Candlestick and Pivot Point Trading Triggers

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Candlesticks are what I call the "alphabet" of trading. Just as you cannot write great literature using only knowledge of the alphabet, trading requires knowledge of candlestick patterns as a foundation only.

Pivot points are also one of the least useful indicators in Forex trading although they have become extremely popular through several Forex training courses. Dividing your chart into horizontal sections based on a mathematical formula can give the appearance of being useful if that is all you know.

However, I have found that there are usually more significant and more meaningful reasons to expect a certain price zone to be a potential barrier.

Therefore, after using pivot points for about 2 years I have stopped using them altogether in preference to other methods of analyzing the market. This book has other methods that are very useful and all in all it is potentially valuable for beginners especially in preference to buying an expensive course that covers this information.

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