^^^This. And also keep in mind there is more than one parameter that you can use to measure volatility. This includes but is not limited to beta, price change over x period of time, historical/implied volatility, some ATR calculation, etc.
I don't know if this helps, but if you study candlestick patterns, you can use a reversal candlestick pattern that is bouncing off a support or resistance level as an entry signal. Typically the entry point would be on the close of that candlestick.
I am brand new to this forum, but I thought that as a rookie trader of about 1 year, I would like to add my 2 cents to the discussion from my personal experience so far. First of all, I definitely do not think that books are useless. Are people's expectations from these books unreasonable at...