Simple trading can be very effective.
The last chart I posted was of the EUR/USD, it was the 1 hour chart. Why did I post this chart? Because the EUR/USD had moved up to an important support and resistance zone, and I thought that it may turn around. You can see on the updated chart that this is precisely what happened. The pair fell over 200 pips after reaching this zone at 1.3300. Sometimes simple trading can be very profitable. After many years spent trying to find the perfect combination of indicators, I have given up on indicators and I have learned to use simple strategies such as support and resistance zones in my trading. Therey are many other traders using these simple trading strategies successfully, if you would like to learn more, please join use at the free Jump Sunday webinar.
