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?
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.
ReplyDeleteI 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?