Rams, thank you for the suggestion, I am in the process of testing this, with a small (R & D) budget. I thought to also see if I do some back testing to test the following theory I came up with. If in a downward trend a pivot resistance line R1 is responded to, what is the predictability (65% should be good enough ) of the price action not going through the R2 resistance level, but proceeding down to the support level S1. To add a bit more, the share must be under performing the ALSH. Of course the same test would be done on the long positions, given the opposite parameters. Who knows if this might or might not work.
... View more