| Description: Why Does My Currency Trading System Work and Others Don't? The reason is quite simple. ALL professional traders, be they trading for themselves or for banks, financial institutions, funds, and the such like, adhere to the concept of support and resistance, which is the premise behind my system. When you see price action violates pivot line convincingly, professional traders and automated trading systems automatically kick in and buy or sell, depending upon where price is going. So, in essence, these two factors alone account for why other indicators are left breathing dust. Bar patterns, MACD divergence, different time frame readings, and trendlines are definite precursors to price changing direction but, in the final analysis, where price is in relation to its nearest pivot point, is the big clue. Tie all these indications together, and you are sure to out-fox price's next move. My video course explains these strategies and shows you in detail how to calculate these pivot levels to guide your own trading
|