I was wondering why nickb wasn't here anymore. I think part of the reason people overlook it, is that it is so simple. There are no special indicators or gizmoes or formula. It's either line break or line bounce off historical S&R and or sudden spike.
His was the first method I looked at, then I past it up, because it seemed too simple. I figured there must be way more to being successful at forex. I think a lot of new traders probably think the same way.
The only other reason I can think of is that you are not doing lots of trades every day. You can go for days or weeks without a trade sometimes. But, this is a good thing, considering the winners net +50 - +100 pips a trade. It's off the 4H charts, so it won't appeal to the new trader who thinks trading is like being in front of a slot machine and pulling the lever more times give you a bigger chance at hitting the jackpot.
I've been through a lot of systems and methods, devouring everything I can in a quest for knowledge, and frankly this is the only one that I think will be able to stand the test of time and be consistent.
IMO, almost all indicators are complete garbadge. If you learn to read candles and price action that is all the indicator you will ever need.
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