The 3 day trading cycle. That's interesting. The problem I have is determining this: the trader must watch the tape constantly in order to determine the appropriate exit point based on support and resistance levels and volume of sales.
I like RSI because that gives me the entry/exit points, but these rarely go in 3 day cycles.
Any suggestions as to what to watch for? How do you set that up?
1 comment:
The 3 day trading cycle. That's interesting. The problem I have is determining this: the trader must watch the tape constantly in order to determine the appropriate exit point based on support and resistance levels and volume of sales.
I like RSI because that gives me the entry/exit points, but these rarely go in 3 day cycles.
Any suggestions as to what to watch for? How do you set that up?
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