daily hi/lo for next days intraday pivot
is as good as the average of High/Low/Close or next day's Open (if
large gap)?
Thanks for any clarification.
Sincerely,
Ketayun
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