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you're btw, the generally accepted manner of disproving someone is to logically construct an argument that doesn't contain any fallacies (lest you lose credibility) which disproves their argument. Shrugging it off with a joke is commonly done by scam artists and "gurus" (reference that...

I close them at the 0% line. I find that overall, this about evens it out. If I were to leave a "runner" or whatever, sometimes it would go up and sometimes it would go down, so whatever, it all evens out by closing everything at 0%. Scaling in is superior for people who can't predict...

I don't trade systems. Yeah, if price only retraces to the first retracement, then I only have a small position size. No, but that would be awesome. (Noobs: take note! Other gurus say backtesting is bad (because it reveals that their methods don't work). I say backtesting would be...

lol, hard for that not to happen when there are lines all over the place!

Ohhhh! I get what you mean. Yeah, I may have defined them backward before. I'm sorry. Here: Assume they're drawn over an uptrend: 0% 38% 50% 62% 100% Now we're talking in percent retracement. Based off of that, when buying retracements of an uptrend (meaning the initial...

(note: I'm kidding. It's obviously from some shitty EA that some scammer is selling. It meets all the criteria: Heikin-Ashi candles, trend bars at the bottom (people must love these cuz all scammers include them), center-of-the-universe background magic math charts complete with fib ratios)...

I said "I exit at 100%." That's my target profit (most of the time). Let me try to explain it again. Fib gurus will post after the fact charts. In one of them, price retraces to 38% and they say "look! Price retraced to 38% and we bought there!!!" In another one, price retraced to 50%...

I would love to see that study :D

^ you fail at quoting. That was very hard to read. Starting tomorrow I'll post daily charts, account balances, PnL screenshots, whatever you guys wanna see. Just so there is no confusion: Fib gurus who say things like "look, price reversed at [some specific] fib line!" are full of...

I would take just one valid analogy. The rest of your questions don't make sense. "Everything" doesn't "need" a correlation, but if you're going to attempt to correlate cause and effect, make sure it is valid to the rest of the discussion. Well, I have a Scottrade account for swing...

lol. You tried to "help me" by posting fallacious arguments and hokey studies. Go troll someone else's thread. I have no problem discussing anything as long as the involved parties stick to valid arguments. Wanting something really badly doesn't make it true. Neither does a bunch of people...

konviction, you seem to be having difficulty discerning bullshit from that which is legit. I suggest you read this thread, which will help give you some clues to easily identify "gurus" who are actually scammers that are full of shit...

Maybe if you live in Communist Russia. That sounds like "party speak." You're so off base with that one I don't even know where to begin. Um... I was talking about logical correlations vs. fallacious arguments. You're talking about mathmatical correlation as it applies to trading. I'm...

Feel free to invite anyone from that thread over here if they want to learn how to trade with fibs and not pay $149 per month for membership to that website

Shhh, stop giving away secrets!

Someone PMed me and wanted me to post a chart of C.

*sigh* You're still missing it. If hundreds of thousands of people use it, that doesn't mean it isn't outside the realm of trading. "if everyone does it it must be right." No. If millions of people use tennis scores to trade, that doesn't mean tennis scores are related to trading...

Do you look for specific relations between the position of the swing low and the fib lines? In other words, what if the swing low is 50 points away from the lines, vs, 10 points away. Would that make any difference to you?

Newsletters are for scam artists trying to build a list of names. They disguise it as a "newsletter" which they use to send out shitty "advice" each week and sometimes cross-promote other scam artists' shitty products. Fuck that shit. Just subscribe to this thread :D

Because you're taking something that is definitely outside the realm of financial markets and trying to apply it to the financial markets. It's exactly as illogical as applying something like the progression of Tennis Scores, which are definitely outside the realm of financial markets, (0...