DislikedTo answer your question as to the announcement..... Number one; the numbers where wrong if you had brought up the actual reading...... Number 2 - Of the years I have been in this market only once I have ever seen it go against the trend...... So in this respect I was sure it was going down..... But, in case I was wrong I did have a 10 pip lost on my trade And if it had taken me out then I would of immediately got into the right trade.... But in this case, I was right and it was a gamble but as I have said in the past.... "No announcement can change a trend, only the trend itself."
Why with pivots?
Because there isn't always a trend to jump into..... When the market is sideways then that is where the pivots come in...... It will always go up and down between those pivots when the market is sideways. And these indicators will always let you know when a trend hits and when the market is consolidating or going sideways.
There is no draw back in this system...... It works 100% of the time.Ignored
The Chonchy