Everyone loses trading index futures

Quote from Thunderdog:

How do you arrive at an 89-tick chart? Why specifically 89?

I like the 10,946 tick chart myself.
The 21st number in the sequence.
The fib of a fib?
Can't go wrong with that one.

:)
 
Quote from just21:

fibb number
Although I think that using Fibonacci numbers for trading is misguided, I'd really like to know what the theory is behind a Fibonacci-inspired 89-tick chart.
 
good example of sticking to your trading game plan(what one was taught) by puretick.

i think they were giving themselves a patting on the back.
 
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