Attachments: Why 61.8%?

Why 61.8%?

#181
May 2, 2010 11:27am May 2, 2010 11:27am

GEfx
Joined May 2009 | Status: Trader | 3,730 Posts

Quoting pipmutt

Disliked

Yep, you too. As the saying goes 'you can lead a horse to water....'

Short week this coming week, Bank Holiday here in UK.

Ignored

Best wishes!

#182
May 2, 2010 11:27am May 2, 2010 11:27am

Ted1983
| Joined Oct 2006 | Status: Britunculus | 940 Posts

Quoting auxesis

Disliked

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.

Ignored

Hollow platitudes and mindless self congratulation.

I'm swimming as hard as I can, Sir!

#183
May 2, 2010 11:30am May 2, 2010 11:30am

auxesis
Joined Apr 2007 | Status: (Latin: statūs), rank, state | 3,127 Posts

Quoting GEfx

Disliked

it occurred to me that we would be in trouble if your pup started sleeping on the stairs.

Ignored

ROLF! He isn't so smart, I beat him playing chess last week3 games out of 4

#184
May 2, 2010 11:37am May 2, 2010 11:37am

pipmutt
Joined Apr 2008 | Status: Parsimony Rulez! | 3,216 Posts

Quoting Ted1983

Disliked

You mean I have a mind in the first place, right?

Ignored

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 11:55am May 2, 2010 11:55am

Sim
Joined Jun 2009 | Status: Trader | 2,000 Posts

Quoting Ted1983

Disliked

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.

Ignored

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 12:07pm May 2, 2010 12:07pm

Ted1983
| Joined Oct 2006 | Status: Britunculus | 940 Posts

Quoting Sim

Disliked

.

now from seeing your constant requests here it realllly seems like you are quite lost.

Ignored

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 12:11pm May 2, 2010 12:11pm

Sim
Joined Jun 2009 | Status: Trader | 2,000 Posts

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 12:13pm May 2, 2010 12:13pm

Ted1983
| Joined Oct 2006 | Status: Britunculus | 940 Posts

Quoting Sim

Disliked

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?

Ignored

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 12:18pm May 2, 2010 12:18pm

Sim
Joined Jun 2009 | Status: Trader | 2,000 Posts

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 12:20pm May 2, 2010 12:20pm

Ted1983
| Joined Oct 2006 | Status: Britunculus | 940 Posts

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 12:22pm May 2, 2010 12:22pm

Sim
Joined Jun 2009 | Status: Trader | 2,000 Posts

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 12:22pm May 2, 2010 12:22pm

Ted1983
| Joined Oct 2006 | Status: Britunculus | 940 Posts

Quoting Sim

Disliked

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...

Ignored

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 12:23pm May 2, 2010 12:23pm

Ted1983
| Joined Oct 2006 | Status: Britunculus | 940 Posts

Quoting Sim

Disliked

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 ()

Ignored

I reserve the right to expand on my responses for clarity.

#194
May 2, 2010 12:24pm May 2, 2010 12:24pm

Jonty
| Joined Apr 2010 | Status: Trader | 137 Posts

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 12:39pm May 2, 2010 12:39pm

pipmutt
Joined Apr 2008 | Status: Parsimony Rulez! | 3,216 Posts

Quoting Ted1983

Disliked

When fib nazis....

Ignored

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 9:54am May 2, 2010 1:20pm | Edited May 3, 2010 9:54am