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YTC Price Action Trader (www.ytcpriceactiontrader.com)

  #65 (permalink)

London, UK
 
Trading Experience: Beginner
Platform: NinjaTrader, home-grown Java
Broker/Data: IB/IQFeed
Favorite Futures: EUR/USD
 
Adamus's Avatar
 
Posts: 1,085 since Dec 2010
Thanks: 471 given, 782 received


trendisyourfriend View Post
I think looking at each pivots to define S&R is a bit clumsy. Unless you can confirm there is supply or demand left at a level, there is no need to record every pivot. Would be curious to see how you would have marked the ES Yesterday given how supply/demand moved.

How supply/demand moved? Do they move? You've lost me on that one. But I agree with what you say about clumsy S/R levels. I look back over them at the end of the day to see how they affected price, and remove them if they didn't. It works for now in my limited testing but I can't say it's a bottle-neck for my performance - like you say, it's just clumsy.

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