Hi Charger,
thanks.
The pincher is just one tool and it still requires judgement of volume, symmetry, how deep the ppo (or macd bars are, meaning volatility)
And of course it just gives you higher odds bottoms.
Selling requires all those other indicators, trend lines, channel tops, fibonacci lines, gap fills......where ever logical resistance lies.
I still value the pincher above all other formations.
I use it on 15 min charts for day trades and weekly charts for long term entries.
I'll try to post scanned pinchers when I see ones that look could to me.
Trading still isn't easy.
In the past year real volatility has died off, making it important to layer out of trades with less profit than you could have expected several years back.
GL
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