This is an example of how the daily range can be traded using the SC indicator. SC is a pivot point based S&R indicator. It simply allows you to see the immediate price pivots inside a specific range of candles.
I have labeled this chart with break downs, break outs and range positions. Inside range pivots high to low can be traded with your normal indicators (if you are still using them).
Breaks are to be traded immediately. Do not wait for the candle close. Always remember to use your emergency protective stops so we don't experience CHF type events against us.
I have labeled this chart with break downs, break outs and range positions. Inside range pivots high to low can be traded with your normal indicators (if you are still using them).
Breaks are to be traded immediately. Do not wait for the candle close. Always remember to use your emergency protective stops so we don't experience CHF type events against us.