Maybe some additional explanation from my part:
I mostly agree with fxcruiser (he will guess why I say mostly
)
The reason that I do not like "systems" like these is simple : it all starts with a single little indicator disguised into "whatever" and renamed into "secret market formula to get immensely rich" (the secret is the obligatory part, since, if it was not a secret, how is that that no one knows about it?)
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Now the secrets : the famous Secret #2 - "
You Have To Be “In the Market” If You Want to Make Money". Does not matter how many times I read it or heard it it always comes to same conclusion : if you do not trade you are not going to make money, or, even more simplified - if you don't pick your nose, you probably do not have it (the nose).
The indicator : it takes about 5 minutes to see that it is picking up peaks, and since there is just one indicator doing it normally, it takes additional 5 minutes to make that indicator a "triad look". Why do they all feel the need to to rename the ZigZag and to disguise it to something else, I leave to all of you to decide
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Attached : the "triad flavor" (without shaky hand line drawing additions) ZigZag. Play a bit with parameters and you are going to get the same results those videos are "revealing"