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Pivot Hysteria

  • #1
  • First Post: Jul 23, 2018 12:52pm Jul 23, 2018 12:52pm
forex facebook has a hype - pivot hysteria. looking at the (very rare) te of those "trading" davits "system" there´s nothing special about this. huge drawdowns (up to -20/30%), adding to losers, no proof on a long time (+3 years) performance but still the sheep is defending the cult leader, hailing demo/mt4 performance posts.

do pivots work?
it depends, on intraday basis with tight sl on indices, i´d say yes.
maybe on other instruments/timelines, but not with that kind of dd.

example:

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-07-23_19h44_45.png Size: 33 KB


anyone that whants to prove me wrong by facts, feel free to post your live te (or even better third party statement) including floating losses here.
for this reason, i´ll keep this thread open to anyone.

just one simple rule: no scatology, no trailer park statements. otherwise you´ll get sorted out
fortis fortuna adiuvat
  • #2
  • Jul 23, 2018 5:52pm Jul 23, 2018 5:52pm
clowns...
fortis fortuna adiuvat
  • #3
  • Jul 23, 2018 6:49pm Jul 23, 2018 6:49pm
I won’t comment on the pivots as I think they can work under certain circumstances, but I think the TDI is overrated. I coded some JForex strategies using the TDI and their profit factor was not better than simpler systems using RSI and SStochs. The TDI has been a waste of time for me.
  • #4
  • Jul 23, 2018 7:50pm Jul 23, 2018 7:50pm
Why spend your time trying to disprove others strategies?

Some people just want to try out or continue using pivots, why do you need stop them?

What benefit do you get from insulting people and creating negativity on this forum?

Why not promote what you believe works instead of tearing others down?

Find what works for you and trade it, stop worrying about what others do.

I sincerely hope you (and others) find peace and confidence within yourselves so you stop wasting everyone else's time.
  • #5
  • Jul 23, 2018 8:27pm Jul 23, 2018 8:27pm
I've found Davits system as useful to my education as Aliens and Copernicus' threads
as compared to those such as Ronda and other people who just want to play games
pity I can't post my appreciation of his effort on his thread anymore
I will get my head around this, but always can be wrong
  • #6
  • Jul 23, 2018 8:39pm Jul 23, 2018 8:39pm
Those complaining about the system need to align pivots with fundamental events. You know market makers move the market to capture liquidity, taking advantage of the chaos that economic news bring to the table. Pivots help you navigate around the maneuvers the market makers push to shake off all those stops and absorb their liquidity.

I believe Davit specifically said not to use hard SL and keep your positions small enough to be able to weather the gyrations the market makers cause to take out those stops before a real reversal occurs which often coincide with pivots.

You can't just trade pivots blindly which I think is exactly what some of you guys did. No wonder you kept losing. Davit has reiterated over and over to look at calendar events on Sunday in order to have an idea of what the market makers are planning to do.
  • #7
  • Jul 25, 2018 6:38am Jul 25, 2018 6:38am
changed settings, ignored members can post here, too.
fortis fortuna adiuvat
  • #8
  • Jul 25, 2018 6:48am Jul 25, 2018 6:48am
Asks the one without TE of his own ...
  • #9
  • Edited 10:38am Jul 25, 2018 10:24am | Edited 10:38am
I believe Davit specifically said not to use hard SL and keep your positions small enough to be able to weather the gyrations the market makers cause to take out those stops before a real reversal occurs which often coincide with pivots.


Yeah now I see why 99% of those followers without a TE .

And that's why the TOP 1 EDUCATED cult follower (who read all of his pdf and compiled it )ended up 216 trades with -416pips and -5% ...

THE IRONY , They are still denying the result .

Why spend your time trying to disprove others strategies?

Some people just want to try out or continue using pivots, why do you need stop them?

What benefit do you get from insulting people and creating negativity on this forum?

Why not promote what you believe works instead of tearing others down?

Find what works for you and trade it, stop worrying about what others do.

I sincerely hope you (and others) find peace and confidence within yourselves so you stop wasting everyone else's time.

When The Cult leader is being questioned for showing TE , he gets freaked out by not giving satisfaction ..
Does that justify he's got a Margin call ? I think so !
Attached Image (click to enlarge)
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CHECK MY TE !
  • #10
  • Jul 25, 2018 10:38am Jul 25, 2018 10:38am
Quoting deltaone
forex facebook has a hype - pivot hysteria. looking at the (very rare) te of those "trading" davits "system" there´s nothing special about this. huge drawdowns (up to -20/30%), adding to losers, no proof on a long time (+3 years) performance but still the sheep is defending the cult leader, hailing demo/mt4 performance posts. do pivots work? it depends, on intraday basis with tight sl on indices, i´d say yes. maybe on other instruments/timelines, but not with that kind of dd. example: {image} anyone that whants to prove me wrong by facts, feel free...
Why this kind of scumbag still in FF ? People know how to use Pivot are all walking in millionaire path, only you stay here to blame, i feel sorry for who gave birth to you man, you such a waste.
  • #11
  • Jul 25, 2018 10:40am Jul 25, 2018 10:40am
There's no troll / personal attack in this thread , we talk about facts treating trading like business .

No CoC is breached .
CHECK MY TE !
  • #12
  • Jul 25, 2018 10:43am Jul 25, 2018 10:43am
CoC is breached , dear Twee , temporarily suspend him pls .
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
CHECK MY TE !
  • #13
  • Jul 25, 2018 10:55am Jul 25, 2018 10:55am
Quoting aimsttrader
CoC is breached , dear Twee , temporarily suspend him pls . {image}
Oh please
  • #14
  • Jul 25, 2018 10:59am Jul 25, 2018 10:59am
Hey deltaone you could try to be patient and learn how to use pivots if you want. Not many people understand it in the end, and it does not make you a good/bad trader.

Get a method that works for you and perfect it. I believe that's what the original starter of the system did and it's working for him.
when you can accurately predict the future, you leave nothing to chance.
  • #15
  • Jul 25, 2018 11:15am Jul 25, 2018 11:15am
Does weekly pivot work ?
Only if you get the yearly and monthly sentiment right in the mind first . Stop looking at weekly pivots only .

That's what i m willing to share here . I like to watch them suffer , and check my TE !
CHECK MY TE !
  • #16
  • Jul 25, 2018 11:49am Jul 25, 2018 11:49am
I think it was very nice of Davit to share his system. That being said, he probably benefited as much as disciples. People often overlook the value of having to explain your system you just invented. When you write down what you are doing, it helps you to see flaws.

Gurus come and gurus go.
Those who believe, believe.
Those who don't believe, don't believe.

One thing is certain. That the opinion of one group rarely changes the opinion of the others.


There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.
- Lawrence Livingston
Ecclesiastes 1:9
  • #17
  • Jul 25, 2018 4:43pm Jul 25, 2018 4:43pm
Quoting zizoo
Hey deltaone you could try to be patient and learn how to use pivots if you want. Not many people understand it in the end, and it does not make you a good/bad trader. Get a method that works for you and perfect it. I believe that's what the original starter of the system did and it's working for him.
hey zizoo,

thanks for your polite offer. i ´m not in the need of finding a method that works for me. manual trading is only just for fun since end of 2017l.

but it´s a fact i´ve used pivots clearly since 2014:

Quoting deltaone
good morning, xetra-close 26.09.: 9490,55 fdax-close: 26.09.9541,00 fdax-opening 9514,50 200d-line: 9557,67 r3 9663,6 r2 9605,5 r1 9570,6 p 9512,5 s1 9477,6 s2 9419,5 s3 9384,6 daily high on friday was below 200d-line, so i prefer shorts today. but if dax can take out p in xetra-session, 200d-line could be a target to aim at.
i think this is way before davit started to use them, but that´s not the point.
my criticism is due to the fact that draw down by floating losses is inadmissible with the critized system and adding to losers is just increasing risk.
hiding this phases of huge dd is very dangerous for followers because this crucial detail is never shown and might/will lead to heavy losses.

also, proclaiming to be a fundamental trader without ANY relevant background is nothing but a joke. reading trading books does not qualify anyone to be a fundamental analyst or trader. ofc. it is useful to have a look at the calendar (which ever you use, but there are better once than on ff, esp. when you have bloomberg or reuters), but this does not replace the need of an professional analyses based on either (or better: both) a university degree in a relevant subject and/or a job at a bank.

i think the hysteria is based on two things:

ad1) hiding the floating losses which shows only a part of the picture.
ad2) the non-professional background combined with unproven mt4 (retail tools for retail fools) performance posts. ff is a place where mainly economically untrained peanut traders act (or better lurk) who think "wow, if he who is one of our kind can make it, i can do the same", ignoring the fact more than 90% of that kind fail sooner or later, erasing the trading capital.
fortis fortuna adiuvat
  • #18
  • Jul 25, 2018 4:47pm Jul 25, 2018 4:47pm
deltaone what is your backround?
  • #19
  • Jul 25, 2018 4:56pm Jul 25, 2018 4:56pm
Quoting Khangfm
{quote} Why this kind of scumbag still in FF ? People know how to use Pivot are all walking in millionaire path, only you stay here to blame, i feel sorry for who gave birth to you man, you such a waste.
wow: 12 posts within 8 years of membership, 0 subscribers, 23 subscriptions - i´m sure you´re on your way to be a millionaire
fortis fortuna adiuvat
  • #20
  • Jul 25, 2018 5:10pm Jul 25, 2018 5:10pm
Quoting 1pipperhour
Asks the one without TE of his own ...
you have a point there. i´ve stated the reasons for not having a te several times:

firstly, i don´t use mt4 or any other platform which allows te.
secondly, i don´t want to have a te because of reverse engineering.
thirdly, te can be faked by white label brokerage accounts.

but i´ve send an email to twee, asking for an alternative.
fortis fortuna adiuvat
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