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Why You Should Add Pivot Points to Your Forex Trading System

Why You Should Add Pivot Points to Your Forex Trading System

5 Years ago | January 12, 2015 00:00:00

'I am a skeptic by nature when it comes to trading, especially anything that is mathematically generated and does not appear in my charts. I must admit, though, that the more I see of forex pivot point levels, the more I incorporate them into my trading mix. The most obvious is what we cann the 5% rule following our backtest (see below), which showed that S3 and R3 hold 95% of the time. However, I also pay notice when other support and resistance levels hold. If you don't believe me, take a look at the folllwing:

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