Why do people use Fibonacci in trading? | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Anybody use Bollinger Bands that use fibonacci ratios?? 15 replies

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

Why do so many people use MT4? 55 replies

Why some people use a VPS to trade FOREX? 4 replies

Attachments: Why do people use Fibonacci in trading?
Exit Attachments

Why do people use Fibonacci in trading?

  • #341
  • Apr 24, 2013 10:03pm Apr 24, 2013 10:03pm
[quote=GnarlyPips;6634467]
Quoting Slim Buffett
{quote} If you don't need an equation,
Sir Gnarly
I await your honorable reply

It seems there is much I can learn from you
regarding equations

Please tell us more
When the Joker is in the deck.. fear not and play it well
  • #342
  • Apr 24, 2013 10:14pm Apr 24, 2013 10:14pm
[quote=GnarlyPips;6634467]
Quoting Slim Buffett
{quote} If you don't need an equation, are you saying that you are putting the lines on your chart manually? Are you saying you have no idea what the equation is? How do you not know the equation to the indicator that you are using?
Sir Gnarly
what is your equation for this chart ??

O'Pray... tell me now lest I make an error without your "equation input"
Attached Image (click to enlarge)
Click to Enlarge Name: sya.gif Size: 26 KB
When the Joker is in the deck.. fear not and play it well
  • #343
  • Apr 24, 2013 10:17pm Apr 24, 2013 10:17pm
[quote=Slim Buffett;6634539]
Quoting GnarlyPips
{quote} Sir Gnarly I await your honorable reply It seems there is much I can learn from you regarding equations Please tell us more
You keep pushing "pivots" and when I ask for an equation, you try to use the same question against me. You're the one using a technical indicator, not me. I'm using things such as the panama canal being expanded which will allow more US traffic, while the US plans to up it's exports in energy. The equations for that are the articles that I read. You're pretty much asking what the equation is to happy feet, which is a poker tell when someone has a strong hand, or the equation to an increased pulse which is visible in the neck, which is a tell for when someone is bluffing.

What is the equation for the indicator you are using? Why is it so hard for you to answer? Is it because you don't know?
Play the players, not the cards.
  • #344
  • Apr 24, 2013 10:28pm Apr 24, 2013 10:28pm
control your emotion when trading !
ie
# you are your own enemy
# don't try to recoup losses immediately ( revenge trading )

salaam
  • #345
  • Apr 24, 2013 10:29pm Apr 24, 2013 10:29pm
[quote=GnarlyPips;6634556]
Quoting Slim Buffett
{quote} I'm using things such as the panama canal being expanded which will allow more US traffic,
I believe that you're right.

Henceforth, I shall use the Panama Canal
Expansion Indicator as my primary trading
tool.

I like it but can you tell me what the equation is
to arrive at the expansion or contraction value ???

Remember traders
it's the Panama Canal Expansion Indicator

glad I learned that !!
When the Joker is in the deck.. fear not and play it well
  • #346
  • Apr 24, 2013 10:33pm Apr 24, 2013 10:33pm
[quote=Slim Buffett;6634574]
Quoting GnarlyPips
{quote} I believe that you're right. Henceforth, I shall use the Panama Canal Expansion Indicator as my primary trading tool. I like it but can you tell me what the equation is to arrive at the expansion or contraction value ??? Remember traders it's the Panama Canal Expansion Indicator glad I learned that !!
I actually laughed pretty damned hard. Thanks for that.
Attached Image
Play the players, not the cards.
  • #347
  • Apr 24, 2013 10:55pm Apr 24, 2013 10:55pm
good afternoon

salaam
Attached Images
  • #348
  • Apr 24, 2013 11:06pm Apr 24, 2013 11:06pm
Quoting mr.kho
good afternoon salaam {image} {image} {image} {image} {image}
And the VERY same to you Mr. KHO

Your input is more substantial than most will realize.

All the best.
When the Joker is in the deck.. fear not and play it well
  • #349
  • Apr 25, 2013 11:43am Apr 25, 2013 11:43am
Quoting venzen
Fibs, however, are 100% reliable during an impulse with respect to at least 2 of the following: a) the retracements of waves 2 and 4, b) the length of waves 3 and 5 being Fib multiples of wave 1, and c) the entire wave being divided into .382/.618 sections by the end of either wave 3 or 4. Like clockwork.
Here is an example where Cable hit a top today and then made a textbook impulse wave to the downside:

1) wave 2 retraces a little more than 61.8% of wave 1
2) wave 4 retraces exactly 38.2% of wave 3
3) not shown on the chart: the end of wave 4 divides the entire 5 wave sequence into 2 sections of 38.2% and 61.8%

This does not mean that Cable will continue making impulses to the downside - this could be the 1st wave of a zigzag correction (5-3-5).

http://ubuntuone.com/6bEwYtha6ZyBwmIVZ1qHcF
cryptocurrency everytime
  • #350
  • Jan 6, 2014 5:12pm Jan 6, 2014 5:12pm
Personally I prefer to draw a line every 2pips, I find generally price will always reverse of a line somewhere, within 2pips if I use this method and if I ignore all the lines where price didn't reverse then my lines are always 100% right after the fact.


Ofcourse Live it's ZERO use, just like Fib's!!



Might aswell, trade off your tea leaves people, atleast that way you'd of had a cup of tea ( if you like that kinda thing )
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #351
  • Feb 10, 2014 5:00pm Feb 10, 2014 5:00pm
hi
I new here
How to use and calculate the Fibonacci?
  • #352
  • Dec 27, 2016 5:43pm Dec 27, 2016 5:43pm
dont make it complicated with fib.
Buy whatever it is up
Sell whatever it is down.
Let Market Tell You
  • #353
  • Dec 30, 2016 9:59am Dec 30, 2016 9:59am
I do use Fibonacci as a primary trading technique, I have found that it greatly improves my odds of generating a winning trade.
  • #354
  • Dec 30, 2016 10:17am Dec 30, 2016 10:17am
If fib values worked the would always work, but they do not always work. Whether you can use them to make money is another matter. Simply put fib calculations are just proportions of price. They are no more likely to work than splitting price into 1/3rd 1/4 1/8th etc. They are a clumsy method based on a distance between two points. absolutely no reason for them to hold any barrier to price at all.

Fib values are simply just ratios, and thats not how the market works
  • #355
  • Dec 30, 2016 10:23am Dec 30, 2016 10:23am
Fibs are fibs

http://www.thefreedictionary.com/fib
  • #356
  • Last Post: Dec 30, 2016 10:27am Dec 30, 2016 10:27am
Quoting kbp
I have been questioning myself again and again for a long period of time about Fib retracement. There is no logical explanation of why it works/does not work. The most answer from people is: "because everyone uses them". How about you? Do you believe in Fib? If yes, what is the most reason you think it works, besides the common reason above? If no, what is your reason? I personally never used Fib as an indicator, because I think these so called golden ratios are just illusions and do not make any sense in term of trading and market sentiment. For...
Your understanding of fibonacci and its uses is entirely incomplete. The scope of the fibonacci sequence of numbers is far reaching way beyond trading. This is a worthless thread.
The coincidental success is more dangerous than the expected failure
0 traders viewing now