Hi Everyone,
I'm new to TL and thought I'd share some results of a method I'm still working on called Rhythm Matrix.
The idea is to use Floor Trader's Pivots S2 and R2 to get an estimate of tomorrow's possible price range.
Next, using astrology and Gann's SQ. of 9 in combination, Rhythm Matrix selects the "hot spots" (price pivots) listed below. These are not the numbers found on the cardinal and fixed cross of the sq of 9.
What follows is a list of 3 digit prices (omiting the first 2 digits) followed by a letter/number (e.g. 558 b or 564 r45). The letter/number is to prioritize the significance of the prices; r is major, b is minor, 0 and 180 are major, followed by 90 and 45.
These pivots are useful ONLY for the first hour of trading from 9:30 thru 10:30AM ET.
MOST WILL BE USELESS, but several will be significant within 2 ticks. Use your favorite OB/OS oscillator and other technicals to select the important ones.
Tomorrow's floor trader's pivots are S2=(12)555 and R2=(12)765. Please note that the following calc's are not based upon these pivot numbers, they are just a possible range for the day.
Pivots:
558 b
564 r45
568 b
575 r90
582 b
588 r45
592 b
598 r180
606 b
612 r45
616 b
623 r90
631 b
637 r45
642 b
648 r0
657 b
663 r45
668 b
674 r90
683 b
688 r45
693 b
700 r180
709 b
715 r45
720 b
726 r90
735 b
741 r45
747 b
754 r0
763 b
I will make an attempt to update this thread tomorrow in real time.
Happy Trades,
Rhythm Rider