Where is the logic behind applying Fibonacci to trading? | Page 15 | Forex Factory

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Where is the logic behind applying Fibonacci to trading?

  • #281
  • Apr 10, 2016 4:17am Apr 10, 2016 4:17am
Quoting The Cableguy
{quote} I love this quote! albchr - it was a pleasure sir.
... comes from more than a couple years trying to explain what you are. The significance of the golden ratio when used properly and in conjunction with other factors and well ... a little common sense.

I gave up when it became apparent that most everyone is only looking for that holy grail and just couldn't get past their thinking that all you need to do is slap it on chart and blindly buy or sell when price reached one of those ratios.

I subscribed to your thread and spent the night going thru it. Impressive!! I will continue to watch. The pleasure is mine sir!
Ghost Rider - WWTBMD?
  • #282
  • Apr 10, 2016 6:43am Apr 10, 2016 6:43am
Quoting dkrock
{quote} I recently saw some information on how water crystals change their shape based on the type and tone of words spoken to them. It is fascinating. There are distinct design differences between negatively talking to them, and positively talking to them. Since our bodies are mostly water, it causes you to pause and wonder about that. Good Luck with your trading
You recently saw that? That's been well known for many years now as shown by the man who found it. Dr. Masaru Emoto in the 90's. Google it.

But hey man, that's a really good step in a positive direction for you. ... No wondering about it brother. Perhaps you will learn from it and try to be more positive in the future?

A taste for those too lazy to Google.

Through the 1990’s, Dr. Masaru Emoto performed a series of experiments observing the physical effect of words, prayers, music and environment on the crystalline structure of water. Emoto hired photographers to take pictures of water after being exposed to the different variables and subsequently frozen so that they would form crystalline structures. The results were nothing short of remarkable..
Attached Image
Ghost Rider - WWTBMD?
  • #283
  • Apr 10, 2016 7:03am Apr 10, 2016 7:03am
Quoting albchr
The results were nothing short of remarkable.. {image}
Can you please elaborate what physical effect prayers have upon water? I doubt that those findinfs will be reproduced in a scientific study.
  • #284
  • Apr 10, 2016 7:10am Apr 10, 2016 7:10am
Quoting dkrock
{quote} WTF? Now you need to insult me on any comment? Unlike you, I have a different background of knowledge and do not spend my entire day trolling the Internet. I have been fighting wars and studying markets. You are kinda pathetic in your need for attention. Please stop talking to me. Thanks.
[/quote]

Seriously? I pay you a compliment on your recent discovery, pray you'll learn something from it and share a little more information about it and you take that as an insult? WOW! You are troubled indeed.

If by "trolling the internet" you mean researching back in the 90's the molecular bonding of DNA strands? I stand guilty as charged.

Done here and with you. Best wishes going forward.
Ghost Rider - WWTBMD?
  • #285
  • Apr 10, 2016 7:14am Apr 10, 2016 7:14am
Quoting Kilian19
{quote} Can you please elaborate what physical effect prayers have upon water? I doubt that those findinfs will be reproduced in a scientific study.
Hi Killian, You'd be asking for volumes of information I neither have the time for or inclination to get involved with here. The information is out there for all to find and judge for themselves if truly interested.
Ghost Rider - WWTBMD?
  • #286
  • Apr 10, 2016 7:29am Apr 10, 2016 7:29am
Quoting albchr
{quote} Hi Killian, You'd be asking for volumes of information I neither have the time for or inclination to get involved with here. The information is out there for all to find and judge for themselves if truly interested.
Have you seen this one Chris?

Inserted Video
If you are good at something, never do it for free--Joker
  • #287
  • Apr 10, 2016 7:38am Apr 10, 2016 7:38am
Quoting jmn5611
{quote} Have you seen this one Chris? https://www.youtube.com/watch?v=R8Vy...&nohtml5=False
Can't say that I have Jim. But as you might imagine, going thru the past few years with my mom's cancer kind of took my heart and mind away from such things. But now that that's over with, I'll give it a view for sure. Thanks brother!
Ghost Rider - WWTBMD?
  • #288
  • Apr 10, 2016 9:33am Apr 10, 2016 9:33am
Fibonacci is a great tool which no one should ignore. It helps one to hold on to positions that are already in profit, while while there is retracement. Fibanacci also helps to join trending market after retracement. Look at all GBP pair now. All of them have already taking downtrend. I got in in some pairs using Fib. With the fact that it once failed you doesn't mean Fib is a failed indicator. All setups do fail, otherwise there wouldn't have anything like Stop Loss order. Bullish/Bearish Engulfing do fail. Learn to use it.
Make all mistakes in demo and rain in pips in live account
  • #289
  • Apr 11, 2016 2:56am Apr 11, 2016 2:56am
Quoting 9jatrader
Fibonacci is a great tool which no one should ignore. It helps one to hold on to positions that are already in profit, while while there is retracement. Fibanacci also helps to join trending market after retracement. Look at all GBP pair now. All of them have already taking downtrend. I got in in some pairs using Fib. With the fact that it once failed you doesn't mean Fib is a failed indicator. All setups do fail, otherwise there wouldn't have anything like Stop Loss order. Bullish/Bearish Engulfing do fail. Learn to use it.
I agree. Fibonacci is very useful. support and resistance levels, the entry and exit points in the market, the degree of correction, the probability of breakdown, etc. can be determined by of this indicator. Convenient and useful.
  • #290
  • Apr 11, 2016 10:55am Apr 11, 2016 10:55am
Quoting DonaldB
{quote} I agree. Fibonacci is very useful. support and resistance levels, the entry and exit points in the market, the degree of correction, the probability of breakdown, etc. can be determined by of this indicator. Convenient and useful.
You've said it all Donald. This is because all traders who use it are also watching/monitoring their position with. It also creat opportunity to add more positions to already winner positions after retracement
Make all mistakes in demo and rain in pips in live account
  • #291
  • Last Post: Apr 11, 2016 1:50pm Apr 11, 2016 1:50pm
Quoting Ponzi Jr
Can someone please explain to me why Fibbonacci levels are used in technical analysis? Where is the logic behind assuming that price will respond to these 'magic' levels? Or do they just form a self fulfilling prophesy due to the vast number of people who watch out for them?
Especially there is no logic in that, when somebody uses a platform where current price is brokers manipulated All brokers know that public is using Fib levels, so to predict what public will do - easy
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