All professional Forex traders pay very close attention to key support and resistance levels. My currency trading system uses mathematical formulas to calculate these support and resistance levels known as "pivot levels". These pivot levels are extremely important because when the price of a currency pair trades near these levels, professional traders & automated trading systems will automatically kick in to buy or sell the currency. This facilitates price movement predictability.

So, in essence, these two factors alone account for why my system will compete favorably with systems which are based on "lagging" indicators. These other so called systems will simply pale in comparison.

To further improve my trading odds, I combine pivot levels with a small number of the consistent, reliable and re-occurring formations. The ones I am particularly interested in are the powerful reversal formations at tops and bottoms of price ranges.

When you apply chart pattern recognition skills together with the use of the pivots, benefits accrue for certain. The targeted support and resistance numbers are like an early warning system. Being aware of an important price target level, accompanied by a pattern, you can then anticipate your move.

It just doesn't work any better than that! For more information, please visit:
http://www.forexmentor.com

Peter R. Bain
info@forexmentor.com