Why do 95% of traders fail? Because you learn from the masses, then you lose with the masses. You are being fooled by the banks & institutions.
The very core of technical trading revolves around . You are taught to sell if price breaks support and buy if price breaks resistance, but you aren't taught to win - you are taught to lose.
The big cats in the market want you to follow these procedures so that they can manipulate the market to their benefit. When price breaks support, all the retail traders start closing out their buys - (stop losses hit) - and entering sells to follow the 'newly formed trend.' But after a 10-50 pip drop beneath support, price sharply reverses and shifts back to the upside with strong momentum, once again wiping out retail traders - and providing market makers with the best possible prices for optimal trades.
So stop trading like a retail trader, start thinking like a . Until then, you WILL lose.
This trading strategy uses Fibonacci Metric Gauge lengths - designed by myself.