DislikedI read that KISS method here but still do not understand it:
http://www.forexfactory.com/showpost...ostcount=72310
Rules seems to be:
1. You Fib the range of opposing PBs
2. you wait for price to break that range
3. you then wait for retracement to pivot (middle of Fib range)
4. you put pending order on at pivot point
5. you trade in direction of break to .382 extension
So my questions are:
a. "trade in direction of break" means in the direction of the step 2 break? So the thinking is it will often break again in the...Ignored
K.I.S.S.