There are a lot of various trading systems on the internet, but most of them are unusable and mainly not profitable in the long term. For this reason, I would like to introduce my (proven and profitable) trading system utilizing the S / R zones.
I can definitely recommend the system to everyone, because it is very simple, but a very very profitable!
It’s just amazing how so simple trading system can be profitable. So here the saying below is really true: Simplicity is the ultimate sophistication (Leonardo da Vinci)
The system is built on a powerful indicator showing important S / R zones, which I found on the internet. So all credits go to the author. Over the years that I trade, I have not seen any better indicator on the S / R zones.
1) Firstly I’d like to tell you more about the indicator for the important support and resistance zones, which I use in this system. The indicator shows the resistance and supports on the high quality price zones only. So the indicator doesn’t draw a lot of the zones, but it draws only the important ones.
However, its main advantage is that it also shows us the quality of resistance and support zones. Or rather, how many times the market tested a given zone (S / R).
Here, logically, the more times the market tested the zone, the zone will be stronger and more valid.