ARTICLE SYNOPSIS ...Each of the intraday trading techniques discussed in Parts 1 through 3 have relied on reference levels arrived at by means of mathematical calculations. In contrast, the technique discussed in this section will deal with a set of support and resistance levels that are much more intuitively obvious. In short, I will discuss a technique for using the prior day's price extremes as a means of determining market-based valuation levels....
ARTICLE SYNOPSIS ...As helpful as Pivot System levels often are, they have one significant drawback--they are calculated from the prior day's price action and may not accurately reflect recent changes in market psychology....
ARTICLE SYNOPSIS ...Judgements made about likely market behavior which are based on momentum analysis can be even more productive if you have predetermined levels available to act as "price templates" for interpreting the day's trading activity. The Pivot System is one such approach....
ARTICLE SYNOPSIS ...Here are a few techniques that I have found to be consistently helpful in capturing intraday profits. Part 1 will discuss oscillator divergence/momentum confirmation....