DislikedHi guys, nice system and nice thread, congrats. I prefer to study the markets with harmonic patterns, and than use other system to verify if there is more conflunce. On EURUSD I found the area 1,117x/1,115x very nice to put some good short, long term (I don't know if I can post here the charts with harmonic patterns, I don't want to violate the thread's rules). Attached you can see a Daily chart with pivot setted up on monthly base. Here we have the R38, I expect the TDI cross in the next days for confirmation to keep the position for long term...Ignored
I don't trade monthly pivot don't even look at it.Beauty of my system is in its simplicity.Once you throw monthly pivots it complicates everything.Why not stop at monthly pivot we can throw in Bollinger Bands,MA's Heikenashi candles and histograms at the bottom and before you know it you will have a crippling system with 15 variables.That's not trading.
Trading in simplest form is watching PA at critical levels.I can't answer what you are asking
cheers
In trading, you have to be defensive and aggressive at the same time
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