Andre, simply put it works, the more patience I have the better the reward. From my POV it is a trend followers dream come true. On lower time frames such as 5M the pips are good but the profits slim while trading the 1H you can average 10 pips or better per trade and useing the D1 a 25 pip average is good.
I usually take two trades per pair totaling 1% risk and at least two pairs at the same time.
The key is patience to wait for the major pivot to paint (which is usually between 2-3 percent deviation from the mean). Another key to keeping the risk down is not to try for a home run on every trade which is why the relatively low pips per time frame.
BTW BP has a good intro to using Pivots, here is a dummary page Tips on Using Pivot Points in Forex - BabyPips.com
Nadextrader, my apologies for trampling your thread.