middlestand
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Please introduce me a good pivot-teaching video in Youtube.
It's popular but there's no good,short/important,educating resource.
It's popular but there's no good,short/important,educating resource.
Since forex brokers use different time zone settings and run 2/5, hourly, weekly, and monthly should all be very close to the same between brokers. 4 hour and daily will vary considerably depending on the broker's clock. Part of the reason pivots can work is that people expect them to work. If different traders see different daily or 4 hour candles, their pivots (and expectations) can end up being at different levels.
I love this quote. Part of the reason pivots can work is that people expect them to work. So shall I describe those as delusion as well?
Some expectations are delusional. Some delusions lead to expectations.
So, delusions such as pivots work ? Isn't that the strong or more potential profit making trading strategy to most of the traders out there.