learn forex : PIVOT POINTS

My trading system is based on pivots.
Pivot points are targets, or mile markers, used for assessing price movement and determining direction.
If you’re unfamiliar with pivot points and how I use them, below is an overview
Pivot points are rarely understood and even rarely used by the Forex trader.
However, they are gaining in popularity, once traders realize there is nowhere else to turn.
Used by professional floor traders, pivot trading is one of the oldest and most valuable technical trading methods available.
Professional traders calculate pivot points in preparation for each trading sessions.
The pivot lines system is an indispensable guide for making profitable decisions.
For an active trader, the pivots can mean the difference between winning and losing.

WHY PIVOT POINTS WORK
Pivot points are 'super-sized' resistance and support levels.
They are more important than normal resistance and support levels because they're objective, and it’s not easy to ‘read back into the data’ what a trader may be subconsciously looking for. Many indicators and pattern recognition systems used in technical analysis are subjective and prone to human error.
For example, two traders drawing Fibonacci lines might take entirely opposite trades because a Fibonacci line does not inherently contain rules for objectivity.
The same goes for Elliot Waves (very prone to ‘oh that was the 2nd wave!’) and other common systems.
Common technical analysis indicators like Parabolic SAR, EMA and others generate so many false signals it again becomes difficult to be objective in choosing combinations of indicators and knowing when to execute.
This is why objectivity is the pivot points system’s greatest strength, as it takes the analysis out of the trader’s hands, and puts it in the capable, mathematical hands of the computer.
Why are pivot points so good at forecasting short-term price levels? Pivot points are reflective of both short-term volatility and trader psychology