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@jostacey No there are no calculations these are literally a...

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15/09/20

08:33

Post #: 47339996
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Originally posted by jostacey: ↑

@Patterns

I have been trying to find the pivot point of DRO ( as above). I have a few questions about your chart above. Do you calculate the Pivot point (PP) = (High + Low + Close) / 3 and Support and resistance levels are then calculated off the pivot point like so:First level support and resistance:First resistance (R1) = (2 x PP) – LowFirst support (S1) = (2 x PP) – HighSecond level of support and resistance:Second resistance (R2) = PP + (High – Low)Second support (S2) = PP – (High – Low) etc

I have been trying to wrk out the buying point of DRO and the chart has stumped me . I wonder if you could assist me please?

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@jostacey No there are no calculations these are literally a candle where the candle each side of it is lower in the case of a pivot high or the candle each side is higher in the case of a pivot low. The buying point is the top green line. The stop goes just below the bottom green line. The buying point at present is 16 cents and we do not chase price just set an alert and wait for price to pull back to 16 cents to buy. If you watch the Tyrone Archer video a few times you will soon get the concept.

Last edited by Patterns: 15/09/20
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