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Miracle the Kaaba Fibonacci Theory 1.618

  • #1
  • First Post: Dec 10, 2013 7:44pm Dec 10, 2013 7:44pm
Many people think the number 1.618 is a fools number or just coincidence that this number everything reacts. Good to see it being used outwith the markets for observation seems to have merit imo.

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  • #2
  • Dec 10, 2013 8:10pm Dec 10, 2013 8:10pm
Quoting Pipanator
Many people think the number 1.618 is a fools number or just coincidence that this number everything reacts. Good to see it being used outwith the markets for observation seems to have merit imo.
Doesn't mater the numbers. Fibo or any well known numbers like pivots react because of people believe.

If today I decide to create a number - let's say 29.3569851236584879 - after few months/years and more people use it day after day ... the market will start to react at it.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3
  • Dec 10, 2013 9:55pm Dec 10, 2013 9:55pm
Quoting FerruFx
{quote} react because of people believe.

That much is true (IMO)

Read more.....

The Fibonacci Series


Fibonacci Foolishness.


Golden Spiral Hype.....


and more/


http://www.lhup.edu/~dsimanek/pseudo/fibonacc.htm
When the Joker is in the deck.. fear not and play it well
  • #4
  • Dec 10, 2013 10:55pm Dec 10, 2013 10:55pm
Quoting Pipanator
Many people think the number 1.618 is a fools number or just coincidence that this number everything reacts. Good to see it being used outwith the markets for observation seems to have merit imo. http://www.youtube.com/watch?v=CmfJpLYc6kc

this is a bunch of woowoo
AVT INVENIAM VIAM AVT FACIAM
  • #5
  • Dec 12, 2013 10:50pm Dec 12, 2013 10:50pm
Is this another Haroon Yahya junk science video?
  • #6
  • Dec 13, 2013 7:10am Dec 13, 2013 7:10am
mass believe?
but why 95 % loosing?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #7
  • Dec 13, 2013 7:17am Dec 13, 2013 7:17am
Quoting ud1nh0
mass believe? but why 95 % loosing?
May be because the belief is wrong !
MT4/MT5 EAs/Indicators/Alerts coder
  • #8
  • Dec 13, 2013 7:24am Dec 13, 2013 7:24am
Quoting FerruFx
{quote} May be because the belief is wrong !

oh, i get it.
it react because of mass believe. but the reaction would not always follow majority. rite?
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #9
  • Dec 13, 2013 5:50pm Dec 13, 2013 5:50pm
Quoting FerruFx
{quote} Doesn't mater the numbers. Fibo or any well known numbers like pivots react because of people believe. If today I decide to create a number - let's say 29.3569851236584879 - after few months/years and more people use it day after day ... the market will start to react at it.
Well, in some ways you are right, in other ways, not so much.

I found that Pevasanto numbers were much more accurate than I presumed.
That's why I wrote a weird divergence indicator based on iStochastic (even if the stochastic calculation is wrong and so, the values provided by brokers are wrong).

Catch this !
// Fibo number : 1 2 3 5 8 13 21 34 55 89 144 233
// First Golden Number: 0.236 - 0.30 - 0.486 - 0.618 - 0.786 - 1.272 - 1.618 - 2.058 - 2.618 - 3.33
// Second: Standard Fibo 0.236-0.382-0.5-0.618-0.764-0.854-1.0-1.236-1.618-2.0-2.618
// Third: Larry Pesavento's numbers
// 0.25 - 0.382 - 0.5 - 0.618 - 0.707 - 0.786 - 0.841 - 1.0 - 1.128 - 1.272 - 1.414 - 1.618 - 2.0 - 2.618

this indicator works well sometimes even if its logic is unsound
PS: tu me trouves là ou tu ne croyais pas me trouver ! lol
Attached File(s)
File Type: mq4 Fibo_Stochastic_Pesavento_jytv6.mq4   13 KB | 700 downloads
  • #10
  • Dec 13, 2013 10:10pm Dec 13, 2013 10:10pm
The masses believe in fibonacci. They also believe in big round numbers and major trendlines. The banks believe in them too, or at least that there are lots of retailers placing their orders at that price ripe for exploit. Traditional technical analysis is there to trap you, not help you. Just the other day there was a very clear bear trap on the Euro before it dropped like a rock. Banks needed people willing to sell them short positions, and retailers did just that when they stopped out.
  • #11
  • Dec 14, 2013 10:11am Dec 14, 2013 10:11am
Try Pivots too. Not just fibo numbers.

Here's a pivot indicator.
Attached File(s)
File Type: mq4 Pivot Points - Daily (Shifted).mq4   11 KB | 399 downloads
  • #12
  • Dec 14, 2013 3:02pm Dec 14, 2013 3:02pm
Pevasanto numbers are *NOT* Fibonacci numbers, even if the rest of numbers looks to be the same
  • #13
  • Dec 14, 2013 3:19pm Dec 14, 2013 3:19pm
Quoting Kanzler
The masses believe in fibonacci. They also believe in big round numbers and major trendlines. The banks believe in them too, or at least that there are lots of retailers placing their orders at that price ripe for exploit. Traditional technical analysis is there to trap you, not help you. Just the other day there was a very clear bear trap on the Euro before it dropped like a rock. Banks needed people willing to sell them short positions, and retailers did just that when they stopped out.
This is pretty accurate.

People put too much belief in technical indicators and patterns without understanding why they work. Just because price hits a fib number and reverses doesn't mean that it reversed because that number is "magical." It reversed because of orders, an imbalance of supply and demand at that certain fib level. There is a whole story going on behind your charts, figure it out and you have a real edge over the retail masses.
  • #14
  • Jan 4, 2014 3:14pm Jan 4, 2014 3:14pm
I used to believe in that theory that markets where manipulated however I have overseen it after 2 years of observations they simply move in the same wave motions as radio waves, oceon waves, galaxies on the same ratios and patterns. Novice traders get mixed up thinking fast volatility movement = stop hunting (thats there inability to use proper risk management skills not stop hunting a $100 trader?) Why would they target the small guy anyway he is nothing compared to the 4 trillion dollar market.

I believe there is stop hunting going on between banks making deals between themselves to benefit the other raising and loweing price those that have power and money to move the markets.
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  • #15
  • Jan 4, 2014 4:28pm Jan 4, 2014 4:28pm
Quoting Pipanator
I used to believe in that theory that markets where manipulated however I have overseen it after 2 years of observations they simply move in the same wave motions as radio waves, oceon waves, galaxies on the same ratios and patterns. Novice traders get mixed up thinking fast volatility movement = stop hunting (thats there inability to use proper risk management skills not stop hunting a $100 trader?) Why would they target the small guy anyway he is nothing compared to the 4 trillion dollar market. I believe there is stop hunting going on between...
because that's the whole point? don't allow $100 trader to become wealthy? and btw 4 trillion is a BS...they raised the leverage massively so they can trade the same "volume" but the actual money ain't there anymore.
  • #16
  • Jan 5, 2014 7:51am Jan 5, 2014 7:51am
GREED... Broker data proves it year after year... Holding on too long.... NOT TAKING PROFIT

Pigs get slaughtered...

Quoting ud1nh0
mass believe? but why 95 % loosing?
SPC * Swollen PocketZ Crew!
  • #17
  • Jan 6, 2014 6:14am Jan 6, 2014 6:14am
So you are trying to bring religion to FOREX. LOL. I suppose since the participants in FOREX are human, so that element might weigh on some of them, but SERIOUSLY!
  • #18
  • Last Post: Jan 9, 2014 12:26am Jan 9, 2014 12:26am
Quoting JoeNY
GREED... Broker data proves it year after year... Holding on too long.... NOT TAKING PROFIT Pigs get slaughtered... {quote}
let's check if this kaaba fibonacci theory 1.618 works..
http://charts.mql5.com/3/524/eurusd-...orporation.png
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