Fibonacci obscuring reality

Here's an excerpt from a report produced by Van Tharp (you may have heard of him):

Interestinly enough, a research study (Brinson, Singer, and Beebower, 1991) has shown that money management (called asset allocation in this case) explained 91.5% of the returns earned by 82 large pension plans over a ten year period. The study also showed that investment decisions by the plan sponsors pertaining to both the selection of investments and their timing, accounted for less than 10% of the returns. The obvious conclusion is that money managment is a critical factor in trading and investment decision making.

I hear both sides here: Theoretical and Practical approach... One must find a way to make money to apply Money Management... and what will bring money (practical approach or theoretical approach)? LoL

From the Interview of Paul Rotter - aka "the Eurex Flipper"
Paul is arguably the single largest and most successful individual futures trader on planet Earth, executing trades on the Eurex exchange primarily in the Bund, but also in the Bobl and Schatz interest rate futures.

q: what role plays risk-management in your trading?
a: i set daily goals for my p&l, whereas the most important thing is the stopping limit, the maximum loss I take, before I switch off the screens. my biggest positions are 5 digit number of contracts. I don't use any specific money-management rules.

Yes, I have found recently that walking away is a really good way to make pips. I can't screw it up at all!

Actually, I have been using 4 hr candles and weekly pivot points to good success lately.