Why 61.8%? | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Why do indicators not work/work? Why is Forex not truly random? 129 replies

How to find out why the euro is strong or why the dollar is weak? 8 replies

Why do we trade?... no really, why? 51 replies

Why is Sentix Investor Confidence influentional on EURUSD! Why ??? 0 replies

Why oh Why .... 19 replies

Attachments: Why 61.8%?
Exit Attachments

Why 61.8%?

  • #181
  • May 2, 2010 1:27pm May 2, 2010 1:27pm
Quoting pipmutt
Yep, you too. As the saying goes 'you can lead a horse to water....'

Short week this coming week, Bank Holiday here in UK.
Best wishes!
  • #182
  • May 2, 2010 1:27pm May 2, 2010 1:27pm
Quoting auxesis
GEfx,

People are warned to swim away from sinking ships, as they will pull down and drown all those in their proximity.

GE my friend, not everyone can be rescued, swim away.
Hollow platitudes and mindless self congratulation.

I'm swimming as hard as I can, Sir!
  • #183
  • May 2, 2010 1:30pm May 2, 2010 1:30pm
Quoting GEfx
it occurred to me that we would be in trouble if your pup started sleeping on the stairs.
ROLF! He isn't so smart, I beat him playing chess last week3 games out of 4
  • #184
  • May 2, 2010 1:37pm May 2, 2010 1:37pm
Quoting Ted1983
You mean I have a mind in the first place, right?
lol, I gotta give you that one

Ted you never answered the question, what tools do you use in your trading?
  • #185
  • May 2, 2010 1:55pm May 2, 2010 1:55pm
Quoting Ted1983
Thats either a deliberate misrepresentation of the facts presented, or you don't understand them.
No one who trades around psych levels feels the need to cite, "order of nature" style bullshit to back them up.
na mate firstly you've got your head stuck so much into desiring a motive for something before believing in them when frankly you can just go with the flow and lose the anxiety - if something works, take it as is.. chill

secondly just compare psych levels to fib levels... same damn story. with a bit of charting experience you'll see that all these levels are the same. predictable? no... but there is obviously big money there.

now from seeing your constant requests here it realllly seems like you are quite lost. you bash fibs because the market does not conform pip perfect to them, yet you also show willingness for someone to prove their use but only in this manner.

lol.. i dunno if it's wishful thinking expressed in an egotistical way or you honestly have limited understanding of the markets.
  • #186
  • May 2, 2010 2:07pm May 2, 2010 2:07pm
Quoting Sim
.

now from seeing your constant requests here it realllly seems like you are quite lost.
I haven't issued a single request for anything.

And I have pointed out the simple inadeqaucies of every "proof" offered.

You continue to misrepresent what I am saying at every available opportunity.Why is that?
  • #187
  • May 2, 2010 2:11pm May 2, 2010 2:11pm
yes but from what I see the indaquecy is that you want all these levels to literally be defined in stone and move the market to the pip... otherwise they are useless

you see how strange this attitude is when you actually get to the mechanics of the market?
  • #188
  • May 2, 2010 2:13pm May 2, 2010 2:13pm
Quoting Sim
yes but from what I see the indaquecy is that you want all these levels to literally be defined in stone and move the market to the pip... otherwise they are useless

you see how strange this attitude is when you actually get to the mechanics of the market?
No. You are continuing to impose your own false interpretation of what I'm saying, in order to further your own argument.

When fib nazis accidentally find an exact pip match they trumpet it from the rooftops. Take GEfxs' awful examples.
Both parties should be held to the same standards.
  • #189
  • May 2, 2010 2:18pm May 2, 2010 2:18pm
oh wow lol.. coming from a guy who can't give a straight answer in the whole thread? i dunno how you get entertained by the unfunny jokes you make when asked a direct question, i actually have no idea what you are trying to tell people here either..

tbh, only a fool would waste his time to say fibs dont work because every swing does not end at a fib... and then in the same discussion say oh 'how handy is it that one can place so many fibs at any level they want'

even more astonishing is somehow expecting people to make a comeback with hard defined rules for YOU to make money.. rofl
  • #190
  • May 2, 2010 2:20pm May 2, 2010 2:20pm
Put another way. If the market reverses at a fib line it is touted as proof.
As in GEfx juvenile attempts. However his fib retracement ignores a multitude of swing points, that happen to not confirm his mental bias.

If the market reverses at 49.3458953869458% am I to assume that this is due to some fundamental law of nature, or is it purely due to the ebb and flow of orders coming into play?
  • #191
  • May 2, 2010 2:22pm May 2, 2010 2:22pm
oh man how many times you wanna edit your reply lol? showin alotta insecurity mate.. anyway im done, pork stir fry is made and hellboy is on ()
  • #192
  • May 2, 2010 2:22pm May 2, 2010 2:22pm
Quoting Sim
oh wow lol.. coming from a guy who can't give a straight answer in the whole thread? i dunno how you get entertained by the unfunny jokes you make when asked a direct question, i actually have no idea what you are trying to tell people here either..

tbh, only a fool would waste his time to say fibs dont work because every swing does not end at a fib... and then in the same discussion say oh 'how handy is it that one can place so many fibs at any level they want'

even more astonishing is somehow expecting people to make a comeback with hard defined...
I have answerd every question levelled at me in a concise manner.
You on the other hand will not cease your evasive misrepresentation of my every word.

It is a very childish tactic to employ.
  • #193
  • May 2, 2010 2:23pm May 2, 2010 2:23pm
Quoting Sim
oh man how many times you wanna edit your reply lol? showin alotta insecurity mate.. anyway im done, pork stir fry is made and hellboy is on ()
I reserve the right to expand on my responses for clarity.
  • #194
  • May 2, 2010 2:24pm May 2, 2010 2:24pm
Q. Does price sometimes reverse at or near the 38.2%, 50% or 61.8% retracements of the previous swing?

A. Yes

EUR-FUCKIN-EKA!

End of.
  • #195
  • May 2, 2010 2:39pm May 2, 2010 2:39pm
Quoting Ted1983

When fib nazis....
Ok so now you're just trolling, which detracts from any point you might have been trying to make.

I've noticed one thing in this thread, the majority of people who advocate the use of Fibs and who have developed the necessary skills to trade those levels profitably seem quite relaxed and confident in their knowledge. Some of the anti's on the other hand seem quite upset about the whole thing, retaliating with emotive and inflammatory remarks like the one above. That alone speaks volumes in my opinion.

If this is some kind of veiled attempt to goad experienced Fib traders to hand you a profitable strategy on a plate under the guise of 'prove Fibs work' then may I suggest you do some research of your own instead of waiting for others to spoon feed you.
  • #196
  • Edited May 3, 2010 11:54am May 2, 2010 3:20pm | Edited May 3, 2010 11:54am


(PS: Don't bother commenting or asking any sort of questions - Thanks)
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd daily.gif Size: 32 KB
  • #197
  • May 2, 2010 3:43pm May 2, 2010 3:43pm
I like your clock indicator. Mind posting it? (Sorry for the question, couldn't be helped)
  • #198
  • May 2, 2010 3:53pm May 2, 2010 3:53pm
YES! I SEE IT!!!! I will be looking for a 61.8% retrace on this move down when it bottoms...........
  • #199
  • May 2, 2010 4:07pm May 2, 2010 4:07pm
That is a cool clock indi.
Quoting Ted1983
I like your clock indicator. Mind posting it? (Sorry for the question, couldn't be helped)
  • #200
  • May 2, 2010 4:16pm May 2, 2010 4:16pm
Quoting waves
YES! I SEE IT!!!! I will be looking for a 61.8% retrace on this move down when it bottoms...........
Hey smelly fingers!
0 traders viewing now