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Why do people use Fibonacci in trading?

  • #261
  • Apr 18, 2013 2:21pm Apr 18, 2013 2:21pm
Quoting Tradedly
A pretty simple approach to today's Cable move that certainly makes an argument regarding Fibs: http://youtu.be/om-2OfjZ-uE
Well done!
  • #262
  • Apr 18, 2013 6:55pm Apr 18, 2013 6:55pm
Why do people use Fibonacci in trading?

because they want to get the discount
but if the discount is on offer is more than 50%
be careful
could be the goods are damaged or expired

salaam
  • #263
  • Apr 18, 2013 10:06pm Apr 18, 2013 10:06pm
Quoting mr.kho
Why do people use Fibonacci in trading? because they want to get the discount but if the discount is on offer is more than 50% be careful could be the goods are damaged or expired salaam
hehehe!

but if the discount goes from 50% to 61.8%... it's probably a bargain with money back guarantee!
cryptocurrency everytime
  • #264
  • Apr 18, 2013 10:28pm Apr 18, 2013 10:28pm
Quoting venzen
hehehe! but if the discount goes from 50% to 61.8%... it's probably a bargain with money back guarantee!


but if the discount goes from 50% to 61.8%... it's probably a bargain with money back guarantee!

salaam
  • #265
  • Apr 18, 2013 10:30pm Apr 18, 2013 10:30pm
Quoting Tradedly
A pretty simple approach to today's Cable move that certainly makes an argument regarding Fibs: http://youtu.be/om-2OfjZ-uE
nice one, Tradedly
cryptocurrency everytime
  • #266
  • Apr 19, 2013 1:37am Apr 19, 2013 1:37am
Quoting venzen
hehehe! but if the discount goes from 50% to 61.8%... it's probably a bargain with money back guarantee!

I personally prefer a reasonable discount
usually the goods have slightly flawed
others may differ

salaam
  • #267
  • Apr 19, 2013 2:37pm Apr 19, 2013 2:37pm
  •  traade
  • | Joined Apr 2013 | Status: the market knows every move u got | 14 Posts
this thread is one of the best I've come across lately. come to think of it, lets say if you discovered the holy grail wouldn't it be to your advantage to keep it a secret by vigorously promoting Fibonacci, Elliot wave, ichimoku kinko hyo, Gann angle, Macd, fractal analysis, celebrity trading authors etc given the fact that more than 80% of the human race are susceptible to religion. such a scenario would guarantee that the majority would persecute the minority who think outside the box whenever they get closer to the holy grail.
  • #268
  • Apr 19, 2013 5:52pm Apr 19, 2013 5:52pm
You think it's a conspiracy theory ?
Let me pop your balloon, there is no holy grail.

Work out which indicators lag price, which lead price and which guide you to price and then learn how to use the indicators properly.
It never gets easier, you just get better
  • #269
  • Apr 19, 2013 7:07pm Apr 19, 2013 7:07pm
Quoting Shabs19
You think it's a conspiracy theory ? Let me pop your balloon, there is no holy grail. Work out which indicators lag price, which lead price and which guide you to price and then learn how to use the indicators properly.
All indicators lag......there are no 'leading' indicators.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #270
  • Apr 19, 2013 7:47pm Apr 19, 2013 7:47pm
Quoting Tradedly
A pretty simple approach to today's Cable move that certainly makes an argument regarding Fibs:
No less simple is... wut? pivots !!
Throw in a (near) double bottom, an occasional MA bounce
and a move up to fill the "hole" (where sellers got left behind?)

Looks like "synchronicity" without drawing a fib. (and I'm not (fibbin')

Have the very greatest of weekends
Attached Image (click to enlarge)
Click to Enlarge Name: Synchronicity B.gif Size: 29 KB
When the Joker is in the deck.. fear not and play it well
  • #271
  • Apr 19, 2013 8:53pm Apr 19, 2013 8:53pm
Quoting realjumper
All indicators lag......there are no 'leading' indicators.
Regarding leading and lagging indicators
Leading vs. Lagging Indicators

Baby Pips lesson....


http://www.babypips.com/school/leadi...ndicators.html


I'm not arguing.... take it for what it's worth
You're the 10v man whom I know will ban me in a heartbeat so
that was posted for informational purpose only.
I have no opinion.



comprende ?


Have a great day.
When the Joker is in the deck.. fear not and play it well
  • #272
  • Apr 19, 2013 8:57pm Apr 19, 2013 8:57pm
Quoting Slim Buffett
Regarding leading and lagging indicators Leading vs. Lagging Indicators Baby Pips lesson.... http://www.babypips.com/school/leadi...ndicators.html I'm not arguing.... take it for what it's worth You're the 10v man whom I know will ban me in a heartbeat so that was posted for informational purpose only. I have no opinion. comprende ? Have a great day.
With all respect to you, did you read this article ???

Quote
A leading indicator gives a signal before the new trend or reversal occurs.

This is a joke

If such an indicator really exist, we should be all rich since a while
MT4/MT5 EAs/Indicators/Alerts coder
  • #273
  • Apr 19, 2013 9:07pm Apr 19, 2013 9:07pm
Quoting Slim Buffett
Regarding leading and lagging indicators Leading vs. Lagging Indicators Baby Pips lesson.... http://www.babypips.com/school/leadi...ndicators.html I'm not arguing.... take it for what it's worth You're the 10v man whom I know will ban me in a heartbeat so that was posted for informational purpose only. I have no opinion. comprende ? Have a great day.
"take it for what it's worth".....lol...it's worth nothing, and babypips more or less says as much.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #274
  • Apr 19, 2013 9:10pm Apr 19, 2013 9:10pm
Quoting FerruFx
With all respect to you, did you read this article ??? This is a joke If such an indicator really exist, we should be all rich since a while
With all respect in return...... just as people believe in fibbo' ...
often... traders believe they see "divergence" regarding an
indicator.
Said divergence often proves to be true. Would that not be a leading
indicator ??? Inasmuch as a fib level is a leading indicator ??

If people believe in in Fib's then it must be a leading indicator.... right?
When the Joker is in the deck.. fear not and play it well
  • #275
  • Apr 19, 2013 9:19pm Apr 19, 2013 9:19pm
Quoting Slim Buffett
With all respect in return...... just as people believe in fibbo' ... often... traders believe they see "divergence" regarding an indicator. Said divergence often proves to be true. Would that not be a leading indicator ??? Inasmuch as a fib level is a leading indicator ?? If people believe in in Fib's then it must be a leading indicator.... right?
Beliefs have always lead humans ...

Of course I am not saying that fibo or divergences aren't working for some traders ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #276
  • Apr 19, 2013 9:37pm Apr 19, 2013 9:37pm
Quoting realjumper
"take it for what it's worth".....lol...it's worth nothing, and babypips more or less says as much.
Cool...... as far as I can ascertain Mr. RJ uses stoch in his trading method.
If Mr. RJ didn't believe that stoch was a leading indi... why bother
Apparently, the stoch is leading him to make better trading decisions.

Perhaps............ he's using it and doesn't know what it is ???

http://www.tradingmarkets.com/recent...ng-679183.html


idk
When the Joker is in the deck.. fear not and play it well
  • #277
  • Apr 19, 2013 10:30pm Apr 19, 2013 10:30pm
Quoting realjumper
I agree that it is essential that the trader must understand PA....implicitly, and the only way to get that knowledge is screen time. Some people get very anal when others use indicators, and it's silly.....it's just ego. As long as the trader understands PA and how to take pips from the market consistently, then it doesn't matter whether he does it with indicators or not. The end justifies the means!
Exactly boss! Though I am new I got the feelings and believe that I should not waste time knowing how to use the indicators and so on...
  • #278
  • Apr 19, 2013 10:55pm Apr 19, 2013 10:55pm
Quoting Red Herring
Exactly boss! Though I am new I got the feelings and believe that I should not waste time knowing how to use the indicators and so on...
If you read closely, it seems as though the boss has tickled your anal fantasy.

idk........... I'm just sayin'
When the Joker is in the deck.. fear not and play it well
  • #279
  • Apr 19, 2013 11:08pm Apr 19, 2013 11:08pm
Quoting Slim Buffett
Cool...... as far as I can ascertain Mr. RJ uses stoch in his trading method. If Mr. RJ didn't believe that stoch was a leading indi... why bother Apparently, the stoch is leading him to make better trading decisions. Perhaps............ he's using it and doesn't know what it is ???
Using an indicator doesn't mean that we believe that it is a leading indicator ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #280
  • Apr 19, 2013 11:10pm Apr 19, 2013 11:10pm
Quoting Red Herring
Exactly boss! Though I am new I got the feelings and believe that I should not waste time knowing how to use the indicators and so on...
PS............... If you're going to trade realize that no one is "the boss" unless
you're actually working for someone else.

Learn to form your own ideas without the boss looking over your back.

If you want to call someone "the boss" go back to work at the 9-5

comprende ??

all the best
When the Joker is in the deck.. fear not and play it well
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