As a daytrader were going to work with the previous day’s high and low and the last 3 day’s high and low, swing points on the daily chart
Funds and retail use pivot numbers
Look for central pivot points, 0 GMT pivots
Staged orders are from the funds, and because funds use these pivot points IPDA will likely trade to them and trough them. Staged meanse there are buyers and sellers at those levels because most people dont know how to use them
So what would otherwise be a good buy point and for example S1 or S2, it could be a good sell point for us once the daily range is expanding lower
If we look to go short, and we happen to short near R2 level then we can look for M4 R1 M3 and central pivot
Take 75% off to see if there will be a larger range day
IPDA is looking to fill 4 pivot points intraday and 4 CBDR points, either can be used
Sell short above the EQ of the flout
4 is just a general rule of thumb, it can go lower or higher