I don't think it is his lingo that confuses me, it's the method. I have read about fibs in the past, but like MF, I can never figure out which level is correct. But even if I would find the correct levels to measure, then what level do I use?
I can see how fibs may come into a more useful stance when put with a bias-ing system, such as ACD, then to take S/R levels that have significance, and draw your fibs.
Still though, I would go so far as to say, that even if one would draw my fibs correctly for me day in and day out, I'd still have to know how to trade. Just like most systems. There are tools, then there are skilled craftsmen who use them, and then there are people who use them, incorrectly, simply because of inexperience.
