Hi Deltaone
My name is Tihsvad.
I'm new to this forum, I like Pivots, so I was silently reading Davit's thread.
I finally decided to subscribe to FX Factory because your thread caught my attention.
If I understood correctly you're saying that in Davit's approach, the fibo pivots are just a smokescreen,
but in reallity he's just using them as a level to start averaging down,
basically holding multiple positions in loss praying for the price to reverse?
This is interesting, his method intrigued me,
but what you explain here makes sense and if it's true,
then it's not recommendable.
My name is Tihsvad.
I'm new to this forum, I like Pivots, so I was silently reading Davit's thread.
I finally decided to subscribe to FX Factory because your thread caught my attention.
If I understood correctly you're saying that in Davit's approach, the fibo pivots are just a smokescreen,
but in reallity he's just using them as a level to start averaging down,
basically holding multiple positions in loss praying for the price to reverse?
This is interesting, his method intrigued me,
but what you explain here makes sense and if it's true,
then it's not recommendable.