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What is the Differences between Fibonacci Fan and Fibonacci Arcs 15 replies

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Fibonacci Indicator? Is it a big Joke?

  • #201
  • Oct 21, 2015 7:17am Oct 21, 2015 7:17am
Quoting alphaomega
{quote} Efficient market hypothesis is pure nonsense! Markets are only efficient in terms of matching buyers and sellers. But when it comes to determining the "fair" value.....there is almost zero efficiency. That's why we have things like market crashes, speculative bubbles, overreaction and underreaction to news.....and constant NOISE. A lot of noise! Everyone have different ideas and expectations in terms of fair value/price. Not to mention that the big players constantly create additional inefficiencies on the micro timeframes just because they...

Like your comments - "Without fish shark can not survive"

Sheeps & lambs created by GOD to be eaten by Lions!

& We are the eventual lions
It is the dust where you came from & it is the dust where you shall return
  • #202
  • Oct 21, 2015 7:24am Oct 21, 2015 7:24am
Awesome!

Quoting alphaomega
{quote} Efficient market hypothesis is pure nonsense! Markets are only efficient in terms of matching buyers and sellers. But when it comes to determining the "fair" value.....there is almost zero efficiency. That's why we have things like market crashes, speculative bubbles, overreaction and underreaction to news.....and constant NOISE. A lot of noise! Everyone have different ideas and expectations in terms of fair value/price. Not to mention that the big players constantly create additional inefficiencies on the micro timeframes just because they...
SPC * Swollen PocketZ Crew!
  • #203
  • Oct 21, 2015 8:09am Oct 21, 2015 8:09am
Quoting Shabs19
{quote} You are right about the second group, and you can spot them quite easily.
Of course I'm right. One thing to remember however is, that no matter how good you are as a trader, you always have to watch your back. Because there are always bigger, faster and smarter sharks swimming around. From time to time even the best traders join the fish.
  • #204
  • Oct 21, 2015 8:31am Oct 21, 2015 8:31am
Quoting alphaomega
{quote} Of course I'm right. One thing to remember however is, that no matter how good you are as a trader, you always have to watch your back. Because there are always bigger, faster and smarter sharks swimming around. From time to time even the best traders join the fish.
The trick is not to stay in the water too long ......................
It never gets easier, you just get better
  • #205
  • Oct 21, 2015 8:52am Oct 21, 2015 8:52am
Quoting Shabs19
{quote} The trick is not to stay in the water too long ......................
Quite right! Any good speculator who's been around long enough knows this. Timing and knowing when to get out is the most important thing in this game. You can see that even some legendary speculators wrote about this problem 100 years ago (like jesse Livermore, where he talks about the "Involuntary Investor").
People should just read more books to see that there is nothing new in the markets. No need to reinvent the wheel. The core of the game is always the same, only the players change. The simple strategies that worked 100 years ago, tend to work just as well today.
  • #206
  • Oct 21, 2015 11:15am Oct 21, 2015 11:15am
Quoting albchr
This thread gets more entertaining every day. BTW, A fib is not an indicator. It's a tool. In the right hands it works very well. Just because you smash your thumb, doesn't mean the hammer won't work perfectly for driving nails.
Your analogy is not correct.
You know what a hammer will do..
You have no idea what Fib levels will do.
  • #207
  • Oct 21, 2015 11:23am Oct 21, 2015 11:23am
Quoting Mingary
{quote} Your analogy is not correct. You know what a hammer will do.. You have no idea what Fib levels will do.
Your assumption is not correct. I know what each will do.
Ghost Rider - WWTBMD?
  • #208
  • Oct 21, 2015 11:44am Oct 21, 2015 11:44am
lets be honest ,you think you know what a low probability hammer will do on its own ,or that you can pull a fib and it would always respect to the t ,its not going to happen ,its never going to be easy mostly a lack of understanding starts such a thread as this ,

Quoting Mingary
{quote} Your analogy is not correct. You know what a hammer will do.. You have no idea what Fib levels will do.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #209
  • Oct 21, 2015 11:49am Oct 21, 2015 11:49am
Quoting Bones
lets be honest ,you think you know what a low probability hammer will do on its own ,or that you can pull a fib and it would always respect to the t ,its not going to happen ,its never going to be easy mostly a lack of understanding starts such a thread as this , {quote}

The battle of the tools --- Fibs Vs Hammer

Can you show me a high probability fib level ?

and I will show you what a hammer can do 100 % of the time (:

Probability Vs Certainty ... easy to confuse the two in the Forex world. Probability tends to become certainty in the mind of the forex enthusiasts -- much to their disappointment.
  • #210
  • Oct 21, 2015 11:53am Oct 21, 2015 11:53am
Quoting Mingary
{quote} Can you show me a high probability fib level ? and I will show you what a hammer can do 100 % of the time (:
I already have. And there's a host of threads including mine that show it's effectiveness all the time.

Really? You telling me you've "never" missed the nail with a hammer? ... You're 100% perfect driving nails? Horse hockey!
Ghost Rider - WWTBMD?
  • #211
  • Oct 21, 2015 12:06pm Oct 21, 2015 12:06pm
yet another long discussion to mask over a simple and quick concept: trading range.
"Holy Grail" exists - accepting where is the first step.
  • #212
  • Oct 21, 2015 12:54pm Oct 21, 2015 12:54pm
your not listing hammer is not high probability without other factors at all ,on its own
its one of the least reliable candle patterns ,
just like a fib level ,your gonna need to be a bit more in tune that the simple fact of any level ,

come on thread starter has been a member here since 2009


Quoting Mingary
{quote} The battle of the tools --- Fibs Vs Hammer Can you show me a high probability fib level ? and I will show you what a hammer can do 100 % of the time (: Probability Vs Certainty ... easy to confuse the two in the Forex world. Probability tends to become certainty in the mind of the forex enthusiasts -- much to their disappointment.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #213
  • Oct 21, 2015 1:01pm Oct 21, 2015 1:01pm
Quoting Bones
your not listing hammer is not high probability without other factors at all ,on its own its one of the least reliable candle patterns , just like a fib level ,your gonna need to be a bit more in tune that the simple fact of any level , come on thread starter has been a member here since 2009 {quote} {image}
Sorry for the confusion .. I am referring to the real hammer -- not the candle pattern ..

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  • #214
  • Oct 21, 2015 1:07pm Oct 21, 2015 1:07pm
Quoting VaBikePacker
yet another long discussion to mask over a simple and quick concept: trading range.
Hey VBP! ... Just a fun way to kill time when the market is slow. ... lol
Ghost Rider - WWTBMD?
  • #215
  • Oct 21, 2015 1:13pm Oct 21, 2015 1:13pm
lol oh right

Quoting Mingary
{quote} Sorry for the confusion .. I am referring to the real hammer -- not the candle pattern .. {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #216
  • Oct 21, 2015 1:21pm Oct 21, 2015 1:21pm
LOL ... See? Now that was funny! Where else but a trading forum could a hammer, be confused with a hammer? ....

Beautiful day here. I'm going out. Enjoy the day folks.
Ghost Rider - WWTBMD?
  • #217
  • Oct 21, 2015 1:42pm Oct 21, 2015 1:42pm
Quoting VaBikePacker
yet another long discussion to mask over a simple and quick concept: trading range.
It's more breaks of trading ranges & breaks of major support & resistance where fib tools come into their own.
A trending market is important here, I don't think it works as well with a ranging market unless the range is large enough.
Can drop to smaller timeframes to find a trend, if you are desperate to trade.

Markets breakout of ranges, make new highs, new lows, and retrace & then extend usually due to new orders coming into the market.
It is a simple concept I agree, and you can make trading as simple or as difficult as you want it to be also.

Can we have pinpoint accuracy ? No we can't, as I have explained earlier. (this seems to be the main gripe).
Does it always work ? It is a probabilities game, all we need is an edge to profit.
How to use it ? We all seem to have different uses for the tool, many types are available, each to his own style of trading here.
I can't comment on how others are using fib tools. I expect their results justify their own style.

Certain fib levels work better than others, depends on the currency pair, timeframe, market volatility, and location of major support & resistance levels.
For me , it provides a trading framework, entry stoploss & take profit, that fits neatly into my trading method.

If it works for you that's fine, If it doesn't that's fine also. There are a whole load more TA tools for you try.
It never gets easier, you just get better
  • #218
  • Oct 21, 2015 2:03pm Oct 21, 2015 2:03pm
Quoting Mingary
{quote} Sorry for the confusion .. I am referring to the real hammer -- not the candle pattern .. {image}
Inserted Video
It never gets easier, you just get better
  • #219
  • Oct 21, 2015 8:01pm Oct 21, 2015 8:01pm
Quoting Shabs19
{quote} It's more breaks of trading ranges & breaks of major support & resistance where fib tools come into their own. A trending market is important here, I don't think it works as well with a ranging market unless the range is large enough. Can drop to smaller timeframes to find a trend, if you are desperate to trade. Markets breakout of ranges, make new highs, new lows, and retrace & then extend usually due to new orders coming into the market. It is a simple concept I agree, and you can make trading as simple or as difficult as you want it to...
I don't disagree...I lightly eye fibs, but not in the traditional sense...

Pinpoint accuracy? I actually think it's more possible than most of us are willing to admit..
"Holy Grail" exists - accepting where is the first step.
  • #220
  • Oct 21, 2015 8:13pm Oct 21, 2015 8:13pm
Quoting albchr
LOL ... See? Now that was funny! Where else but a trading forum could a hammer, be confused with a hammer? .... Beautiful day here. I'm going out. Enjoy the day folks.
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