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Again I do not mind hindsight charts, I only do backtests and then going walk-foward to see if there is an edge. I could not find any edge here.

It still can bounce several times or 10 times to non defined swings above and below any Fibo level. So how do you do that when trading it ? You could get many whipsaws here, which can cost you a lot of money, especially in choppy markets.

I know Fibos as I have backtested retracements but with not good results at all. That is why I am curious anyone can explain they are really good working ? Tell me something about your stats when trading with Fibos ?

Not on that scale of course. You need to go to the minute or hourly time frame. Then you see the correlation if you put them on same chart as overlay.

I can understand it if you use Fibs as exit point where you have your stoploss or takeprofit. Once it is hit then it is exit. But for entries ?

But what is a level ? It is certain point, exact point measured on Fibo. So how much do you allow then to move up and above that exact point to be a so called additional indicator for your trading ? Just imagine it moves 1 point or 2 pips above and below 10 times. What do you do ?

Gold is correlated with AUDUSD, so when the market goes down, it also means in short term that to some extent AUDUSD and Gold goes lower too. All markets are interconnected to each other by the way. So this is nothing special.

The question is how do you trade Fibos ? You have calculated the exact point here. Then it moves a tick above or below and then whipsaws and non defined vola how often do you then reverse your position ? So you add 3% above and below as extra stop here ? Does it work really ? How often then you...

... ...and how profitable is it for you to ask it in different shape ? What is your profit factor ? Your monthly RRR, if you do not care for RRR on individual trades ? Because if Fibonacci has a real edge than the numbers trading it should be looking very good. Otherwise it is more random and...

...just hindsight or ? If you do market replay and go forward what is your average RRR and win rate then ?

...and what is your average Reward-to-Risk-Ratio and your average winning rate ? Do you trade FX majors or anything else with Fibs ?

Who is trading after Fibonacci ? Only small retailers I guess, maybe some bank traders, but not far enough to move the market(s). So I assume a 'system' around Fibo cannot be really effective, achieving high sharpes. Anyone proof me wrong here ?

I also would say it can only affect your latency. If you reside in heart of Europe, than London which is the main hub here is not far away. So this is more an issue for overseas scalper I might guess. There is always a route, you cannot shut down the internet. Thus you can always trade forex if...

Is it possible with higher interest rates going to 5% or 6% in spring next year in Euro area too (assumption is that the inflation is still out of control and do not come back to much lower levels), that Greece, Portugal, maybe then Spain and Italy needs to drop out of Euro currency, which is...

Did you try Renko Charts as help ? Usually most traders hold longer in the trades and making also less trades.

How much do the best prop traders make? A prop trader makes between $42,373 and $793,331, depending on their skills and experience. The median salary for prop traders is $203,679. Middle 57% earn between $203,679 and $400,084. The top 86% make $793,331. A beginner prop trader can do much less at...

Some interesting studies about the percentage of (consistent) profitable traders here. I have attached the corresponding studies. The Cross-Section of Speculator Skill.pdf 522 KB This paper seeks to understand the differentiating factors between successful and unsuccessful day traders in...

No I traded with 1 to 0.33 leverage so far less than 1:1 leverage so I made 1.5% with 1:1 lever.

So I had several months with +10% and more. But you can watch my progress in my journal. Time will tell if I can hold this.

Several trades but far below 1:1 leverage I used so far, so very low risk.