Consistent 5.6% payer
I use a flexible grid with multiple time frames to initiate positions using Limit orders as well as closing positions with Limit orders. The grid is setup as a daily 5 minute bar chart with Daily Pivots on top, a intra-day 5 minute bar chart with Daily Pivots on bottom left, a 20 day 15 minute bar chart with Weekly Pivots in middle, and a 3 month daily bar chart with Monthly Pivots on right.
Each chart on bottom row has a 5 bar (yellow), 20 bar (orange), 50 bar (Blue), and 200 bar (Purple) Simple Moving Average. Using the combination of the MAJOR Pivot levels as well as the price affinity to the SMA's is critical to technical trading and setting price levels for Limit order entries and exits.
T - Flexible grid
T - Daily Pivots
T - Weekly Pivots
T - Monthly Pivots
T- Yahoo Key Stats
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