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Fibonacci Indicator? Is it a big Joke?

  • #241
  • Aug 13, 2016 7:02am Aug 13, 2016 7:02am
Maximum power buyer and seller for all JPY cross is 2.618 the rest is 1.618
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #242
  • Aug 13, 2016 7:08am Aug 13, 2016 7:08am
Quoting domba
Maximum power buyer and seller for all JPY cross is 2.618 the rest is 1.618
But where is the 2.618?
(.)(.) think first ...
  • #243
  • Aug 13, 2016 8:07am Aug 13, 2016 8:07am
Quoting maximumguita
{quote} But where is the 2.618?
Ask Kuroda, only he know where is
If you like my post throw me a Doge: D9eyP5TFYGDaN1JpjyU4jaU9ypg2wUk8Zp
  • #244
  • Aug 13, 2016 8:25am Aug 13, 2016 8:25am
Quoting maximumguita
my Tipp: look at one strong move from the last time, draw a Fibo and move with exactly this Fibo around the chart. Maybe you will see something useful and get a feeling how the market works. Ill be Back did the first step maybe there are more steps how to use this tool. btw Domba get it right as he said "good for quantitative analysis". It is more a tool to have an overview if the price is very stretched or to find places where i dont want to be in a trade anymore and so on. Just my view attached is a picture from the USDJPY 1H maybe you play...

any Feedback
(.)(.) think first ...
  • #245
  • Edited 7:30pm Aug 13, 2016 5:48pm | Edited 7:30pm
Quoting Prochartist
{quote} If you use fib levels 100% you are blind
or you see more than you would usualy see. If you like, look at post 240.
btw why did you open this thread if you dont like Fibos or did i understood something wrong?
(.)(.) think first ...
  • #246
  • Aug 15, 2016 12:05pm Aug 15, 2016 12:05pm
Quoting maximumguita
{quote} or you see more than you would usualy see. If you like, look at post 240. btw why did you open this thread if you dont like Fibos or did i understood something wrong?
Fibos indicator is a big lie and traders especially new ones should know about that
Forex
  • #247
  • Aug 15, 2016 2:07pm Aug 15, 2016 2:07pm
Quoting Prochartist
{quote} Fibos indicator is a big lie and traders especially new ones should know about that
why didnīt you call this thread only "Hey everyone, listen, using Fibo-indicators is danger"
(.)(.) think first ...
  • #248
  • Aug 15, 2016 2:09pm Aug 15, 2016 2:09pm
Quoting maximumguita
{quote} why didnt you call this thread only "Hey everyone, listen, using Fibo-indicators is danger"
Fibo is a joke as an indicator ... That's what's make it funny to write about it
Forex
  • #249
  • Aug 15, 2016 2:10pm Aug 15, 2016 2:10pm
Quoting Prochartist
{quote} Fibo is a joke as an indicator ... That's what's make it funny to write about it
lol its a joke because you don't know how to use it
  • #250
  • Edited Aug 16, 2016 2:00pm Aug 15, 2016 2:14pm | Edited Aug 16, 2016 2:00pm
Quoting Prochartist
{quote} Fibo is a joke as an indicator ... That's what's make it funny to write about it
ah ok , this is the "the realy useless Thread" reloaded v2 " the realy realy useless thread"
(.)(.) think first ...
  • #251
  • Aug 15, 2016 5:32pm Aug 15, 2016 5:32pm
Quoting Prochartist
{quote} Fibo is a joke as an indicator ... That's what's make it funny to write about it
With a name like Prochartist and calls Fibs an indicator - now that is a joke.
It never gets easier, you just get better
  • #252
  • Aug 15, 2016 5:38pm Aug 15, 2016 5:38pm
Quoting Shabs19
{quote} With a name like Prochartist and calls Fibs an indicator - now that is a joke.
maybe itīs a Typing error and he ment "porch artist" ??
(.)(.) think first ...
  • #253
  • Aug 15, 2016 6:28pm Aug 15, 2016 6:28pm
Quoting Prochartist
{quote} Fibo is a joke as an indicator ... That's what's make it funny to write about it
still a newbie since 2011...very sad for you. that's like 10 years now,actually 10years and some months. learn better and well.
Nothing stands in the way of a person's will -THE MYSTICS
  • #254
  • Aug 16, 2016 2:02am Aug 16, 2016 2:02am
Quoting Patrich
{quote} still a newbie since 2011...very sad for you. that's like 10 years now,actually 10years and some months. learn better and well.
Fib indicators are only for marketing zero efficiency on charts for any trader... its simply an imaginary indicator with random levels assuming the market will follow and guess what never the market follow those levels than fibo levels adjust levels to simply do marketing i know forex by heart & i know what i m talking about when i say fib indicator is a lie
Forex
  • #255
  • Aug 16, 2016 2:03am Aug 16, 2016 2:03am
Quoting maximumguita
{quote} maybe its a Typing error and he ment "porch artist" ??
when you realize that indicators all of them calculate the past... its when you become a pro chartist
Forex
  • #256
  • Aug 16, 2016 2:37am Aug 16, 2016 2:37am
Quoting Prochartist
{quote} when you realize that indicators all of them calculate the past... its when you become a pro chartist
i use them to calculate the Future
(.)(.) think first ...
  • #257
  • Aug 16, 2016 3:22am Aug 16, 2016 3:22am
Quoting maximumguita
{quote} i use them to calculate the Future
me too... accuracy is unimaginable. that dude needs to wake up.
Nothing stands in the way of a person's will -THE MYSTICS
  • #258
  • Aug 16, 2016 6:51am Aug 16, 2016 6:51am
Quoting Prochartist
{quote} when you realize that indicators all of them calculate the past... its when you become a pro chartist
You still don't get Fibs, you must have failed using them or got the wrong information on how to use them.

A Pro chartist with limited understanding and a closed mind.
It never gets easier, you just get better
  • #259
  • Aug 23, 2016 8:33pm Aug 23, 2016 8:33pm
When i ask a forex trader who use fibo indicators to prove that they work and to show a statement with explanation about fibo indicators all run away.
when i ask a forex trader who use fibo indicators to explain the past moves on charts all become very smart ... it prove my point of view fibo is a big lie
Forex
  • #260
  • Edited Aug 24, 2016 3:58pm Aug 23, 2016 8:55pm | Edited Aug 24, 2016 3:58pm
Quoting Prochartist
When i ask a forex trader who use fibo indicators to prove that they work and to show a statement with explanation about fibo indicators all run away. when i ask a forex trader who use fibo indicators to explain the past moves on charts all become very smart ... it prove my point of view fibo is a big lie
Nothing stands in the way of a person's will -THE MYSTICS
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