Learn how to use the Pro Trading Strategy. Read the article and watch the video tutorial to trade this strategy.
Name : Pro Trading Strategy
Timeframe : 1H and above
Indicators : Pivot points
Strategy By : Analyst Navin Prithyani (forexwatchers.com)
Once you get an exhaustion at a pivot line at the opening of the next candle you can enter - in the direction of the body of the exhaustion candle. So if the exhaustion candle tried to go down, but failed and came up (so it left a tail), you enter long (for a buy).
Let's make a list of rules here:
The exit zone for the pro trading strategy will be determined by the next pivot line using data from the last 3 days.
Click on the link to see the article to learn how to install the Pivot Points Indicator for this strategy.
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