Today is an important lesson. If we know there is news to be announced that can substantially alter the market it should not be traded. The FED made an announcement on the US Economy today that sent the market into a frenzy. In the span of 30 minutes the market dropped 9 points and then rose 15 points.
Have a look at the chart to see just how unstable it was. When announcements happen the market is unpredictable making any system ineffective.
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