Most people do not progress ahead of marking the pivots into minor,visual and major pivots.Correctly identifying pivots is the base of the system but that is not the full system.We have to identify minor and visual trends,entry points,stops,profit taking levels.We have to then go into more details of pivot upgrades,trends within trends,gaps in our favour and against us, ERLs ,position sizing and trade Management.Then comes serious backtesting over different types of markets.
By the time person is learning all the above, it will take about a year to learn...in the meanwhile he is distracted to other methods like moving average,indicators ,RDMA options,EWT,expiry day trading and he feels that these are better .He also keeps hearing fairy tales that so and so trader made a fortune without any efforts....he starts believing that some secret system is needed to be profitable trader and the search for a holy grail system continues....he contacts trading gurus,workshops,U tube videos promising instant success trading system...and so on and on....
Smart_trade