I was wondering if anybody heard of a daily pivot forecast. If it already existed or not?
I think it would be simple to program.
Why would it be useful you ask.
There have been studies that in general all currencies during a year hit their pivot point at a 75% accuracy.
Now if we clearly see that the movement for the day has occurred and you want to get ready to find an adequate position to enter the market, you want to know to where it will retrace (75% chance it will) as a forecast.
What think-est thou?
I think it would be simple to program.
Why would it be useful you ask.
There have been studies that in general all currencies during a year hit their pivot point at a 75% accuracy.
Now if we clearly see that the movement for the day has occurred and you want to get ready to find an adequate position to enter the market, you want to know to where it will retrace (75% chance it will) as a forecast.
What think-est thou?