Lets talk about a safe trade. The problem with the other systems I see that use pivots is they buy when price hits certain pivots. I created this system to have a filter for those trades. Safer trades with very little drawdown.
Examples below.
Price looked good to buy but it would be better to break monthly pivot where price has been rejected quite a few times. Always look left. Remember price action is key.
Don't always be in a rush to get in. One of my Biggest problems in the past.
I would rather win with less pips than be in a major drawdown
Examples below.
Price looked good to buy but it would be better to break monthly pivot where price has been rejected quite a few times. Always look left. Remember price action is key.
Don't always be in a rush to get in. One of my Biggest problems in the past.
I would rather win with less pips than be in a major drawdown
You will learn the most from your losing Trades