So when does fibonacci effecively work? How often should you redraw fibonacci?
Anybody trade using only fibonacci or just one indicator? 24 replies
What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies
New successful trading idea using fibonacci expansion 5 replies
Using fibonacci 7 replies
Exit Strategy using Fibonacci Retracements 12 replies
Dislikedflipping a coin gives you 50% success ratio if you add it to your system that can make it betterIgnored
Dislikedbecause with Fibonacci you are getting about 40-50% success ratio they work no better than flipping a coin. there are lots of statistics about indicators in the Internet. If Fibs could give you 70% don't you think any one would use them without a question and this thread would not exist.
its all in the head. people adding indicators to make them feel more advanced, more safe. safety has nothing to do with the market.Ignored
DislikedNo i truly understand, this is a viol tile market, and most indicators are useless.
I mean really what do use so that it gives you a better prescription and makes you comfortable making a trade? do you use anything?Ignored
Dislikedi use 0 indicators. i track supply and demand that all you need to align your money with the market order flow.Ignored
Dislikedi use 0 indicators. i track supply and demand that all you need to align your money with the market order flow.Ignored
DislikedHey,
I'd like to know more about trading using 0 indicators. How do I go about it??Ignored
Dislikedbecause with Fibonacci you are getting about 40-50% success ratio they work no better than flipping a coin. there are lots of statistics about indicators in the Internet. If Fibs could give you 70% don't you think any one would use them without a question and this thread would not exist.
its all in the head. people adding indicators to make them feel more advanced, more safe. safety has nothing to do with the market.Ignored