Why do indicators not work/work? Why is Forex not truly random? 129 replies
What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies
Does Apple iOS's metatrader 4 support fibonacci? 0 replies
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Time in the Market, Beats Timing the Market? Does this work in FX?? 7 replies
DislikedI have a challenge for ya. Post a chart every time fibs doesn't work. The best way for proving any "system" is to disprove it actually work. If you can't find any flaws with your system you have a good system. So when looking on any system, your first job is to find flaws with it and rather look where it fails instead of where it succeed. Fibs alone want give you any edge. Prove me wrong.Ignored
DislikedI'm not here to disprove/prove anything. I just want you guys to do some research yourself to find out what fibs is all about. And by research I don't mean looking back on your chart and plotting fibs where it seems logical. I've already done the research, and for my trading-style it doesn't provide me with anything.
But that doesn't necessary mean its totally useless for YOU. Just be sure you also have a look where it fails.Ignored
Dislikedthat chart has 14 ish horizontal lines on it. Price is bound to hit them some time.
And none of the red circles (elipses) coincide with the fibs anyway.Ignored
DislikedThanks for your opinion. Although we probably agree on most things, I am wondering why would fibs not be a good tool for example on a trading strategy like Jaco style? Fibs could be a great benefit to price action trading right?
Anyway thanks for your reply, I would love to here what your trading strategy is.
MaartenIgnored
QuoteDislikedI'm not here to disprove/prove anything. I just want you guys to do some research yourself to find out what fibs is all about. And by research I don't mean looking back on your chart and plotting fibs where it seems logical. I've already done the research, and for my trading-style it doesn't provide me with anything.
But that doesn't necessary mean its totally useless for YOU. Just be sure you also have a look where it fails.
QuoteDislikedI have a challenge for ya. Post a chart every time fibs doesn't work. The best way for proving any "system" is to disprove it actually work. If you can't find any flaws with your system you have a good system. So when looking on any system, your first job is to find flaws with it and rather look where it fails instead of where it succeed. Fibs alone want give you any edge. Prove me wrong.
DislikedWith due respect, Fibo works! I use fibo very well and i have been profitable with it. and honestly, u can go to bobokus thread and see how amazing trading only fib works effectively.
am a trend trader, i trade along the trend after pull back to a fib level and it has been awesome.
Fib works perfectly!Ignored
DislikedI'm glad to hear it works well for you, although I've never said it didn't work. I simply don't think it's possible to beat the market with just one way too simple tool. If someone does, it would be a sensation and I would be glad for them too.
If he trade fibs only (successfully) in the long run (I've seen some strange things in my life so I rarely exclude any option, I just stay skeptic if things seems out of logic) he must be the first/only known person trading the FX market with one, single (simply) tool ?
I also don't understand why people bother with 3-10 years of TA research to get any edge if trading can be that easy.Ignored
DislikedI have a challenge for ya. Post a chart every time fibs doesn't work. The best way for proving any "system" is to disprove it actually work. If you can't find any flaws with your system you have a good system. So when looking on any system, your first job is to find flaws with it and rather look where it fails instead of where it succeed. Fibs alone want give you any edge. Prove me wrong.Ignored
DislikedYour skepticism is admirable and rational. However, before commenting on his use of Fibs, why not check out the thread yourself. You'll see that there is more going on than "one, single (simply) tool".Ignored
DislikedYou will allways find flaws in a system. The point is to get a system that overall wins more than it loses.Ignored