The book provides many examples and also explores correct money management and trading psychology which is left out of
most other trading strategy books.
One thing that isn't a mystery is that Fibonacci retracement levels work and can be extremely beneficial, but only when used properly and in combination
with other trading strategies like those found with price action.
This type of binary option facility can be particularly useful if you are using binaries options for hedging purposes
on other trading strategies.
This is in direct contrast to
many other trading strategies or systems out there that might require a trader to trade with numerous different indicators while trying to trade the news at the same time... it's pretty hard to become a «specialist» of such a messy and haphazard trading style.
In this article, we'll explain how pivot points are calculated, how they can be applied to the FX market, and how they can be combined with other indicators to
develop other trading strategies.
For an example of how you can use price action
with other trading strategies, check out my article on trading MACD divergence, or learn how to trade divergence on other indicators.
If you want to learn more about how I use horizontal lines and price action, as well as
my other trading strategies, check out my price action trading course here.
If you end up using
some other trading strategy or system, your knowledge of price action and how to trade it will only make that strategy or system more effective.
Instead, I recommend using MACD divergence strategies with
other trading strategies — preferably ones that use leading indicators, like price action or support and resistance.
So, be wary as always with
every other trading strategy!