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Yea, whatever. I only use them to make money. You just keep on verbalising. Whatever why exactly are you verbalising then? you sure have not added anything useful. I stated my question and motive clearly enough, if you have anything substantial to add then go ahead, if not then kindly...

The problem is currently folks are having problems, and that too not always, in projecting the future Fib targets and turns but when you look in the retrospect the Fibs behavior can be well understood and explained. I myself do not use Fibs but am waiting for something real substaintial that...

here's an observation- there aint no way every single retracement is given exactly by any golden ratio. I think we all can agree on that. So is there a possibility that anything that 'retraces' by roughly 2/3 would be pronounced Fibonacci? How strong would confirmation bias play a role and if...

It sounds like you just want to de-bunk Fibonacci. Fibonacci works a great deal of times because traders use those levels - just like support and resistance, just like trendlines, just like other TA tools. Why do you need justification? Fibonacci as a mystical and special series of numbers...

toc, fibonacci is solved, it's just a mathematical series. as for its connection to anything mystical in the physical world i believe the link i gave dispells that BS as well as anything i could say

Hi, can anybody give me a justification for why fibonacci numbers have any use at all in trading? From a physical standpoint they are way overblown as some sort of magical series, see http://www.lhup.edu/~dsimanek/pseudo/fibonacc.htm Since they have no super special place in nature, then...