There is no argument in what you say rishig - that fact has been established long time back. We are trying to tame this security within the ambit of 60 min flow method.
I will go on say that playing the daily chart is the safest - it is a no brainer - back test it and you will see that it is very comfortable.
But we are trying to extract more juice out of this security to see how best to fit 60 min flow -- I will request other members on this forum to try out longer TFs maybe two hours. 3 hours or 90 minutes -- which will iron out these minor pivots which are getting to be difficult to discard sometimes.
Bee
I will go on say that playing the daily chart is the safest - it is a no brainer - back test it and you will see that it is very comfortable.
But we are trying to extract more juice out of this security to see how best to fit 60 min flow -- I will request other members on this forum to try out longer TFs maybe two hours. 3 hours or 90 minutes -- which will iron out these minor pivots which are getting to be difficult to discard sometimes.
Bee
I am paper trading in 2 hrs along with 60.
Haribird.