Another cool thing with these mystical, delusional lines, is that when you make them thick, they stick. And when you make them dotted, they fall through easier.
Time turns trend. - W.D. Gann
Anybody use Bollinger Bands that use fibonacci ratios?? 15 replies
What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies
Why do so many people use MT4? 55 replies
DislikedAccording to Larry Williams, author of Trade Stocks and Commodities with the Insiders: Secrets of the COT Report “Fibonacci retracements are at best a bad tool, at worst a hoax” The report, which is included in the book, found no statistical evidence of the validity of “fibbing”.Ignored
Disliked1.5380 Weekly Pivot And I never drew a single mystical, magical, erroneously mathematical .......... (don't take me too seriously, I'm just the Joker, ya' know) {image} {image}Ignored
DislikedI ever read , the Fibonacci ratios (0.382, 0.500 and 0.618) is like planetary motion ratios (0.38877/0.3902, 0.509 and 0.6151/0.6011). The planetary motions may be of great help to traders in predicting the possible outcomes of market prices over a specified period of time. Or maybe you should read about history of the Fibonacci numbers. -------- 123 trading systemIgnored
DislikedAmazing stand up comedy we have here. Some members writing hilarious posts about fibo tool with no knowledge about it. Keep posting please, I'm having fun. Thank you.Ignored
DislikedFibs, like pivots, Elliott and S/R, are part of the collective markets ongoing self-fulfilling prophecies that occur everyday to guesstimate potential profit taking areas or trend turning points. Were they not so widely used, they would have little relevance.Ignored
Disliked^We all lack the knowledge needed to dispute/verify "potential" universal givens. Fibs and Elliot are not like Support and Pivots. Grouping these is too broad, imo. I like your overall point, and I think there's merit in there, but you must agree to the following: You have NO IDEA whether their relevance is self-fulfilling or spatially universal in nature. Fibs (if you buy into the theory) are valuable because of inherent spatial reasons that govern development. A clear Fib response today! {image}Ignored
DislikedGUESS WHAT GUYS!!!? .... The 38.2 level, on the other hand.... hmm not so much. I saw the guy they hired for that job and he was missing an arm. That obviously means he is 50% less-likely to hit the button according to my math!Ignored