because 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.
because 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
No 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?
because 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
The 70-80 % of the time the trend will react to the level of the Fibonacci. Sometimes the trend will break the level and keep going but sometimes it might go in the other direction. Like the RSI indicator you must wait until the trend reaction. Economic indicators don’t predict the market they just illustrate it. You must not expect that an indicator tells you what to do. You must predict the behavior depending in how the market looks like.
