Not assumptions. Already validated through practical experience and results....as suspected the wheel is indeed round and admirably fit for (my) purpose.
Do I need to know why, isn't it enough to be satisfied with the results and leave well alone, why fix what isn't broke?
If it works for you; then great. Why fix it?
Because...
1) Others might want to prove to themselves why fib lines work or not as advertised.
2) It's quite possible that your success is due to other reasons than what you attribute!
3) Nevertheless, it's always a good idea to have some type of objective criteria that all can agree to, rather than shadowy hearsay.
More then 99% of all the topic starters in the "Trading Systems" section of this forum have no idea why they put an indicator on a chart and there's no wonder we see so many unprofitable systems. Everybody is trying to impose his own 6 indicators on the market and along averages and RSI, some fancy impossible to pronounce indicator must be present. So if you think that the fibs users are rigid just try to open a topic about elliott waves. 2 different guys can agree on a fib retracement, never on a wave.
Well done mate. You traded a move and put some incosequential lines (as anyone can see) on
the screen to act as psychological crutch. Congratulations on the profit.
When I did yesterday, what you've just done, you lot launched into full attack mode.
So congratulations on being a hypocrite also.
