Tips of the post:
Don’t use them on meaningless dataMore traders than ever are day trading and their losing.
The reason why is simple the time frame is to short and all volatility in daily periods is random and therefore NO technical indicator will give you any advantage, pivot points, moving averages, or any other indicator can help you make profits.
Ever seen a day trading vendor who has real time track record of profits?
You won’t!
Because it doesn’t work, volatility can and does, go anywhere in a day and traders lose – it’s as simple as that.
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