would have been M3, which had been providing support for most of the day, but watching closely for a reversal at the pivot level, which is, in fact, what happened. And if you want to take your analysis to the next level, MetaStock Real Time gives you the ability to customize these solutions to your particular trading style. The beauty of fibs and pivots is that they are amongst the few truly predictive indicators. I use an hourly chart on the left, in order to get a feel for the general direction in which things are going, with the five minute chart on the right for the trade setup. A great signal yesterday, which I acted upon, pretty much paid for the package so I'm already ahead of the game! The long macdh divergence signal.50 coincided with both a BB setup and an Engulfing Bull CS signal. I only trade reversals. MetaStock Real Time can be purchased for a one time charge, subscribed to alone, or subscribed to in combination with xenith data, but must also be paired with.
Whether you're an experienced, active trader or just learning how to trade the markets, MetaStock Real Time helps you succeed. It's a complete package that's easy to use, no matter what kind of securities you trade. It's the single tool that's allowed me to fine-tune my trading approach, pursue my avocation and build a satisfying retirement." - Michael Alakel, to see more of what our customers have to say about MetaStock Real Time, click this link to our Testimonials. IMO, the Sunday session is best ignored and Friday's prices used for Monday's pivots. Once a pivot level is broken, I expect the price to reach the next level. For illustration purposes, I have attached the chart from August 27th 2004, showing the intraday pivot levels, together with the macdh divergence signals numbered 1-6.