If you're a day/swing trader.... even better than that! (I don't use daily charts at all for intraday indications for trades.)
If one can show his blotter to back up his claims for what worked for him, perhaps others will listen out of respect??? Otherwise, this argument will keep going on for years or decades like other threads with similar topic.
Not exactly right. You're suggesting "it's subjective... worked for him". It's not. It either factually correlates or it doesn't. Not, "works for him but not somebody else". It's not "how you apply it"... it's either right or wrong. It's not a matter of some concept "works for somebody for how it's interpreted and applied". If it's right, it's RIGHT! Works for everybody the same as best they understand and can execute!
https://www.elitetrader.com/et/threads/day-trading-the-dow-jones.355712/page-2#post-5318990 Posted at 11:08. Check your intraday chart.