Forex Pivot Hysteria

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:

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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

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