are some signals "better" than others? Maybe, but I dont think I would be alone in saying that you could probably find some historic fibo/support/high/low confluence at practically every point on a chart - gets confusing after a while - so you have to screen a bunch out - that is all FXtravller is doing - flitering out what he considers noise
At everyone one of those pivot lines or mid pivot lines, I can probably come up with good reasons to go both short and long, but ya gotta pick one.
I have seen enough "forex training videos" where "experts" pick out trades on a historical chart or explain why a trade "didnt" work - from a historical perspective (there was resistance there, a fibo here, blah, blah, blah) - that pretty easy to do. I've also seen trades that "were supposed to work" do just the opposite
So why MR1 and SR1? Why not MR1 and SR1?
noone22 wrote:Fxtraveller wrote:Simply enter when price reaches the MS1 OR MR1.
BUY when price reaches MR1
SELL when price reaches MS1
What is so special about MR1 and MS1?
Why mid-pivots, not just usual S1 and R1 or usual pivots?
And what lies behind the fact, that
if price reaches MR1 - it will continue rising -
statistics or guess or something else?
I won't blindly take any system without solid confirmation
and waste time trying to prove, that I can be breakeven
(in the best scenario) with it.